This is because fixed costs are so high in creating a network of water pipes, there is no sense in having any competition. A sector that is nationalised, allows the government to have direct control over that sector. The key proponent for this move towards nationalisation of the mines is anc youth league president, julius malema, who has stated that mining companies dont plough enough back into communities and that he believes this can be done more expediently through the state machinery. A crtitical analysis of the proposed nationalisation of mines in south africa in light of south africas international law obligations. Reprinted from the bulletin of the new york public library of may, 1920. This is great because it ensures that everyone in the economy can benefit, and the industries are all united. Nationalisation of mines in south africa 3122 words. The coal mines nationalisation act, 1973legislative department. Zambia and copper have to a large extent become synonymous terms in the area. The first part describes how ideas and concepts can cross national and linguistic frontiers and how theories of social work practice may be found suitable for. Nationalisation of the mines in south africa economics essay. Last week kaunda made it clear that zambian ambitions have grown. A summary of the economic factors to be considered in the nationalising of mines. Pdf on oct 1, 2011, d limpitlaw and others published nationalization and.
Nationalisation of mines in south africa pdf red kite. Coal nationalisation 50 years on david coxill scmc journal no. Mine nationalisation disastrous for economy mokaila. Recent calls for nationalisation of mines and expropriation of land without compensation have evoked a sense of anxiety and discomfort in sections of south african society, the international financial sector and observers of south africas policy processes. The nationalisation of the mines, banks and monopoly. Massive investment in the development of the african economy 7. This paper considers the case for nationalizing the local mining sector from an evidencebased. This is a reproduction of a book published before 1923. The science of economics deals with rules and systems of wealth, production, and losses in business, and the standards of living which people attain.
By 1986 a noticeable decline in copper production resulted in the closure of many mining units and led to the implementation of a fiveyear plan to revive the company8. The railways, coal mines, iron and steel, the land. For one, economically speaking, it ensures that a government can stay homogenized and the economy toptobottom can be nationalized. Paragraph on the nationalisation of industry the college study. This site is like a library, use search box in the widget to get ebook that you want. Nationalization, or nationalisation, is the process of transforming private assets into public assets by bringing them under the public ownership of a national government or state. Advantages and disadvantages of nationalising mines. Nationalisation of mines is synonymous with a shammedia. The communists, who were members of the french government, tried to carry out nationalization in the interests of the working people. Coal mines nationalisation laws amendment act, 1986. Nationalization refers to the process of a government taking control of a company or industry, which generally occurs without compensation. Free essays on nationalization of mines disadvantages. As argued below, the nationalization of mines will not achieve any pressing social need, which renders that consideration irrelevant as far as the calculation of compensation is concerned 5.
The mun says nationalisation of mines would ensure decent jobs, job security and maximum benefits to the country from its natural resources. A free powerpoint ppt presentation displayed as a flash slide show on. Nationalisation in the reasons to nationalise south. President jacob zuma during his closing speech of the 2012 anc policy. Sep 21, 2010 transferring control of the countrys mineral resources to the state is one of the hot topics at the ancs national general council. Nationalisation of the mines by hodges, frank, 18871947. From the start, the industry was at a disadvantage, for while the ncb inherited the physical assets of the mines from the coal.
Resource nationalisation risks breaking global trade. The case against nationalisation is argued by sa communist. There is little recent history of net subsidy or other direct support to the mining sector 4. Nationalising south africas mining sector economics. This thesis analyses the representation of the nationalisation of mines debate, as a developmental policy discourse, by the south african corporate media. Nationalisation article about nationalisation by the free. The nationalisation of the mines, banks and monopoly industries is the policy of the anc and a change or modification of our views in this regard is inconceivable nelson mandela february 1990 we would welcome a debate among the business community on the issue of. On 2831 may 1992, at a fourday gathering in kimberley, the anc effectively dropped nationalisation, which stood as its central demand for 36 years, as an essential issue in the negotiation process.
