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nationalisation of mines in south africa pdf

Nationalizing South African mines: an enonomic assessment

Nationalization is high on the policy agenda in South Africa. This paper considers the case for nationalizing the local mining sector from an evidence-based perspective, which is derived from theoretical considerations and related to the known features of the South African mining sector and economy. A strong case against nationalization

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The impact of the proposed nationalisation of South

1.2. Background to the proposed nationalisation of South African mines Since 2010, the ANCYL has fuelled the debate around the nationalisation of mines in South Africa. Many debates and forums have been recently organised in South Africa to discuss the level of State intervention in the mining industry, the expropriation of

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Nationalisation of mineral rights in South Africa

Nationalisation of mineral rights in South Africa 127 minerals. The right granted to the third person could apply in general or only in respect of a particular category of minerals. It was not uncommon in South Africa for landowners to separate their ownership of the land from mineral rights, for example by retaining the mineral rights relating

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Nationalization and Mining: Lessons from

for mining engineers. This will leave South Africa unskilled, uncompetitive, and begging for international buyers for the now rundown mines, with nothing but ruined assets to sell. As Zambia has shown, one decade is not enough time to recover from confusing the role of the State with that of private capital. If nationalization is the only way

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Policy implications of the nationalisation of mines in

The proposal to nationalise mines is a contentious issue in South Africa. There are those who argue for, while others against, the proposal. Furthermore, the role of government in this process is relatively unclear. The study investigates the proposed nationalisation of mines and probable policy implications for South Africa.

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Corporate Media and the Nationalisation of the Economy in

This thesis analyses the representation of the nationalisation of mines debate, as a developmental policy discourse, by the South African corporate media. Essentially, the objective is to ascertain the

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Keynote Address: Strategic implications for the platinum

The impact of South African mine nationalization on the PGM industry There is much speculation as to the kind of damage such a nationalization in South Africa could do to the global mining industry: the loss of the reserve base, in particular for PGMs, would cripple the market, sending metal prices sharply upwards and ultimately forcing end

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Advantages and disadvantages of nationalising mines

Nationalisation would create panic among foreign investors. South Africa has a history of state owned enterprises that haven’t been very successful, this would place more doubt in the mind of the foreign invertor. The mining sector, after nationalisation, could take a very long time to boast a profit.

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Nationalisation Of The Mines In South Africa Economics Essay

Currently South Africa is one of the most unequal societies in the world and nationalisation will bridge the gap between rich and poor. In addition, nationalisation leads to the government playing a more active role in distribution as private enterprises do not always consider the welfare of

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(PDF) Nationalizing South African mines: An enonomic

Nationalization is high on the policy agenda in South Africa. This paper considers the case for nationalizing the local mining sector from an evidence-based perspective, which is derived from

More

TOWARDS THE TRANSFER OF MINERAL WEALTH TO THE

14. From the mid 19 th century to now, South Africa developed to discover many other mineral resources. The department of Mining’s South Africa’s Mineral Industry 2007/08 booklet says that, “South Africa is a leading world supplier of a range of minerals and mineral products of consistently high quality. In 2005, about 55

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(PDF) A Crtitical Analysis of the Proposed Nationalisation

A Crtitical Analysis of the Proposed Nationalisation of Mines in South Africa in Light of South Africa's International Law Obligations

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Nationalisation of mineral rights in South Africa

Nationalisation of mineral rights in South Africa 127 minerals. The right granted to the third person could apply in general or only in respect of a particular category of minerals. It was not uncommon in South Africa for landowners to separate their ownership of the land from mineral rights, for example by retaining the mineral rights relating

More

Nationalization and Mining: Lessons from

for mining engineers. This will leave South Africa unskilled, uncompetitive, and begging for international buyers for the now rundown mines, with nothing but ruined assets to sell. As Zambia has shown, one decade is not enough time to recover from confusing the role of the State with that of private capital. If nationalization is the only way

More

The South African Mining Sector: An Industry at a Crossroads

Mines of South Africa 2012b, pp. 6-7). It was during that down period of 2008 to 2011 that today’s pressing issues of underperformance, labour disputes, nationalization, and the debate around the

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South Africa OECD

first time in South Africa’s 130-year mining history, that mineral rights are vested with the state. The main purpose of the Minerals and Petroleum Bill is to set out how South Africa can manage its mineral resources in a way that will bring about transformation in the mining industry. The new mining legislation, which

More

The Future of Mining in Africa Navigating a Revolution

South Africa this includes the recent mining charter, whereas the rest of Africa is working through issues from nationalisation through taxation amendments. Managing the complexity requires creating value beyond compliance. The third domain is centred on impacts that transitioning to a digital mine will have on the socio-economic wellbeing

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(PDF) Nationalisation: A case study of Zambiaer title

the stated aim s of nationalisation in South Africa and other countries indicates a need for advocates of nationalisation here to think again, to ret urn to the

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Nationalisation Of The Mines In South Africa Economics Essay

Currently South Africa is one of the most unequal societies in the world and nationalisation will bridge the gap between rich and poor. In addition, nationalisation leads to the government playing a more active role in distribution as private enterprises do not always consider the welfare of

