Public Enterprises Minister says nationalization is not necessary
By Lelethu Mquqo
15 August 2011
Public Enterprises Minister Malusi Gigaba says the nationalisation of mines is not the solution to South Africa’s economic transformation challenges.
In an interview in Pretoria, Gigaba emphasised that nationalisation poses a number the risks.
Gigaba says he believes all the concerns raised about the South African economy can be dealt without resorting to nationalisation
Meanwhile, Gigaba says black-owned enterprises remain sidelined in getting support and work contracts, even from the government.
On the sidelines of an engagement with the Black Firms Forum, Gigaba says he hopes the trends will now change as government wants to work with the previously marginalized communities and award them lucrative contracts.