The concept of a developmental state is not an economic one and has been imported to the subfield of political economy where non. The key reform will virtually upend the coal mines nationalisation act, 1973, cmna which has kept the sector largely a preserve of publicsector monolith coal india. The implementation of nationalisation the coal industry nationalisation act was passed on 12th july 1946 with the newly formed national coal board ncb taking over the industry on 1st of january 1947. Minister of minerals, energy and water resources, kitso mokaila told parliament this. What would happen to sa if mines were nationalised. Government revenues can be achieved by a combination of taxes and dividend payments. An act further to amend the coking coal mines nationalisation act, 1972 and the coal mines nationalisation act, 1973.
Written by raymond suttner, author of the freedom charter tb davie memorial lecture, uct 1984 and 50 years of the freedom charter with jeremy cronin, unisa press, 2006. Many key industries nationalised were natural monopolies. Nationalization of the zambian mining industry springerlink. Download fulltext pdf privatisation and nationalisation in the 21st century article pdf available in growth 50.
Zambian mining policy has travelled the path from assets being held by privately owned. Foreign investment has already declined due to malemas uncertain statements regarding the nationalisation of the south african mines. Nationalisation of the mines the first statute to give the state some element of control over coal mining was the coal mines inspection act of 1850 which set up an inspectorate of coal mines. The government has no intentions to nationalise the mines since the move could be detrimental to the economy. Dec 20, 2012 nationalisation of mines dead and buried. Nationalization of copper in chile and its international. Advantages and disadvantages of advantages and disadvantages of nationalisation of mines zimco zambia mining. Nationalisation download ebook pdf, epub, tuebl, mobi. In october, 1971, the coking coal mines emergency provisions act, 1971 provided for taking over in public interest of the management of coking coal mines and coke oven plants pending nationalisation.
The nationalisation was done in two phases, the first with the coking coal mines in 197172 and then with the noncoking coal mines in 1973. Truth and fiction in the investment analysts society of south africa. The nationalisation of mines debate in south africa is, as predicted, reaching new. Back to a prosperous future, or down a rabbit hole. Stan du plessis1 abstract nationalisation is high on the policy agenda in south africa. It has been argued that income from the mining sector will advance several social and economic project which include resource redistribution, transformation and job creation. The aims and goals of nationalisation need to be elaborated in depth. Until 2012, zambia was the largest copper producer in africa, but it has since been overtaken by the drc.
Most of the uks major strategic heavy industries and public utilities were nationalised between 1946 and the early 1950s, only to be returned to the private sector between 1979 and 1990 examples of nationalisation. Drivers of nationalisation nationalisation is not new in global economic evolution. Sa could fall foul of world trade organisation bdlive, 14 february 2014. British nationalization of industrycompensation to owners. 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. Pdf nationalization in bangladesh muntasir mamun shafi. But let us humour the league for a moment and assume it succeeds in changing the ancs mind about nationalisation, gets over all.
South africa has so many amazing mineral natural resources as well a profitable welldeveloped mining sector. This paper considers the case for nationalising the local mining sector from an evidencebased perspective. Be it enacted by parliament in the thirtyseventh year of the republic of india as follows. Nationalising south african mines stellenbosch university. Not everyone is as keen as julius malema to have mines nationalised mpho, 2011. The zimbabwean government recently announced plans to partially nationalize the countrys mining sector after accusations that foreign companies were plundering the countrys resource wealth. Overview of state ownership in the global minerals. The first step in this direction was taken in december 1944, when the mines in the major coal basin in the departments of nord and pasdecalais were nationalized. From then on, a succession of different government departments were involved in the coal industry.
Mineworkers union calls for nationalisation of mines. The demand was predicated on fulfilling the vision of the freedom charter, which was adopted at kliptown in 1955 as the manifesto of the liberation struggle. Nationalisation and the freedom charter by raymond suttner. Nationalisation of mines in south africa essay 34 words. A free powerpoint ppt presentation displayed as a flash slide show on id. Therefore there is no reason to nationalize the mines in south africa. Within eight months of his inauguration the promise had been fully carried out and in a manner, moreover, that can be described as. Advantages and disadvantages of nationalisation connectus. South africa is currently engaged in a heated debate on whether to nationalize the countrys mines, the outcome of which will greatly affect the future of the economy as well as the well being of millions of individuals. Books or documents of nationalization of mines in south africa. Nationalization is high on the policy agenda in south africa. Nationalising south africas mining sector kopano seopela 608s2360 luyanda period 3 09.
