Home
Search results “Nationalising the mining sector in south africa”
Nationalisation Debate: South Africa's Mineral Resources Equivalent to One Million Rand per Citizen
 
19:36
Talking about the nationalisation debate in South Africa in relation to the mining sector, black economic empowerment (BEE) expert Duma Gqubule explains that the value of untapped mineral resources in South Africa's is US$4.7 trillion. Put differently, the value of these mineral resources is worth one million Rand per South African citizen. Gqubule argues that the mistake our country made in relation to BEE was to set a target of 25% for black people. By definition, a black empowerment transaction will only benefit a few black people. There has to be more that you take from this industry for the country as a whole, he contends. Gqubule is interviewed by Fazila Farouk of the South African Civil Society Information Service.
Views: 5674 SACSIS
Economic Impact of Nationalising SA Mines
 
10:40
Research performed on companies that were members of the Chamber of Mines from 1951 to 2011 reveal exactly where the revenues from gold mining activity have gone.
Views: 275 CNBCAfrica
Nationalising SA Mines with Dr. Paul Jordaan - Part 1
 
13:39
(www.abndigital.com) The future of mines has come under intense scrutiny in recent months following the debate in the African National Congress over whether or not to nationalise mines in South Africa. SA President Jacob Zuma previously reiterated that the ANC had no plans to nationalise mines despite efforts by the ruling party's youth league for a change in policy. So just what kind of policy change is on the cards in this all important sector of the economy? Joining ABN's Karima Brown in studio to discuss the issue is one of the authors of the ANC's report into the minerals sector Paul Jordaan.
Views: 1473 CNBCAfrica
South Africa debates mine nationalisation
 
02:17
Subscribe to our channel http://bit.ly/AJSubscribe Subscribe to our channel http://bit.ly/AJSubscribe South Africa's government says it has ruled out wholesale nationalisation of the mining industry. President Jacob Zuma has promised there will be greater state intervention and possibly strategic nationalisation of certain minerals. The African National Congress party will decide on how to get more out of the country's mineral wealth at its five yearly elective conference this week. Tania Page reports from Limpopo, South Africa. At Al Jazeera English, we focus on people and events that affect people's lives. We bring topics to light that often go under-reported, listening to all sides of the story and giving a 'voice to the voiceless.' Reaching more than 270 million households in over 140 countries across the globe, our viewers trust Al Jazeera English to keep them informed, inspired, and entertained. Our impartial, fact-based reporting wins worldwide praise and respect. It is our unique brand of journalism that the world has come to rely on. We are reshaping global media and constantly working to strengthen our reputation as one of the world's most respected news and current affairs channels. Social Media links: Facebook: https://www.facebook.com/aljazeera Instagram: https://instagram.com/aljazeera/?ref=... Twitter: https://twitter.com/ajenglish Website: http://www.aljazeera.com/ google+: https://plus.google.com/+aljazeera/posts
Views: 1861 Al Jazeera English
South Africa debates industry nationalisation
 
02:26
Subscribe to our channel http://bit.ly/AJSubscribe Subscribe to our channel http://bit.ly/AJSubscribe South Africa's ruling party -- the African National Congress, or ANC -- is meeting this week to decide how it wants to shape the country's future. There's been fierce debate in the build-up to the conference over whether the country's mines, banks and land should be nationalised. The governing African National Congress accepts that policy has failed. But with eighty percent of land still in the hands of whites, the rate of change - however unsuccessful - is just too slow for some who want land, mines and the reserve bank nationalised. It's this type of talk that's led to hundreds of white commercial farmers moving to neighbouring countries. South Africa is mineral rich. The mining sector accounts for more than half of all exports. But investors are nervous, and now companies are hoarding near record amounts of cash as they wait to see what the ANC decides. Even if wholesale nationalisation is off the table business leaders say the ANC's proposal to increase taxes will hurt. The ANC's Secretary-General says the situation can't continue the way it is now. Tania Page, Al Jazeera, Johannesburg. At Al Jazeera English, we focus on people and events that affect people's lives. We bring topics to light that often go under-reported, listening to all sides of the story and giving a 'voice to the voiceless.' Reaching more than 270 million households in over 140 countries across the globe, our viewers trust Al Jazeera English to keep them informed, inspired, and entertained. Our impartial, fact-based reporting wins worldwide praise and respect. It is our unique brand of journalism that the world has come to rely on. We are reshaping global media and constantly working to strengthen our reputation as one of the world's most respected news and current affairs channels. Social Media links: Facebook: https://www.facebook.com/aljazeera Instagram: https://instagram.com/aljazeera/?ref=... Twitter: https://twitter.com/ajenglish Website: http://www.aljazeera.com/ google+: https://plus.google.com/+aljazeera/posts
Views: 2048 Al Jazeera English
Calls increase to nationalise South Africa's mines
 
