Mine Nationalisation

Zwane’s new charter is easy to dismiss due to his Gupta links

A draft policy document shows the ANC has rejected calls to nationalise mines but supports a windfall "resource rent" tax on mining firms.

Mineral Resources Minister Susan Shabangu has warned that the call to nationalise mining companies should be dropped.

According to recommendations from its policy conference, the ANC has rejected "wholesale nationalisation" in favour of "strategic nationalisation".

NEC member Fikile Mbalula said on Saturday that ANC members were afraid to talk about the nationalisation of mines.

The ANC Youth League says Limpopo premier Cassel Mathale’s Freedom Day endorsement of the nationalisation of mines is inspiring.

In terms of mining, there are no easy options to make the most of local beneficiation.

Unlike in sport, the key battles taking place seem to have no clear resolution — leaving us all at a loss.

Nationalisation may be off the table but analysts warn that any changes to the tax regime in the mining sector will also scare away investors.

The ANC says a highly-anticipated report on possible reform in the mining sector is merely a discussion document and not cause for concern.

Mining Minister Susan Shabangu has put paid to nationalisation at the Mining Indaba, while outlining plans for a tax-heavy resource nationalism.

Minister in the Presidency Trevor Manuel says nationalisation is not an option for SA, as the mining sector is fundamentally important to transition.

Following Malema’s failed appeal and the ANC’s NEC summit, the government says nationalisation is firmly off the table, and SA is open for business.

The ANC Youth League says there’s no point in promoting nationalisation at the Mining Indaba because it will be non-negotiable once it becomes policy.

The ANC is pondering a windfall tax as a less risky way to maximise benefits from minerals, writes <b>Kevin Davie</b>.