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Jul 17, 2012Patrice Motsepe spotted an opportunity in South Africa's mining industry, shortly after the end of apartheid, and seized it with both hands. Today, the soft-spoken 49 years old mining tycoon is the country's first black billionaire. At the tender age of eight Patrice Motsepe encountered his
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Dec 20, 2017Any mention of nationalization in South Africa is enough to spook investors, since left-wing elements of the ANC have also called for mines and banks to be state-owned. Similarly, land is an emotive issue two decades after the end of apartheid, and the ANC has been under pressure to redress racial disparities in land ownership.
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Dec 20, 2012Mines South Africa's DRDGOLD scratches the surface for revenue. The South African company DRDGold Limited, which abandoned underground mining operations to exploit surface gold tailings, has closer links to shareholder Sibanye-Stillwater but it struggling to turn a big profit due to electricity and other problems.
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Nationalisation. South African authorities can take a leaf out of Banda's book by rejecting out-of-hand the ludicrous proposals to nationalise SA mines, as opposed to drawing out the process by dispatching a task team to determine nationalisation's viability.
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Susan Shabangu, South Africa's minister of mineral resources, told delegates at this week's Mining Indaba that a report studying nationalisation of the country's
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Jul 05, 2012A major conference of South Africa's ruling African National Congress (ANC) last week was billed as the final nail in the coffin for a drive to nationalise the country's mines. Instead, the policy
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What South Africa Thinks about Globalization the current hot-button is the potential nationalization of the country's lucrative mining industry global commodity prices and uncertainty related to South African labor and mining policies. South Africa's strong currency makes its mining and manufacturing exports expensive for foreign
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Is Zambian President Edgar Lungu going to drag his country back to Kenneth Kaunda's disastrous post-independence experiment with nationalisation of the copper mines, simply by default? This is the suspicion sparked by his aggressive moves to evict the giant London-based mining company Vedanta Resources from its 80% ownership of Zambia's largest mining enterprise, Konkola Copper Mines
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Calls for the nationalisation of mines in South Africa, among others by the EFF and Cosatu, is gaining momentum following Impala Platinum mine's plans to shed
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Apr 29, 2015Abandoned Mines in South Africa Auditor General Report on Rehabilitation. There are 5 906 officially listed abandoned mines in South Africa as of the end of May 2008. The majority of the 5 906 abandoned mines mines closed down prior to 2002 when the MPRD Act came into effect.
Get PricePoll Is South Africa's State Mining Company the start of Nationalization? Last year, South Africa's ANCYL leader, Julius Malema started making a lot of noise about nationalization, and specifically, the nationalization of the mines, a major source of revenue for the country, and the possible establishment of a state mining company.
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South Africa vetos new mining tax, nationalisation Mining Australia 7 Feb 2012, South Africa's Government will not bring in new mining taxes, and has vetoed a policy of nationalisation of the, works together, the private sector, state-owned enterprises and government, that benefits all South Afric.
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Nationalisation Nationalization (British English spelling nationalisation) is the process of taking an industry or assets into government ownership by a national government or state.[1 704 Words; 3 Pages; Nationalisation Of Mines In South Africa Introduction The nationalizing of mines has been the on-going debate in South Africa, Mainly between the mineral minister Susan Shabangu and the ANC.
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South Africa should not heed "false prophets" calling for mining nationalisation because of the damage such a move would do to its economy, the head of global mining giant Anglo American said
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Find Coal Mines in Mpumalanga and get directions and maps for local businesses in Africa. List of best Coal Mines in Mpumalanga of 2019.
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Aug 02, 2010South Africa's economic policy direction is at a crossroads with pressure mounting from the ANC Youth League on President Jacob Zuma's government to massively expand the role of the state, including nationalising all new mines, setting up a state bank to oil their transactions and seeking at least a 50 percent share in existing mines.
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South Africa's Economy Run By Cartels The issue of nationalisation cannot be excluded when you have an economy run by cartels. We need to make it easier for small businesses to enter without
Get PriceFeb 08, 2010South Africa's minerals minister yesterday slapped down radicals in the ruling African National Congress who have called for nationalisation of the mines.
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Nationalisation does not work. Africa is littered with the corpses of state mining companies that in a few short decades destroyed what were once vibrant private sector-led mining industries. But memories are short. Barely a decade has passed since Zambia privatised its bankrupt state mining firm.
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No blanket nationalisation of mines President Zuma Friday, August 3, 2012 Pretoria President Jacob Zuma reiterated on Friday that South Africa rejected the proposal of a blanket nationalisation of mines, saying instead the focus would be on proposals that seek to ensure the country benefits more from mining without disrupting the sector.
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South Africa's 140-year-old gold industry which was once the world's largest is now facing a major crisis. The country's mineral council says 75 percent of gold mines are
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nationalization of mines in south africa South Africa's political elite mines nationalization debate for Nationalization is the topic of the moment in South Africa and will likely continue to dominate political debate until the end of 2012, when the African National
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Jul 31, 2012South Africa's mines will be nationalised, ANC Youth League deputy president Ronald Lamola said on Monday.
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Jul 31, 2012South Africa's mines will be nationalised, ANC Youth League deputy president Ronald Lamola said on Monday. Comrades, we have won the debate on nationalisation, he
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This year's event comes amid hot debate over mine nationalisation in South Africa. African National Congress' Youth League leader, Julius Malema, has called for nationalisation of the mines in
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Stalin nationalised, and so did Mussolini, Attlee, and Edward Heath. Nationalisation has been done in peace and war, boom and slump, depressions, recessions, reconstructions and economic miracles. Nationalisation is also an established part of South Africa‟s economic history.
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Jun 30, 2011South African nationalisation business speaks out. Under the Mining Charter of 2004, mining companies were supposed to have transferred 14 per cent of their equity to black shareholders by 2009 but they managed only 9 per cent. There is scepticism that they will meet the 2014 target of
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Nationalisation Of Mines In South Africa Introduction The nationalizing of mines has been the on-going debate in South Africa, Mainly between the mineral minister Susan Shabangu and the
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Resource nationalisation 'risks breaking global trade rules'. In South Africa, amendments to the Mineral and Petroleum Resources Development Act mean mining companies would have to supply a percentage of their production of minerals, if they were considered
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Jun 29, 2012The ANC could decide on today to introduce limited nationalisation of mines in South Africa as part of the "radical shift" in economic policy the party is pushing for. The party's policy conference, wrapping up in Midrand this afternoon, could opt for 30% state ownership of mines, based on discussions at the commission dealing with state intervention in the mining sector.
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