02:17
Subscribe to our channel http://bit.ly/AJSubscribe Striking miners in South Africa are calling for the nationalisation of private companies saying government control could end growing inequality between employees and their bosses. However, some worry that nationalisation would scare away foreign investment and be detrimental to South Africa's economy. Al Jazeera's Haru Mutasa reports on this controversial subject Johannesburg.
Views: 1410 Al Jazeera English
Africa's mining industry outlook 2017
 
55:54
Africa contains an estimated 30 per cent of the world's mineral resources. Natural resources have accounted for about 35 per cent of Africa's growth since 2000. Nonetheless, international investors and mining companies remain cautious, owing to Africa's never-ending challenges, including a lack of infrastructure, power and political instability, to name a few. On this CNBC Africa special we look back at 2016 and what trends we may see this year.
Views: 1358 CNBCAfrica
South Africa mining sector struggling
 
02:47
South Africa's once mighty mining sector is struggling under the weight of falling commodity prices, labour pressure for higher wages, and a tough international investment environment. Industry leaders have gathered in Johannesburg to thrash out strategies to stimulate the ailing sector.
Views: 136 CGTN Africa
Nationalisation in South Africa
 
02:52
Julius Malema thinks that like Zimbabwe, South Africa should embark on a massive nationalisation/land reform programme. Young Zimbabweans disagree with him. A young Zambian agrees.
Views: 546 YP IA
South Africa mining industry hit by job losses
 
02:24
South Africa’s government says this year will be a tough one for its mining industry. Job losses are set to continue into the thousands, with plummeting commodity prices forcing mining houses to drive down costs. Fahmida Miller reports from the biggest annual mining conference in Cape Town, where stakeholders are looking for a way forward. - Subscribe to our channel: http://bit.ly/AJSubscribe - Follow us on Twitter: https://twitter.com/AJEnglish - Find us on Facebook: https://www.facebook.com/aljazeera - Check our website: http://www.aljazeera.com/
Views: 968 Al Jazeera English
Impact of Nationalisation on SA's Equity Market
 
11:58
(www.abndigital.com) ABN's Bronwyn Nielsen and her team of commentators debate the impact of nationalisation of South Africa's mines and banks on our equity markets. On our panel: Sasfin's David Shapiro, Absa Capital's Craig Pheiffer, SACCI's Neren Rau and independent political analyst Nic Borain.
Views: 256 CNBCAfrica
Nationalisation vs Nationalism of SA Mines
 
10:19
In early July, the ANC's policy conference was billed as the final nail in the coffin for a drive to nationalise the country's mines. Now, resource nationalism is seen as the next threat to the global mining sector.
Views: 194 CNBCAfrica
Mining Analyst Peter Major on the future of mining industry in SA
 
02:54
Africa's biggest gold miner, AngloGold Ashanti, is planning to retrench eight-thousand-500 mine workers as part of its restructuring of its South African business. The world's third largest gold miner has started talks with unions to cut its workforce by a third as some gold mines have reached the end of their economic lives. The mining industry has been bleeding jobs since 2012. According to Stats SA, almost 50,000 jobs were lost between 2012 to 2015, mostly in the gold and platinum sectors. For more news, visit: http://www.sabc.co.za/news
Views: 856 SABC Digital News
Nationalising South Africa's Mines with Peter Leon
 
06:45
(www.abndigital.com) Talk of nationalising South Africa's mines has come into the spotlight again and ABN's Alishia Seckam discusses the issue with Peter Leon, Partner at Webber Wentzel Bowens.
Views: 721 CNBCAfrica
Nationalisation of African Mines
 
03:36
(www.abndigital.com) It is getting increasingly expensive to be a mining company in Africa as more and more nations sway towards nationalism, as a burning desire for control over natural resources by people and governments mounts. African nations are placing increasing taxes on mining as they fight for their share. In South Africa there has even been persistent talk of nationalisation.
Views: 834 CNBCAfrica
Transformation in SA Mining and Nationalisation
 
02:10
(www.abndigital.com) South African Mining Minister Susan Shabangu has taken the mining companies to task over transformation in the country's mining industry. Speaking at a nationaliszation debate in Sandton near Johannesburg, Shabangu said mining companies had to comply with black empowerment. ABN's Chris Bishop reports.
Views: 101 CNBCAfrica
Nationalising SA Mines with Dr. Paul Jordaan - Part 2
 
