Should South Africa nationalise its gold supply?

[Aragorn]

Many nations around the world are beginning to realize these may be the last days of the hegemony of the U.S. dollar. Venezuela has already passed a law requiring 70% of gold produced in Venezuela be sold domestically and 60% must first be offered to the Central Bank of Venezuela:

VHeadline.com - Venezuela has the cajones to do first what many other nations will soon be doing

Should South Africa and other African gold producing countries do the same? It looks like a very good idea to me.

[Im The Truth]

Yes, all African nations should nationalize their goods. Of course only when a decent administration is in place.

[Langalibalele]

WTF? Nationalize South African mines? HELL NO, YOU DON'T KNO? Azanians need to COLLECTIVIZE the mines, keep the corrupt government out of the people's business. Operate the gold, diamond and platinum mines on a communal basis. Miners work in a cooperative run by a union. The government has a half stake, but not complete national control over the mines, and no private interests. Municipalities and townships in the region have stakes as well with limits on salaries and wages. THAT is what should be done. I don't trust the ANC government.

[rebelAfrika]

As that GREAT son of Africa (Ahmed Seku Ture) cautioned us, "the problem in Africa is economic, but the solution to the problem is political." If you don't understand what I'm saying, I'm saying that nationalizing the gold in Azania/South Africa is putting the cart in front of the horse.

[Aragorn]

Originally Posted by Langalibalele

WTF? Nationalize South African mines? HELL NO, YOU DON'T KNO? Azanians need to COLLECTIVIZE the mines, keep the corrupt government out of the people's business. Operate the gold, diamond and platinum mines on a communal basis. Miners work in a cooperative run by a union. The government has a half stake, but not complete national control over the mines, and no private interests. Municipalities and townships in the region have stakes as well with limits on salaries and wages. THAT is what should be done. I don't trust the ANC government.

You make a very good point here. The mines should be owned/operated collectively by all the workers as 100% "equal partnership". But, realistically, a partial(maybe 40% or so) government stake wouldn't be bad so long as it goes to the S.A. Central Bank to increase gold reserves and off-set the country's dependence on U.S. dollar which is a neo-colonial/imperial tool of control.

Sometimes compromises still have to be made until neo-colonialism is defeated entirely.

[Langalibalele]

No doubt seizing the mines off of the bloodsucking white nationalists is a step in the right direction and, as Nkrumah stated as well, "Seek ye first the political kingdom."

[Sadiku]

Most definitely. With out a doubt. This is a no brainer. Sorry for putting it so bluntly, but it is what it is. I had to state it emphatically so. But the key is is that the zionists jews control the gold in south africa as they control the resources of most countries around the world. They will put up a holy fight if you try to wrest control of the diamond, gold, and platinum mines from them. Don't forget about the copper, cobalt, titanium, uranium and other "strategic" and valuable minerals that are in South (and southern) Africa. Nationalize all of those mines too. All of them were seized and stolen, through trickery, deceit, and out right theft from the indigenous peoples of of South (and southern) Africa.

[Aragorn]

Originally Posted by Langalibalele

No doubt seizing the mines off of the bloodsucking white nationalists is a step in the right direction and, as Nkrumah stated as well, "Seek ye first the political kingdom."

I hope someone can urge President Zuma and the ANC to do this immediately.

[Aragorn]

South Africa still can't shake off imperial grip as ANC snubs its youth representatives and keeps maintaining economic apartheid

ANC rejects call to nationalise mines - Mail & Guardian Online: The smart news source

[Aragorn]

In renewing the call for South Africa's long-delayed nationalization of S.A.'s mining industry, Julias Malema of the ANC Youth League, along with Castro Ngobese of the Young Communists could be the two brightest hopes for South Africa to finally free itself from the yoke of western capitalist neo-colonialism and South Africa's white elite economic apartheid:

Will South Africa reclaim its mines? - Mail & Guardian Online: The smart news source

(following the article, scroll down to the comment by Thembo Ndou which sums it up very nicely)

[Aragorn]

Mantashe calls for ideas on nationalisation of mines - Mail & Guardian Online: The smart news source