ANCYL Proposing Nationalisation of Minerals in Bid for Economic Freedom

Mining Weekly reported that the African National Congress (ANC) Youth League intends to propose nationalisation of several minerals, including manganese, as a way towards economic independence

Mining Weekly reported that the African National Congress (ANC) Youth League intends to propose nationalisation of several minerals, including manganese, as a way towards economic independence.

As quoted in the market report:

We will further call for the renationalisation of Sasol, ArcelorMittal and Kumba [Iron Ore] as strategic assets that should be under the stewardship of the state for the broader benefit of all South Africans,” said ANCYL head of communications Khusela Sangoni-Khawe.

To view the whole Mining Weekly report, click here.