11:57
(www.abndigital.com) The future of mines has come under intense scrutiny in recent months following the debate in the African National Congress over whether or not to nationalise mines in South Africa. SA President Jacob Zuma previously reiterated that the ANC had no plans to nationalise mines despite efforts by the ruling party's youth league for a change in policy. So just what kind of policy change is on the cards in this all important sector of the economy? Joining ABN's Karima Brown in studio to discuss the issue is one of the authors of the ANC's report into the minerals sector Paul Jordaan.
Views: 328 CNBCAfrica
Nationalisation call based on mining being gem in SA cro
 
04:15
The underlying logic of the call to nationalise South Africa's mining industry was the mining sector's status as "a precious gem in our country's sovereign crown", Chamber of Mines (CoM) president Sipho Nkosi said in Johannesburg on Tuesday.
Views: 345 MiningWeekly
Chinese billionaire sees opportunity in South Africa's mining industry
 
03:26
A Chinese investor is hoping to profit from turmoil in South Africa's mining industry, Nkepile Mabuse reports. For more CNN videos, check out http://www.youtube.com/cnn/ Or visit our site at http://www.cnn.com/video/
Views: 16200 CNN
The Giant is Born 2
 
03:20
1. Expropriation of South Africa's land without compensation for equal redistribution. 2. Nationalisation of Mines, banks, and other strategic sectors of the economy, without compensation. 3. Building State and government capacity, which will lead to abolishment of Tenders. 4. Free quality education, healthcare, houses, and sanitation. 5. Massive protected industrial development to create millions of sustainable jobs including Introduction of minimum wages in order to close the wage gap between the rich and the poor. 6. Massive development of the African economy and advocating for a move from reconciliation to justice in the entire continent. 7. Open, accountable, corrupt-free government and society without fear of victimisation by State agencies.
Nationalisation will strip South Africa of remaining mining skills -- Gold Fields
 
02:30
If South Africa nationalises its mining industry, it will be stripped of its remaining mining skills, says Gold Fields CEO Nick Holland.
Views: 891 MiningWeekly
Mine nationalisation debate hurting SA -- Gold Fields
 
02:14
South Africa's mine nationalisation debate needs to end to give investors certainty, says Gold Fields CEO Nick Holland, with focus needed on youth employment. Video: Darlene Creamer
Views: 173 PolitySA
Mining in South Africa : An industry in crisis
 
02:39
South Africa's mining industry and its labour issues has been thrust into the world spotlight ever since the Marikana Massacre in 2012. In 2014 the focus has been firmly on the issues of wages as well as work and safety conditions across the different mining sectors. TVC News Correspondent Marcelle Gordon picked the brain of a leading mining industry analyst about the role of government in the increasingly hostile relationship between mining companies and their workers.
Views: 1743 TVC News
Nationalisation of the South African Reserve Bank:  Busi Mavuso
 
06:09
What is the BLSA's position on the discussions around the nationalisation of the SARB? CEO of BLSA Busi Mavuso speaks to SABC News… ANC Secretary General Ace Magashule said the party’s resolutions from Nasrec must be implemented, among them the nationalisation of the SARB within the next five years. Finance Minister Tito Mboweni, who is also the former Reserve Bank Governor, says the SARB does pursue a flexible monetary policy regime, and that the Monetary Policy Committee does take all factors into account. So there’s not anything that needs to be changed. For more news, visit: sabcnews.com
Views: 653 SABC Digital News
Mine nationalisation wrong, dangerous question to ask -- Shabangu
 
08:08
JOHANNESBURG (miningweekly.com) -- Asking whether South Africa should nationalise its mining industry was the wrong, dangerous question to ask in searching for the answer to South Africa's "evil triplets" of poverty, inequality and unemployment, said Mineral Resources Minister Susan Shabangu.
Views: 267 MiningWeekly
Nationalisation of Mines with Nic Borain
 
06:18
(www.abndigital.com) Long-running investor concerns about whether South Africa might nationalise its mines will be laid to rest at a ruling party conference later this month. The SA's Mines Minister Susan Shabangu said that there has been much speculation around nationalization, and this will be laid to rest in two weeks' time. ABN Lindsay Williams discusses the Nationalisation Mines issue with Independent Analyst, Nic Borain.
Views: 190 CNBCAfrica
ANC Mining Report Rejects Nationalisation
 
