Nationalisation will never empower misguided youths
IT SADDENS me to see our youth following the path of self- destruction.
The shameless youth are clueless about the realities of economic freedom in their lifetime. They are willing to sell their souls to antiquated policies such as nationalisation
I spoke to youth leaders from Namibia and they gave me a tongue lashing on South Africa's youth leadership. They said youth leaders in this country had failed and outdated ideas.
Nationalisation is in essence communism, which has dismally failed the world on a larger scale than capitalism.
This country seriously lacks good leaders from the youth upwards.
Nationalisation destroys jobs. It is a success in Botswana because it is an equal partnership between the government and De Beers and they both share the profits and losses equally.
The youths always scream about our resources, but forget that it costs money to take the resources out of the earth. A lot of investment is needed in mining, but many governments fail to invest. A typical example is Aurora Mine, where there was never any interest in investing in that mine. They only benefitted from the resources and therefore the operation became unsustainable.
You can grab the resources for a while, but soon you will have to invest millions to get the resources out of the earth. Without investment, you are fighting a losing battle.
I have often asked economic-freedom youths who have little regard for education how they hope to be emancipated by the nationalisation of banks and mines?
Organisations like National Empowerment Fund, Gauteng Enterprise Propeller, Industrial Development Corporation and so on assist true soldiers of economic emancipation.
Land, bank and mine grabs will never emancipate anyone.
Youths who follow Julius Malema and company have no future .
Many black folk own land in previously white areas. Why are we targeting arable land? Is the land issue only confined to farms, so that eventually we have fewer farmers?
Many of our youths even envy Zimbabweans for owning banks, farms and land, but sadly the Zimbabwean child is living in dire circumstances.
Only the elite benefits from grabs in Zimbabwe. Can the youth not see the wrong happening in Zimbabwe?
Are they willing to sacrifice this beautiful country for poverty, joblessness, diseases and nationalisation?
To create more jobs, the government must clip the wings of Cosatu that is hellbent on protecting worker rights at all costs.
Nationalisation has the worst track record. If we think unemployment is high now, wait until the mines have been nationalised.
Thandeka Khoza,by e-mail