More

PRIVATISATION AND NATIONALISATION

• Nationalisation of a private corporation by mean of purchase of shares (at market price, by mutual agreement) is a financial transaction, to be recorded in the financial account. Recommendation 2: sale of non-financial assets

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SOUTH AFRICA Alternative Needed to Nationalisation and

Privatisation and nationalisation have failed the working class: the collectivisation alterna-tive has a demonstrable and inspiring history of direct “workers’ control” and accountability, of Alternative Needed to Nationalisation and Privatisation: State Industries like South Africa’s ESKOM show

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Nationalisation in South Africa A debate that will

Dec 03, 2011 THE nationalisation of mines in South Africa is a costly, high-risk proposition that should be adopted only as a last resort, an independent panel of

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Why SA needs nationalisation by EFF-led government

Oct 27, 2013 The programme of nationalisation represents a shift in the economic policy of South Africa as currently proposed by the EFF. This is a radical policy shift to the left and this often displeases the majority of opponents of the EFF’s economic policy

More

(PDF) Nationalizing South African mines: An enonomic

Nationalization is high on the policy agenda in South Africa. This paper considers the case for nationalizing the local mining sector from an evidence-based perspective, which is derived from

More

Nationalisation of mineral rights in South Africa

Nationalisation of mineral rights in South Africa 127 minerals. The right granted to the third person could apply in general or only in respect of a particular category of minerals. It was not uncommon in South Africa for landowners to separate their ownership of the land from mineral rights, for example by retaining the mineral rights relating

More

Nationalization and Mining: Lessons from

for mining engineers. This will leave South Africa unskilled, uncompetitive, and begging for international buyers for the now rundown mines, with nothing but ruined assets to sell. As Zambia has shown, one decade is not enough time to recover from confusing the role of the State with that of private capital. If nationalization is the only way

More

South Africa OECD

first time in South Africa’s 130-year mining history, that mineral rights are vested with the state. The main purpose of the Minerals and Petroleum Bill is to set out how South Africa can manage its mineral resources in a way that will bring about transformation in the mining industry. The new mining legislation, which

More

Mining Sustainable Development

Mining Historically, South Africa has been a leading global supplier of minerals and mineral products, and it retains an important role in mining and minerals demonstrated by 55 minerals being produced from some 1113 mines in 2005. Mined product is sourced from open-cast,

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The Future of Mining in Africa Navigating a Revolution

South Africa this includes the recent mining charter, whereas the rest of Africa is working through issues from nationalisation through taxation amendments. Managing the complexity requires creating value beyond compliance. The third domain is centred on impacts that transitioning to a digital mine will have on the socio-economic wellbeing

More

Mining Minerals Sustainable Development Southern Africa

PO Box 37357 Birnam Park 2015 South Africa Tel & Fax: +27 11 646 4962 E-mail: [email protected] Mining Minerals Sustainable Development Southern Africa

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PRIVATISATION AND NATIONALISATION

• Nationalisation of a private corporation by mean of purchase of shares (at market price, by mutual agreement) is a financial transaction, to be recorded in the financial account. Recommendation 2: sale of non-financial assets

More

Alternative Needed to Nationalisation and Privatisation

Feb 10, 2013 Big “Western” powers used nationalisation regularly: Britain had nationalised coal mines, BP, Rolls Royce; the US nationalised some railways and banks; Park Chung Hee’s rightwing South Korean dictatorship nationalised banks, railways and other sectors; Brazilian dictator Getúlio Dornelles Vargas used nationalisation, and industries were

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Corporate Media and the Nationalisation of the Economy in

Corporate Media and the Nationalisation of the Economy in South Africa: A Critical Marxist Political Economy Approach By MANDLA J. RADEBE A thesis submitted in fulfilment of

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The state of mining in South Africa Opportunity lost or

seems that South Africa is perceived internationally as a country that is ‘unstable’, from a regulatory and labour perspective and that the threat of nationalization cannot be ignored. The combination of these factors will only increase the already high cost of mining in South Africa. Not all doom and gloom Whilst South Africa may be considered

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Why SA needs nationalisation by EFF-led government

Oct 27, 2013 The programme of nationalisation represents a shift in the economic policy of South Africa as currently proposed by the EFF. This is a radical policy shift to the left and this often displeases the majority of opponents of the EFF’s economic policy

More

Mining Sector Wages in South Africa

2.5 Has the Collective Bargaining in South Africa Evolved Over Time (Pre- and Post-apartheid Periods)? 12 2.6 Weakness of the Wage Determination Process in South Africa 14 3. WAGES IN THE SOUTH AFRICAN MINING SECTOR 17 3.1 Worker Remuneration as a Percentage of Total Company Costs 17 3.2 Mining Wages in South Africa: A Sectoral Comparison 21

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THE PROPOSED NATIONALIZATION OF MINES IN SOUTH

THE PROPOSED NATIONALIZATION OF MINES IN SOUTH AFRICA A CRITICAL ASSESSMENT 1 Clive Coetzee General Manager: IGR Unit Economist [email protected] 033 8974538 “The Brazilian state has assumed the role of an entrepreneur not for

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