Monday, June 20, 2011

Nationalisation of mines to affect the economy

Lusanda Bill
20 June 2011


Standard Bank economist Johan Botha says the nationalisation of mines will have a negative effect on the economy.

This follows ANC Youth League leader Julius Malema’s stressing that nationalisation is an integral part of the League’s policy.

Malema made the comment at the ANC Youth League's elective conference which ended on Sunday.

Botha says the South African market is highly dependent on mining as one of the country’s main industries.

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