Wednesday, February 03, 2010

Response to Nationalisation Nonsense

Two articles here. The first from Realestateweb and the second from the UK Financial Times.

Julius Malema & your property rights

Jackie Cameron
03 February 2010

‘Have 20 properties, as long as you're a local'- ANC Youth League speaks to Realestateweb

CAPE TOWN: The ANC Youth League, becoming increasingly vocal and more controversial in its views, gives investors in South African residential property its blessing - provided they are not foreigners.

This was the message from Floyd Shivambu, spokesperson for the ANC Youth League, in response to questions from Realestateweb, property news site in the Johannesburg-listed Moneyweb stable.

"They can own more than one house, they can even own 20 houses. There's nothing wrong with that," said Shivambu of property investors with South African assets in a telephonic interview.

"We don't agree with foreign control of South African land. South Africa must be owned by South Africans," he continued.

The ANC Youth League is headed by Julius Malema, who has become a household name thanks largely to his colourful and often controversial comments. The ANC Youth League seems to have played a key role in ensuring President Jacob Zuma and the ANC's political success during last year's election. It is owed favours by the ANC's ruling politicians. It is also increasingly trying to call the shots at the highest political levels.

Earlier this week, the ANC Youth League lashed out at mineral resources minister Susan Shabangu after she attempted to reassure international investors at a mining conference in Cape Town that nationalisation of mines is not government policy.

The organisation accused her of being "disingenuous and dishonest" and of not understanding the ANC after she reportedly said nationalisation of mines would not happen in her life time. "In our internal discussion with Minister Shabangu, she said that she does not disagree with the ANC Youth League, but because she is now trying to impress imperialists, she changes her tone," said Shivambu.

"The ANC is the centre of power and gives direction to government policy, not vice versa. The reason why the ANC Youth League has developed a concrete programme on the nationalisation of Mines within the ANC, not in government, is because we understand that the ANC gives policy direction to government. The ANC policy objectives are located within the Freedom Charter, which says Mineral wealth beneath the soil shall be transferred to the ownership of the people as a whole," said the ANC Youth League.

Shivambu told Realestateweb that he was "100%" sure nationalisation of mines "is going to happen". "The sooner investors realise that, the better...Investors mustn't be misled," he said.

read the rest here.

BUT
Here's what Shivambu said. Read the full story here, as the FT has not given permission to reproduce.

South Africa rules out mines nationalisation

By Richard Lapper in Cape Town

Published: February 3 2010 02:00 | Last updated: February 3 2010 02:00

South Africa's minerals minister yesterday slapped down radicals in the ruling African National Congress who have called for nationalisation of the mines.

5 Opinion(s):

Anonymous said...

"...reportedly said nationalisation of mines would not happen in her life time" - better watch your back Susan.

Anonymous said...

That is just the front that the minister is presenting to the world.
Pay attention to this statement that she also made:

"In our internal discussion with Minister Shabangu, she said that she does not disagree with the ANC Youth League, but because she is now trying to impress imperialists, she changes her tone," said Shivambu."
........

This means that whenever the ANC and the ANCYL meet in private, as opposed to in the public eye, then the minister is in agreement with the ANCYL about the need to nationalize the mines.

This means that there are two possible scenarios.

1) The ANC minister is lying to the ANCYL, or
2) The ANC minster is in agreement with the ANCYL and lying to the world.
..........

Two very different scenarios, each with far reaching effects.

Malema is the ANCYL president.
What has the ANC done to reprimand him?????
Nothing, well actually Zuma complimented him on his leadership and said that he will go far????
That pretty much sounds like an endorsement.

Someone is being taken for a fool and I am sad to say that it isn't the honourable minister.

Nationalization will happen and sooner rather than later. They say they will discuss it in 2012.
hahahaha
This is an age old tactic and is meant to give one a false sense of security.
...........

People that truly know the black culture know that the truth to them is an abstract and may be changed to prevent conflict.

Anonymous said...

Malema guarantees property rights???

Oh and here I was under the impression that they were re-examining the expropriations bill, which would not only apply to farms, but to residential property as well, including private companies, small or large, such as mines.

I guess the truth is really abstract to the blacks. Pieter Mulder wrote a book about it.

Anonymous said...

Anon 3:49 - " People that truly know the black culture know that the truth to them is an abstract and may be changed to prevent conflict." - yes - it's part of their culture to lie to your face.

Anonymous said...

The nationalisation of the mines isn´t even 5 years away. After the ANC have raped the coffers and the mines have closed down due to government theft and inefficient programs, it will be the banks turn, and when they finally go tits up due to government theft, the land grab will begin.
Then there will be a civil war as the kaffirs argue and fight over the last remaining scraps.
If you have any doubt as to my predictions, just cast your eyes north of us. It´s happened in Angola and Mosambeque, so this won´t be anything new. The only difference will be the intensity of the struggle, because there is way more "stuff" up for grabs in SA.
Welcome to Africa.