miningmx
TODAY In Markets ›

Motsepe may back nationalisation

Sapa | Wed, 09 Dec 2009 09:03
[miningmx.com] -- Businessman Patrice Motsepe would back nationalising the country's mines if it was in the country's best interests, SABC radio reported on Tuesday.

"My belief has always been, if nationalisation is what is in the best interests of South Africa, I'll support it, whether it's nationalisation, or whether it's socialism - if the policies are what will improve, uplift and create a better lifestyle, better living conditions..." the billionaire and exective chairperson of African Rainbow Minerals said at a handover of a rural upliftment project in Limpopo.

ANC Youth League leader Julius Malema recently made the call for mines to be put in the state's hands, raising the ire of opposition parties and organised business.


USER COMMENTS () Click to View
COMMENT
SHARE
E-MAIL
PRINT
Add Your Comment
No bad language or hate speech please.

facebook de.li.cious Digg
Most Read
Commented
Ed's Choice
  1. »Pallinghurst in the black
    by Brendan Ryan | 16 Mar 2010 08:47
  2. »Coal of Africa fails to deliver
    by Brendan Ryan | 16 Mar 2010 11:56
  3. »Julius Malema linked to R250m mine deal
    by Miningmx reporter | 14 Mar 2010 10:02
  4. »DiamondCorp raises funds
    by Brendan Ryan | 15 Mar 2010 13:50
  5. »Union threatens Gold One strike
    by Allan Seccombe | 16 Mar 2010 15:16
  1. » First Uranium shake up marks fund raising
    by Allan Seccombe | 12 Mar 2010 14:51
  2. » South Africa slips to 4 in gold rankings
    by Allan Seccombe | 12 Mar 2010 13:03
  3. » JSE probes ArcelorMittal conduct
    by Jan de Lange | 09 Mar 2010 11:20
  4. » ETF threat hangs over gold
    by Allan Seccombe | 08 Mar 2010 18:01
  5. » Swanepoel sells out of Delta Mining
    by Brendan Ryan | 02 Mar 2010 13:25
  1. » ETF threat hangs over gold
    by Allan Seccombe | 08 Mar 2010 18:01
  2. » South Africa slips to 4 in gold rankings
    by Allan Seccombe | 12 Mar 2010 13:03
  3. » Big enough is no longer good enough
    by David McKay | 07 Mar 2010 10:04
  4. » AngloGold gets serious
    by Allan Seccombe | 11 Mar 2010 15:51
  5. » Zimbabwe's Marange output at 2m carats
    by Reuters | 03 Mar 2010 08:37
More news from Markets
  • › Mining deal flow up slighty in 2009
  • › BHP Billiton to spend $10bn, eyes upturn
  • › Eskom secures $2.81bn for Medupi
  • › Xstrata debuts in $50m DRC iron ore deal
  • › Shareholders to quiz BHP Billiton on Rio bid
  • › A tough man for a tough job
  • › Pine Pienaar cleans up
  • › Susan Shabangu vs. Peter Leon
  • › Potash Corp shares rise as Soros fund raises stake
  • › Sierra Leone passes mining bill, hikes royalties
    • special reports
    News Alert! Subscribe to our Free News Alert
    multimedia

    Multimedia

    LATEST PODCAST | Mvela Resources and corporate action | 12 Mar 2010 - › More
    The MiningMx team debate possibilities of corporate action at Mvela Resources and get an analyst opi ... Listen ›
    RADIO WRAP | More ›
  • › Chamber's proposal gives an "almost bearable" alternative - Dick Kruger, CoM |
  • › Opportunities for growth in diamonds - Trans Hex CEO Delport |
    • podcastsPodcasts
    Big opinions by big guys.     RSSRSS Feeds
    News delivered really simply.
    jobsJobs
    Current listings.     eventsEvents
    Current listings.
    jseJSE Listed stocks
    Real time resources data.
    special reportsFREE News Alert!
    Subscribe to our News Alert