[miningmx.com] — ANC Youth League President Julius Malema says that President Jacob Zuma’s state of the nation speech indicates that nationalisation of the mining sector is here to stay.
Speaking to BusinessLIVE/I-Net Bridge on Thursday evening after the speech, Malema said that the policy of beneficiation moved the country away from being merely a custodian of minerals and would move ultimately to industrialisation.
Zuma had said a priority of government would be to finalise and adopt a beneficiation strategy as its official policy.
““I think the speech was very good…. the Minister of mineral resources (Susan Shabangu) must take note of the President’s speech. Nationalisation is on its way,” said Malema.
Shabangu and Malema have been at odds over the whole question of nationalisation of the SA mining sector. Shabangu has been vehemently opposed, while Malema has been propagating the idea.
