Nationalisation of mines not going to happen

By The Editor    05-Mar-2012 17:04 UTC+02:00

Deputy President Kgalema Motlante Photo: BBC News

The ANC deputy president has indicated that the nationalisation of mines is never going to happen, reports BBC News. The suspended ANCYL president Julius Malema has been calling for the nationalisation of mines, arguing that the wealth of South Africa should be owned by the state not few capitalists. However, the ANC believes that this is not in the interest of this country as it would deter foreign investors, thereby negatively affecting the country’s economy.

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