11:57
(www.abndigital.com) South Africa's ruling ANC party has officially submitted a report on proposed changes in the country's mining sector - these include a 50 percent tax on profits. Mine nationalization has been rejected as an "unmitigated disaster". The latter is good news on a topic that has clouded investment decision making for close on 3 years now but the proposal of a hefty tax will not be received positively by the mining community. Joining ABN's Bronwyn Nielsen is Freemarket Foundation's Leon Louw.
Views: 65 CNBCAfrica
Nationalisation will set SA back 30 years -- Baxter
 
04:26
JOHANNESBURG (miningweekly.com) -- Nationalisation of the mining industry would set South Africa back 30 years and would not solve the country's unemployment problem, Chamber of Mines chief economist Roger Baxter said on Wednesday.
Views: 344 MiningWeekly
Mandela and Neo-Liberal Economics in South Africa - Danny Schechter (2/3)
 
19:14
Mr. Schechter tells Paul Jay that under tremendous external pressure, the ANC gave up its plans to nationalize the mining sector watch full mulitpart http://therealnews.com/t2/index.php?option=com_content&task=view&id=832&Itemid=74&jumival=1136
Views: 4773 The Real News Network
Debate on the nationalisation of mines should continue 2
 
14:13
Ebrahim Fakir of the Electoral Institute of Southern Africa speaks with Polity's Amy Witherden on the principle, practicality and politics of the nationalisation of mines in South Africa.
Views: 1598 PolitySA
ANC youth on nationalisation of mines
 
00:39
ANC Youth League spokesperson Floyd Shivambu commenting on the Minister of Mineral Resources Susan Shabangu's rejection of the nationalisation of mines proposal.
Views: 6252 PolitySA
Second Take: South Africas mine nationalisation
 
07:01
Creamer Media's Shannon O'Donnell speaks to Mining Weekly editor Martin Creamer about the strident calls by South Africa's youth league's for the nationalisation of the country's mines.
Views: 1526 MiningWeekly
Nationalise SA Mines
 
01:01
Views: 366 AmandlaTV
Debate on the nationalisation of mines should continue 1
 
10:37
Ebrahim Fakir of the Electoral Institute of Southern Africa speaks with Polity's Amy Witherden on the principle, practicality and politics of the nationalisation of mines in South Africa.
Views: 769 PolitySA
Malema's march on Economic Freedom and Nationalisation of Mines
 
13:25
ANC Youth League President Julius Malema led a march on Economic Transformation from Johannesburg to Pretoria in South Africa. Filmed and Edited by Livhuwani Mammburu.
Views: 8634 Livhuwani Mammburuu
ANC mining policy should focus on 'capturing rents' not nationalisation
 
04:50
JOHANNESBURG (miningweekly.com) -- Strengthening the fiscal linkages to South Africa's mining industry through a new resource rents tax (RRT), which would effectively target super profits earned by domestic miners, was preferable to 'blanket nationalisation', which could not be pursued in the absence of compensation, a co-author of the African National Congress' (ANC's) 'State Intervention in the Minerals Sector' (Sims) report has argued.
Views: 77 MiningWeekly
South Africa to nationalise failing hospitals
 
02:16
Subscribe to our channel http://bit.ly/AJSubscribe Subscribe to our channel http://bit.ly/AJSubscribe The South African government plans to nationalise failing hospitals. It's part of an effort to improve healthcare and train medical staff. Al Jazeera's Tania Page reports from the rural Eastern Cape, where officials struggle to attract enough doctors and nurses. At Al Jazeera English, we focus on people and events that affect people's lives. We bring topics to light that often go under-reported, listening to all sides of the story and giving a 'voice to the voiceless.' Reaching more than 270 million households in over 140 countries across the globe, our viewers trust Al Jazeera English to keep them informed, inspired, and entertained. Our impartial, fact-based reporting wins worldwide praise and respect. It is our unique brand of journalism that the world has come to rely on. We are reshaping global media and constantly working to strengthen our reputation as one of the world's most respected news and current affairs channels. Social Media links: Facebook: https://www.facebook.com/aljazeera Instagram: https://instagram.com/aljazeera/?ref=... Twitter: https://twitter.com/ajenglish Website: http://www.aljazeera.com/ google+: https://plus.google.com/+aljazeera/posts
Views: 4150 Al Jazeera English
Duma Gqubule: International Best Practise in Nationalisation of Mineral Resources
 
