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Are South African Mines to be nationalised?

WARNING: This is Version 1 of my old archive, so Photos will NOT work and many links will NOT work. But you can find articles by searching on the Titles. There is a lot of information in this archive. Use the SEARCH BAR at the top right. Prior to December 2012; I was a pro-Christian type of Conservative. I was unaware of the mass of Jewish lies in history, especially the lies regarding WW2 and Hitler. So in here you will find pro-Jewish and pro-Israel material. I was definitely WRONG about the Boeremag and Janusz Walus. They were for real.

Original Post Date: 2002-09-02  Posted By: Jan

From the News Archives of: WWW.AfricanCrisis.Org
Date & Time Posted: 9/2/2002 3:47:24 PM
Are South African Mines to be nationalised?

[Note: The following news report is an indication of a subtle move to undermine the existing mining industry in South Africa and to nationalise it in the name of Black Empowerment. Investors overseas in the USA have already panicked somewhat and see this move for what it is – Government slowly moving in on South African mines in the same way that Mugabe is taking over the agricultural industry in Zimbabwe. Mbeki may be telling people not to worry, but investors have recognised this for what it is. Jan]

SA must debate mining charter.

Once South Africans agree that there is an urgent need to transform their society, and in particular the mining industry, it will become easier to negotiate the ways towards that common goal, President Thabo Mbeki said on Sunday.

Referring to talks between government and business on a new mining charter, he said it must become evident that access to resources, wealth and other opportunities could not continue to mirror the divisions and distortions of the past.

South Africa could not avoid debate around mining issues.

The President was speaking at a Business Trust dinner in Johannesburg attended by representatives of local and international big business, who have been meeting in the city on the fringes of the World Summit on Sustainable Development (WSSD).

Mbeki said as had happened in the past, there would be intense and rigorous engagements on the charter so that the views of all South Africans were brought on board before any final decisions were taken.

“I am confident that the majority of us cannot sleep well when we know that we have consciously worked against the empowerment of those who cannot fully participate in the economy, because the past had, by design, consigned them to the margins of society.”

Both industry and business should at all times listen to the poor and marginalised and work for the implementation of programmes that advance their interests, he said.

Leaders from the mining industry, labour and government have been meeting to finalise a charter for the sector, following the approval by Parliament earlier this year of the Minerals and Petroleum Resources Development Bill.

The bill, which the President has yet to sign into law, aims to facilitate the entrance of black emerging miners into the industry.

Mbeki said the debate on the charter represented the vibrancy of the country’s efforts to build a new democratic, non-racial, stable and prosperous society.

Unfortunately, elsewhere in the world the response to this debate was exactly the opposite, he said.

Mining stocks took a pounding after a draft charter, detailing government’s proposals for empowerment, was leaked to the media.

The document had proposed that 51% of new mining operations be black-owned within ten years.

Mbeki said the response of the markets to the draft charter was the price South Africa had to pay “for the privilege, or curse, of living in exciting times”.

“What the international response confirmed was that government and business had a common obligation to inform the world about their shared objectives and their responsibility to present and future generations to create a new South Africa,” he said. – Sapa

Date: 02 September 2002 07:42
Source: Daily Mail & Guardian
URL: http://www.mg.co.za/Content/l3.jsp?a=12&o=839…br>