A short while back, Malema began a restless tirade to call for the nationalisation of mines and land (and even banks) across South Africa, insisting that it will become ANC policy (which the ANC itself had vehemently denied). Can anyone spell communism? This what he believes:
“Mines should be nationalised in order to achieve the fol lowing purposes:
- Increase the budget of the State for social development purposes, e.g. Health, Education, Rural development, fight against crime and job creation.
- Lay a very firm basis for the country’s minerals to be locally beneficiated and industrialised.
- Change the South African economy from over‐dependence and reliance of exporting of natural resources and importing of finished goods and services.
- Create new economic centres of development outside of Johannesburg, Durban and Cape Town.
- Could improve the working conditions and salaries of Mine workers.
2. The government revenue that is generated from taxes will not be able to build better lives for all South Africans . Government cannot solely rely on taxes to deliver better services to majority of our people. South African will not be able to deal with the housing backlog, free education access, better healthcare, safety and security, employment of particularly youth if we are not in control of the key and strategic sectors of the South African economy. The wealth of South Africa should benefit all who live in it.
- It is an open secret that ordinary workers in Mines are the least beneficiaries of mining in South Africa either as recipients of salaries and stakeholders in mining. Mineworkers in South Africa are underpaid and work under difficult conditions and unsafe Mines. Their workplaces and socio‐economic existence expose these workers to fatal diseases and accidents. Nationalised Mines should be beacons of safer working environments and better working conditions, as they will not be in narrow pursuit of profits at the expense of community and human development.
- With State ownership and control of Mineral Resources , South Africa will be able to attract industrial investors, who will contribute to the growth of the economy, transfer skills, education and expertise to locals and give them sustainable jobs . It can never be correct that an absolute majority of the Mineral s we produce is exported to other countries, with very little efforts to build internal capacity to beneficiate these minerals.
- Nationalisation of Mines will lead to greater local beneficiation, industrialisation, growth of the economy and jobs for majority of our people. The industrial strategy adopted by government will never succeed unless we have State control and ownership of the natural resources .
- We need metals, iron ore, gold, platinum, COAL, chrome, manganese and many other minerals to industrialise. South Africa’s skills development efforts should be dynamically (not exclusively) l inked to the industrialisation of minerals wealth.
- Although related to the above component, it is important to highlight the fact that the South African economy as i t currently stands bears strong features of all colonial economies. Primarily, all colonial economies were positioned as sources and reserves of primary goods and services for the colonisers ’ economies.
- Post political independence, many i f not all post colonial economies continued to function and operate in the same manner colonisers designed them—exporters of primary commodities and importers of finished goods and services . This pattern has a direct impact on the sustainability of post colonial economies as they are heavily reliant on the demand of their goods and services by former colonisers and bigger market economies.
- Nationalised Mines ought to lead to a Spatial Development Framework that should necessarily decentralise development.
- Areas such as Sekhukhune, Rustenburg, Burgers fort, Emalahleni have far greater economic potential because of the mineral resources underneath the soil. These should be deliberately developed, beneficiated and industrialised to enhance and harness economic and human development in these territories .”
Aside from the badly written points above, this is the just of what he believes, and was lifted directly off his site. The problem with nationalising, to state the obvious, is that the private sector would take a major hit, as would freedom that stems from the dissolution of communist Russia. All he’s doing is using pretty language to follow Mugabe’s footsteps.