Posts Tagged ‘ ANC ’

The Disaster in waiting: South Africa Considers Nationalizing Mines

The Disaster in waiting: South Africa Considers Nationalizing Mines

  By John Galt June 29, 2011 While the Euro turns, the miners might be getting ready for Communist burns. The South African business newspaper, Business Day, has started a special in-depth series on the threat by the African National Congress (ANC) to nationalize the mining industry in that country due to inequalities of ownership and benefits to the citizens as a whole. This is the typical communist clap-trap when profits are strong and the economy begins to falter because of mismanagement by political parties…

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