Mining

Mining

Reuters|

03 July 2009 17:12

Cosatu calls for nationalisation of mines

Article tools

Print article
Send to friend

Cosatu supports calls by ANC youth league for the mines to be nationalised.

JOHANNESBURG (Reuters) - South Africa's powerful trade union federation COSATU said on Friday it wants the government to consider nationalisation of mines in the world's largest producer of platinum.

COSATU, which has nearly 2 million paid-up members in the country of around 47 million people, said in a statement it supports a call by the ruling African National Congress' youth wing for the country's mines to be nationalised.

It said its call would back up the nation's Freedom Charter, and was in line with its own resolution declared in 2006, which called for "more equitable ownership, especially collective ownership through the state... of mining and other commanding heights of the economy as provided in the Freedom Charter".

The charter calls for equal rights and equal share of wealth with the country's white population.

ADD YOUR COMMENT

Name:
Surname:
Email:
Subject:
Comment:

Similar articles

Articles with the same people

Articles with the same company

JSE TODAY
NEED MORE INFORMATION? Please leave your details and we'll get back to you. information supplied by Nedbank Online Share Trading
All Share
Daily indicators
Winners & Losers
All share
JSE Quickprice

Blogs

Splitting Hairs

Online ad spend in US expected to beat print in 2010

But SA is still woefully undervalued.

Money matters

Monday morning fly-half

Lessons from sportspeople for fund managers.

Small caps

The almighty interest rate

The repo rate, asset prices, and immortality.