Nationalizing South Africa’s Platinum Mining Industry

IBTimes reported political leaders in South Africa are moving to nationalize the nation’s largest mining sector–platinum.

As quoted in the market news:

He claims that such a measure would relieve unemployment (which is estimated to be as high as 40 percent and much higher for youth); provide a more equal distribution of wealth in the country; and alleviate racial inequalities almost two decades after the fall of apartheid.

Click here to read the full IBTimes report.