THE IFP Youth Brigade has joined in to express its discontent over the ANC Youth League's planned march to the Chamber of Mines and the JSE next week, describing them as continued succession infighting within the ANC ahead of its Mangaung elective congress.
"These marches are opportunistically calculated to advance the infighting within the ANC as it approaches it's 2012 conference," IFP Youth Brigade national chairman Mkhuleko Hlengwa said.
"The ANCYL is flexing its muscles to fight President (Jacob) Zuma at the collective expense of economic growth, development and stability.
"It is regrettable that the ANC succession battle is now a matter that will cripple business confidence.
"The creation of jobs needs both government and business to combine their efforts and work together and these marches put that much- needed public-private partnership at serious risk."
The youth league plans to march to demand the nationalisation of mines and an equal share in the country's mineral resources and job opportunities for young people.
"These planned marches are unnecessary and the Youth Brigade condemns them in the strongest possible terms because they will cause economic anxiety in a country that is in desperate need of job creation and economic growth," he said.
"The ANCYL is taking all of us for a bumpy ride towards destroying our economy and future."
Hlengwa said the IFP Youth Brigade, coming out of its 31st National Conference, noted with grave concern the "ill-conceived advocacy of the nationalisation of mines by the ANC Youth League as a cure for South Africa's chronic unemployment and poverty, and that nationalisation as an economic policy has failed to address redistribution of wealth in every country where it has been put to test".
"We need to put an end to this nationalisation debate. Nationalisation is not an option that we can afford to take as South Africa as a means of economic transformation and redress," he said.
"We must put emphasis on the creation, development and consolidation of strong micro socio-economies, such as co-operatives and formalising informal traders; as opposed to embarking on unnecessary macro-economic transformation that is hell-bent on benefiting the elite."
Hlengwa stressed that these calls were not necessitated by a genuine desire to transform the economy but rather they seek to further land South Africa in an exclusively elitist economy.
"The people of South Africa run the grave risk of being plunged into serious abject poverty if they allow friends and cronies to exercise control of mines," he said.
"State entities are poorly run and it would be foolishness of the worst kind to nationalise mines that form the backbone of our economy because they too would be subjected to the same maladministration as other state entities.
"Nationalising mines would weaken the growth prospects of our economy."
ANC youth faces stiff opposition
THE IFP Youth Brigade has joined in to express its discontent over the ANC Youth League's planned march to the Chamber of Mines and the JSE next week, describing them as continued succession infighting within the ANC ahead of its Mangaung elective congress.
"These marches are opportunistically calculated to advance the infighting within the ANC as it approaches it's 2012 conference," IFP Youth Brigade national chairman Mkhuleko Hlengwa said.
"The ANCYL is flexing its muscles to fight President (Jacob) Zuma at the collective expense of economic growth, development and stability.
"It is regrettable that the ANC succession battle is now a matter that will cripple business confidence.
"The creation of jobs needs both government and business to combine their efforts and work together and these marches put that much- needed public-private partnership at serious risk."
The youth league plans to march to demand the nationalisation of mines and an equal share in the country's mineral resources and job opportunities for young people.
"These planned marches are unnecessary and the Youth Brigade condemns them in the strongest possible terms because they will cause economic anxiety in a country that is in desperate need of job creation and economic growth," he said.
"The ANCYL is taking all of us for a bumpy ride towards destroying our economy and future."
Hlengwa said the IFP Youth Brigade, coming out of its 31st National Conference, noted with grave concern the "ill-conceived advocacy of the nationalisation of mines by the ANC Youth League as a cure for South Africa's chronic unemployment and poverty, and that nationalisation as an economic policy has failed to address redistribution of wealth in every country where it has been put to test".
"We need to put an end to this nationalisation debate. Nationalisation is not an option that we can afford to take as South Africa as a means of economic transformation and redress," he said.
"We must put emphasis on the creation, development and consolidation of strong micro socio-economies, such as co-operatives and formalising informal traders; as opposed to embarking on unnecessary macro-economic transformation that is hell-bent on benefiting the elite."
Hlengwa stressed that these calls were not necessitated by a genuine desire to transform the economy but rather they seek to further land South Africa in an exclusively elitist economy.
"The people of South Africa run the grave risk of being plunged into serious abject poverty if they allow friends and cronies to exercise control of mines," he said.
"State entities are poorly run and it would be foolishness of the worst kind to nationalise mines that form the backbone of our economy because they too would be subjected to the same maladministration as other state entities.
"Nationalising mines would weaken the growth prospects of our economy."
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