18:23
On 13 March 2014, The South African Civil Society Information Service and the Friedrich Ebert Stiftung (FES) South Africa Office co-hosted a panel discussion, Beyond Nationalisation, which interrogated how South Africa's mineral resources could be exploited to bring greater benefit to the people of South Africa. The discussion was opened by Renate Tenbusch, the Resident Director of the FES South Africa Office and facilitated by Fazila Farouk, Executive Director of SACSIS. Duma Gqubule founder made an input which covered case studies of nationalisation from other parts of the world. He also critiqued South Africa's Mining Charter Other panelists at the event were Ronnie Kasrils, former Minister of Intelligence Services and Cosatu Strategist, Neil Coleman. Duma Gqubule is founder and director of KIO Advisory Services. He has an MA degree in economics from Aberdeen University in Scotland. He was co-author of the landmark BEE Commission report, which was presented to former president Thabo Mbeki in 2001 and paved the way for the country's current B-BBEE laws and policies. He is editor of a book: "Making Mistakes Righting Wrongs: Insights into BEE" and has served as a member of the Congress of South African Trade Unions Panel of Progressive economists. He has conducted extensive research on countries that have adopted nationalisation.
Views: 833 SACSIS
Mugabe: Zimbabwe to nationalise diamond mines
 
02:24
Zimbabwe's government is taking ownership of all diamond operations. President Robert Mugabe says that's because mining companies have robbed the country of its wealth. Al Jazeera's Haru Mutasa reports from Harare. - Subscribe to our channel http://bit.ly/AJSubscribe - Follow us on Twitter https://twitter.com/AJEnglish - Find us on Facebook https://www.facebook.com/aljazeera - Check our website: http://www.aljazeera.com/
Views: 2750 Al Jazeera English
Second Take: Mine nationalisation in Africa
 
05:39
Creamer Media's Shannon de Ryhove speaks to Mining Weekly editor Martin Creamer about mine nationalisation in Africa.
Views: 172 MiningWeekly
EFF manifesto to boost social grants and nationalise mines
 
02:28
For more on this and other stories please visit http://www.enca.com/ Tembisa, Gauteng - EFF leader Julius Malema says the ANC has failed the electorate over the last 20 years.Thousands of supporters attended the EFF's manifesto launch in Tembisa on Saturday. If it comes to power, the party says it will boost social grants and nationalise the mining sector among others.
Views: 7680 eNCA
Here’s why SA should to declare manganese a strategic mineral resource
 
05:28
The Afriforesight's 8th Commodities Conference was held today. It brought together mining industry experts from across the African continent and CNBC Africa's Rofhiwa Madzena caught up with Daphne Mashile-Nkosi, Executive Chairman at Kalagadi Manganese to talk about the industry in South Africa.
Views: 338 CNBCAfrica
Slow transformation fuels nationalisation debate -- Samda
 
02:17
Slow transformation in South Africa's mining industry has sparked, and is driving, the debate around the nationalisation of the country's mines, said South African Mining Development Association (Samda) chairperson Nchakha Moloi.
Views: 211 MiningWeekly
EFF vs DA | Nationalization Of Banks
 
18:22
Watch Debate in National Assembly: The motion of the EFF to nationalise banks without compensation MY AFRICA welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward. However, we will NOT condone the following: - Racism (including offensive comments based on ethnicity and nationality) - Sexism - Homophobia - Religious intolerance - Cyber bullying - Hate speech - Derogatory language - Comments inciting violence. We strive to make the YouTube (MY AFRICA) community a safe and welcoming space for all.
Views: 111440 My Africa
New South African mining charter requires locals to get 10% stake
 
01:50
South Africa unveiled a new regulatory charter for its mining industry on Thursday. Presented by Resources Minister, Gwede Mantashe, the third version of the charter requires miners to provide their local communities and employees with a free 10 percent stake of their firms. The charter raises the level of black ownership as expected to 30 percent from 26 percent, with 20 percent for black business interests and 5 percent each for communities and employees. Some companies may struggle to implement this, however unions say the move is needed to secure social peace. Mining operations in the world's top platinum producer which also exports gold, coal, diamonds and iron ore are flashpoints of social and labor unrest amid perceptions that the wealth flowing from the shafts does not benefit local communities Subscribe to us on YouTube: http://ow.ly/Zvqj30aIsgY Follow us on: Facebook: https://www.facebook.com/cgtnafrica/ Twitter: https://twitter.com/cgtnafrica
Views: 526 CGTN Africa
South African mining industry
 
04:16
A south African politician speaks about the mining industry in South Africa. The country is very rich in minerals like gold, diamonds, coal, chrome ore, iron ore and manganese ore.
Views: 1426 mineralbrokers