Malema: Minister must prep mines

Wednesday 22 June 2011 : 14:00

Johannesburg - Minerals Minister Susan Shabangu should start preparing the mining sector "psychologically" for nationalisation, ANC Youth League president Julius Malema said on Tuesday.

The lesague further expected Shabangu to be the first to explain "to our people why we are nationalising", Malema said during an interview on SAfm.

"She should prepare the mining sector psychologically, otherwise the mining sector will be in for a shock... ."

Putting the mines in the state's hands was adopted as a league policy at its policy conference which ended on Sunday.

Shabangu recently dismissed nationalisation as "not an option" and "not current policy".

Malema said nationalisation of mines in Zambia had failed because demand for copper fell, and individuals, not the state, were the beneficiaries. One of the proposals the league suggested was to start with new mining entrepreneurs.

When new mining licences are issued, the state should hold 60% of the ownership, and the mining company 40%.

Mines already operating could hand over the 60% portion to the state and, over time, be paid back through profits.

The ruling ANC has made it clear that mine nationalisation is not a party policy. Policies are formulated at national conferences. The next ANC national conference is in 2012 in Mangaung.

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mine nationalisation | julius | susan shabangu | malema


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Pragmatist - June 22, 2011 at 12:45 Report comment
Well we the mines are almost out fo gold anyway... let the clowns have them!
00 Reply to Pragmatist

Fredster69 - June 22, 2011 at 12:42 Report comment
He is from a League, not even a proper party and he is the president of the League, a League means to combine; to unite; as, common interests will league heterogeneous elements.a group of people coming together to form an opinion. And now they want to tell the ruling party what to do... Who is the bigger idiot now?
00 Reply to Fredster69

NeoJudge - June 22, 2011 at 12:42 Report comment
Can anyone who's well informed and has contemplated this issue without prejudice explain to me why it is wrong for the ANCYL to call for nationalisation. I personally do not think that this is a Malema issue... So if u reply please focus on the matter not the man..
00 Reply to NeoJudge

ben petzer - June 22, 2011 at 12:34 Report comment
Can somebody please take a hammer and chisel and engrave in Malemas' brain "mine nationalisation is not ANC party policy".
00 Reply to ben petzer

Capestorms - June 22, 2011 at 12:29 Report comment
Just tell all international companies to take there investments and shove it.

With what money will these mines be operated with, TAX??????
Less and less money in the personal account of our goverment brothers and sisters.

When money walks out of the back door, voters walk over to new a party.
00 Reply to Capestorms

Sammy - June 22, 2011 at 12:25 Report comment
Surely Malema must be taking the piss out of everybody , nobody can be that moronic and hold office!
00 Reply to Sammy

Mias - June 22, 2011 at 12:20 Report comment
The more I hear I think that our dear President Zuma and his cabinet and the NEC of the ANC is not in charge of this country anymore. We need to accept that Julius now runs the country. Trevor and the rest of the senior ANC cadres just do not have the balls to get this little twit in line. They are running scared of him.
00 Reply to Mias

jake somber - June 22, 2011 at 12:17 Report comment
I guess that he wants the 40% to foot 100% of the expenses.
00 Reply to jake somber

Mengas - June 22, 2011 at 12:14 Report comment
You are right Cde Julius, we have to benefit from the wealth of this country
00 Reply to Mengas

simon - June 22, 2011 at 12:03 Report comment
Jump, Susan, jump, your real boss is talking to you !
00 Reply to simon

sanette.taylor - June 22, 2011 at 12:03 Report comment
Nationalisation: The capitalists strike back
www.thedailymaverick.co.za
00 Reply to sanette.taylor

Staalbal - June 22, 2011 at 12:01 Report comment
Why don't the media ignore everything from this Fukwit for a couple of months. The media gives him more power because of all the coverage, Juju can just fart and it's news. I propose a total media blackout of all matters Julius.

BTW, mangaung is a municipality Bloemfontein is the cities name.
00 Reply to Staalbal

Gregory - June 22, 2011 at 12:00 Report comment
Tpgbru
I listened to this idiot on the radio this morning! Not the same person when he doesnt have a prepared speach that he read or rehearsed. His IQ is lower than i thought and thats bad. Presenter tell him about all the failed nationalisation projects accross the world and all the research from experts saying it a receipt for disaster and Julius replies it's because it's in the freedom charter!!!!!hhahahahahhwhhhhahhahwhhwhahahah!!!! And then later in the interview when they changed the subject from the mines to the education problem.... Boom! no lights! he wasnt suppose to ask me those questions???? huh??? education?? Come on people this guy is only looking after his own interest! Let me explain. He and JZ's son and all these other power hungry mongrels only want to nationilize the minds because the government will have to buy these minds from the owners. Some of them are worth nothing actually but if the gov pays a few billion for it who benifits??? Think about it logically! Not sure if it was Chille but the lost $100m a day when they did this and when they scrapped it they made $100m a day! simple math?? To my African brothers and sisters out there.... dont be blinded by one mans ignorance and greed. He will take you all down. This dictator would have died for Zuma a few months ago and now??? He wants to get rid of him!! hahaha What do you think he will do with you?? Logic? :) my 5 cents worth. :)
00 Reply to Gregory

Tolerant - June 22, 2011 at 11:44 Report comment
Don't promise what you can not deliver, some people might believe you for a while, but you can not fool all the people all of the time.
00 Reply to Tolerant

Sinqulile - June 22, 2011 at 11:44 Report comment
The adoption of Nationalization of Mines Policy might be the right thing to revolutionize Black community through our national Assets so let us support the policy so that we can bridge the gap of inequality. Let us unite the nation by giving Black youth fair opportunity in all sphere of economy.
00 Reply to Sinqulile

Noitol - June 22, 2011 at 11:40 Report comment
Can this priceless fool not see that no sooner will nationalization take place than the bottom will fall out of the gold market -- precisely as happened to the copper market in Zambia. Next to collapse will be the mines themselves under government management, with, one wonders, how much loss of life?
00 Reply to Noitol

ZACKIE - June 22, 2011 at 11:37 Report comment
a mental patient has escaped from valkengberg yesterday goes by the name juliass..very dangerous and stupid
00 Reply to ZACKIE

be200 - June 22, 2011 at 11:37 Report comment
EISH one of these days no more pap to eat like our brothers in Zim,where wil we go Nigeria? If this fails are we going to blame this on our selfs or the west?? Eish no more pap and vleis just hunger like the rest of Africa!
00 Reply to be200

Totman - June 22, 2011 at 11:37 Report comment
"The league further expected Shabangu to be the first to explain "to our people why we are nationalising", Malema said during an interview on SAfm."

So he decided and it is now going to happen.

I am a bit confused. Is the YL not a part of the ANC and the ANC the ruling party, using the parliament to make laws to implement things like that? Since when does a nation gets ruled by a group and leader of a youth group of one of it's political parties?

What are the elected leaders saying of this?

Did the chiefs forgot to throw some Mrs Ball's on when they were doing the initiations in the bush.[ Seeing that, that is also in the news.]

........or is the YL only the megaphone of the speakers behind it?
00 Reply to Totman

Ollie - June 22, 2011 at 11:36 Report comment
Malema must "psychologically" be preparing for Weskoppies
00 Reply to Ollie

Finance 24

Comments by Sonny

The ANC has created this monster, MALEMA....

He will be the direct reason for J Zuma's demise before his term has expires.....!