He added that the emphasis of any nationalisation in the mineral sector would be on beneficiation and identified natural resources including shale and. Privatisation and nationalisation jeanpierre dupuis national accounts and financial statistics statistics directorate organisation for economic cooperation and development oecd paper presented at the fourth meeting of the task force on harmonization of public sector accounting tfhpsa hosted by the international monetary fund. The relevant evidence is derived from theoretical considerations and related to the known features of the south african mining sector and economy. A case study of zambia by ndangwa noyoo rhodes university summer school september 2011 politicians of all shades have advocated nationalisation. The debate on the nationalisation of mines has gained intense attention from all such qualifies the call for nationalisation of mines in south africa as there are japan predicted for china would not have been resolved through privatisation. The mineworkers union of namibias namdeb branch at oranjemund has called on the government to consider nationalising mines in light of intended retrenchments of workers at the skorpion zinc mine at rosh pinah. Susan straight knows what this is like growing up in riverside and having a black husband. This book may have occasional imperfections such as missing or blurred pages. Pdf privatisation and nationalisation in the 21st century. The new south african debate on nationalisation versus privati sation seems to be dominated tatives of the national union of mine workers num were very. This is a model similar to that of botswanas diamond industry. The concept of a developmental state is not an economic one and has been imported to the.
Nationalisation of mines in south africa introduction the nationalizing of mines has been the ongoing debate in south africa, mainly between the mineral minister. Corporate media and the nationalisation of the economy in. The economic and technolegal realities of nationalisation. The anc have decided not to nationalise mines at the closing of its 2012 policy conference. Free essays on nationalization of mines disadvantages through. Nationalisation is high on the policy agenda in south africa. This paper considers the case for nationalizing the local mining sector from an. Freedom charters objective of people sharing in the countrys wealth. This means the most efficient number of firms in the industry is one. The nationalisation of the mines, banks and monopoly industries is the policy of the anc and a change or modification of our views in this regard is inconceivable nelson mandela february 1990 we would welcome a debate among the business community on the issue of nationalisation i also expect compromises on both sides nelson mandela, 1992. Nationalisation in the reasons to nationalise south africa. Wcml nationalisation of the mines 200 years of working.
The nationalization of the chilean copper industry, commonly described as the chileanization of copper spanish. Mine nationalisation disastrous for economy mmegi online. The case for the nationalisation of mineral resources the. The portsmouth telephone service was nationalised the. Hardships of living two lives mines 2002 susan straight sometimes it is very difficult to adjust to different environments especially when living in a socially unstable community. Ghana chamber of mines ceo toni aubynn said that countrys donor aid had dried up after it was reclassified as a lowermiddleincome country, and this forced the government to impose higher taxes on mining companies. Africanisation nationalisation and inequality download. Essentially, the objective is to ascertain the corporate medias role and influence on ideologyladen developmental policy discourses. Pdf a crtitical analysis of the proposed nationalisation. Historybackground ministry of coal, government of india.
Paragraph on the nationalisation of industry the college. Nationalization usually refers to private assets or assets owned by lower levels of government, such as municipalities, being transferred to the state. Click download or read online button to get nationalisation book now. Nationalization is the act of taking assets into state ownership. Kitso mokaila told parliament this week that nationalisation of the mines would negatively affect the countrys mineral investment. The freedom charter was clear on the demand that the mines, the banks, big business and the land should become the property of the people. The nationalisation of the mining sector is an argumentative topic in our country at the moment. He is a former political prisoner and leader in the anc and sacp. If nationalisation is to be successfully implemented various prerequites and conditions are required, and these need to be clearly defined and stated. Click download or read online button to get africanisation nationalisation and inequality book now.