Why does malema want to nationalise mines

One way of countering nationalisation would be to offer mine workers shareholding in mining operations, noted Malema. Following the expropriation of all land, the State, as custodian, would review applications for year leases, from black and white people, as well as foreign companies, to use the land in a manner that would benefit South Africa.

Malema lauded President Robert Mugabe for expropriating land from white farmers in Zimbabwe, but not the violent manner in which it was done.

He said the willing-seller, willing-buyer principle required willing sellers, of which he believed there were few on the market. The nationalisation of banks as a policy statement was more centred around the creation of a State-owned bank, providing affordable loans, than targeting the existing big banks, Malema added.

In answering a question of increased State involvement in the economy when considering the woeful financials of a number of State-owned entities SOEs , he noted that private companies also failed, and did so at regular intervals.

Malema noted that the EFF was a proponent of a strong education system, that could be bolstered by private companies and the State providing bursaries to young South Africans to study at the best universities abroad. This is your home. Provide your input into how the cake can be divided to benefit everyone.

We do not seek black dominance, we seek equality. The party was not willing to enter into a coalition with the ANC or the current official opposition, the Democratic Alliance, to manage any municipality, he added. To subscribe email subscriptions creamermedia. At the same time the Minerals Council urged government to consider emergency tax incentives and other smart-tape measures to encourage private-sector investment in energy generation to build on the recent raising of the license free cap to MW.

Sign up for our FREE daily email newsletter. Advertising on Polity. Email advertising creamermedia. He presided over the murder of our people and therefore he must step down. Not even apartheid government killed so many people From today, when you are asked 'Who is your president', you must say 'I don't have a president'. There were cheers from people whose votes the ANC can no longer take for granted after 18 years in government.

It was the promises of a militant union that stirred violence at Marikana, where the ANC-aligned National Union of Mineworkers has been losing support. Malema hopes this will be mirrored on the national stage, where he accuses the ANC of failing to pursue economic freedom as it did political freedom, leaving millions of black people poor and disenfranchised.

He wants mines to be seized from private companies and nationalised. But on the surface people who don't do anything in offices are earning more than us. Siphiwo Gqala, 25, said he sometimes spends up to 14 hours a day underground but does not receive overtime pay. Big vehicles can come and kill you. One of my friends is still missing. I don't know if he's in the hospital or the mortuary. The impact on the community will be far-reaching, added Gqala, who lives in a shack because house rentals are too high.

If someone has five children, how will they live? I have two young brothers depending on me. What if I die? Who's going to look after them? The conditions leave people like Gqala looking for radical solutions.

We support Julius Malema and the youth league for saying the mines must be nationalised. Mr Motlanthe, who is also the ANC's second-in-command, made clear that the party would not pursue - now or in the future - a policy to nationalise the country's mines.

This follows a report last month that concluded nationalisation was not a good option for South Africa. Mr Malema says he is being persecuted for standing by that position, and saying President Zuma should be replaced as the ANC leader. But correspondents say Mr Malema's combative, populist style has angered many in the party. The deputy president said it was not up to him to comment on whether Mr Malema would play a leadership role if he makes a political comeback.

But he said he hoped that Mr Malema would "grow into a better person" as "any setback also offers time for reflection". The country, which saw the end of white minority rule in , is the world's biggest platinum producer and a major gold and diamond producer.

Analysis: Malema expulsion clears the path for Zuma.