One has to wonder whether it is coincidence that South Africa's Foreign Direct Investment (FDI) decreased by a staggering 70% in the year (2010) that nationalization of inter alia the mining industry was first called for from political platforms, albeit junior ones. In the same period, the FDI of the African continent also decreased, but by ...Web
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This paper explains the politics of mine nationalization in contemporary South Africa. Nationalization and privatization typically occur in the oil, mineral resources, and state utilities sectors, and they tend to follow one another in a long-term cyclical pattern. ... The ANC initiated an unusual mining sector policy review process in the run ...Web
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Currently, South Africa's government claims that it has no plans to nationalize its mining industry. South Africa's Mines Minister Susan Shabangu has …Web
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May 10, 2022 Keywords: nationalization, South Africa, mining sector in the South African economy, (ii) the fiscal risks or benefits of nationalization, (iii) the efficiency of the mining sector But this model has some obvious limitations Twenty years later, only an essay on privatization by John Vickers (2022) appearedWeb
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essay on the feasibility of nationalising the south african mining sector T22:10:16+00:00Web
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Nationalization is high on the policy agenda in South Africa. This paper considers the case for nationalizing the local mining sector from an evidence-based perspective, which is derived from theoretical considerations and related to the known features of the South African mining sector and economy. A strong case against nationalizationWeb
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Nationalization is high on the policy agenda in South Africa. This paper considers the case for nationalizing the local mining sector from an evidence-based perspective, which is …Web
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A storm erupted in policy circles in South Africa after Julius Malema the leader of the African National Congress Youth League (ANCYL) boldly proclaimed the need for the mining industry in South Africa to be nationalized. The demand was predicated on fulfilling the vision of the Freedom Charter, which was adopted at Kliptown in 1955 as the …Web
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In 2011, South Africa's mining industry was the largest contributor of the economic transformation. Mining industry had broad-based black economic empowerment (BBBEE) deals worth R150-billion. BBBEE targets apply to all companies in South Africa. This means a certain amount of local assets have to be sold to black South Africans.Web
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But some suspect the league's sudden passion for nationalisation is more to do with wanting to bail out their black-economic-empowerment buddies in the mining sector, many of whom fell on hard ...Web
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Nationalisation basically means the taking of control by the government over assets and over a corporation, usually by acquiring the majority or the entire stake in the corporation. There are two basic means by which the government may take assets or corporations into public ownership. The first is via appropriation or confiscation of the …Web
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The mining industry forms the foundation of South Africa s economy. Currently South Africa is the biggest producer of platinum in the world and one of the top producers of gold. Julius Malema, the leader of the African National Congress Youth League (ANCYL) was at the forefront of having a detailed perspective on the nationalisation of mines in ...Web
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The ANC tried to manage the stoked-up debate on nationalisation by appointing a research team to report broadly on state intervention in the mining …Web
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SA Economy: Nationalising South Africa's Mining Sector Economics 314 30 September 2011 Abstract The purpose of the essay sets out to look at the concept of nationalisation, research it and discuss whether it is an applicable strategy to …Web
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Disadvantages of nationailsation. Nationalisation would create panic among foreign investors. South Africa has a history of state owned enterprises that haven't been very successful, this would place more doubt in the mind of the foreign invertor. The mining sector, after nationalisation, could take a very long time to boast a profit.Web
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Nationalisation of the Mines. South Africa has so many amazing mineral natural resources as well a profitable well-developed mining sector. The nationalisation of the mining sector is an argumentative topic in our country at the moment. It has been argued that income from the mining sector will advance several social and economic project which ...Web
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Nationalization is the process by which private companies become owned and controlled by the government. It often happens in developing countries when governments wish to seize control of a profitable industry in order to create a sizable income stream for those in power. Nationalization happens in developed countries as well in the form of ...Web
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The mining sector, after nationalisation, could take a very long time to boast a profit Resources are scarce, therefore during this time, resources may become depleted, resulting in huge losses for the South African economy There are very large and vast costs that government would have to encounter if the mines of the country are nationalised ...Web
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3. Mine ownership and fiscal regime under private status3.1. From nationalisation to privatisation. The Zambian mines had begun to be exploited in the Copperbelt (North) in colonial times, under the control of, first, the omnipresent British South Africa Company founded by Cecil Rhodes, and later, of two private companies (Anglo …Web
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Nationalization is "the act of taking assets into state ownership. Usually it refers to private assets being nationalized." (wordiq). Nationalisation is generally seen as a means …Web
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South African Demands on Mining Threaten Output, Impala Says ... Jun 28, 2011 · South Africa risks cutting the mine output that contributes 8.8 percent of the economy as calls from within the governing political party for a state ...Web
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The proposal to nationalise mines is a contentious issue in South Africa. There are those who argue for, while others against, the proposal. Furthermore, the role of government in this process is relatively unclear. The study investigates the proposed nationalisation of mines and probable policy implications for South Africa. The studyWeb
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Nationalisation Of The Mines In South Africa Economics Essay Economics Modified: 1st Jan 2015 Wordcount: 1930 words Author Economics Student Disclaimer: This is an …Web
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nationalization in South Africa could do to the global mining industry: the loss of the reserve base, in particular for PGMs, would cripple the market, sending metal prices sharply upwards and ultimately forcing end users to engineer PGMs out of other products. In its anticipation the stock market's reaction to South Africa's suggested ...Web
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Keywords: Nationalisation; South Africa; mining sector JEL codes: L22, L52, L71 … Dictionary of Economics found an insightful essay on nationalisation … » Free Online Chat. South Africa will not nationalise its mines, says … Susan Shabangu, South Africa's respected mines minister, has dismissed talk of nationalisation of the country ...Web
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The ban is also meant to deter artisanal miners from exporting ores abroad. Smuggling to South Africa and UAE reportedly cost the country $1.8bn in lost mining earnings. High prices and tighter government control have artisanal miners flocking to abandoned mines in search of critical minerals, with potentially dramatic consequences.Web
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This paper traces the rise of South Africa's mining industry in the context of the different state forms that oversaw its development. It commences with the mining-led industrial revolution through four periods of conflict, each of which contributed to a deepening of the industrial base, with constant battles between domestic and foreign ...Web
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Downloadable! Nationalisation is high on the policy agenda in South Africa. This paper considers the case for nationalising the local mining sector from an evidence-based perspective. The relevant evidence is derived from theoretical considerations and related to the known features of the South African mining sector and economy. A strong case …Web
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Keywords: Nationalisation; South Africa; mining sector JEL codes: L22, L52, L71 1Presidential address presented at the biennial conference of the Economic Society of South Africa, 5-7 September 2011, Stellenbosch. ... only an essay on privatisation by John Vickers (2008) appeared in the massively expanded second edition of the New Palgrave ...Web
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