tpaz

I am still waiting for the radical change
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MicaParis

I respect Comrade Godongwana so much, the cadre is very intelligent even though he stole the 100 million textile pension money and resign!
He made a meaningful contribution on ANC policy documents he is one of our head and very educated as well, he is the brainchild of the ANC economic and literacy firebrand accolades. I agree with him, we have to approach nationalization from the ground not through radical change as that might badly injure our economy and believe me we do not want to be like Zimbabwe! We need clean build up ascending plan which will not empty our pockets by bankrupting the Government funds and the economy. We cannot instantly nationalize because of simple three concept, lack of funds to buy the already occupied land as legally in South Africa you cannot expropriate land without paying for it and the improvement made on it, for instance to buy a tourist attraction center like Hermunus in Cape you must have money to buy the land and tourism improvement made which include those hotels and beach cottages believe you me is very expensive! Secondly we do not have skills to manage those huge institution, what will happen if you take De Beers mining Company and you give it to Julius Malema or Beki Cele to run as a Political Deployee, what will happen , I am just giving example and you can judge. Lastly we do not have experience to run those institutions if you fail to run a Local Municipality which employ 200 employees who are working locally in one town, how will you run Anglo American a Company which have more than 800 CEO's all over the world! I have not yet talked about millions of employees who are working for it. Obviously those institutions will be bankrupt by corruption and wrong cadreship deployment and guess what will happen to the economy because lots of tax base is coming from private sector. Results! There will be loss of tax base to pay the social grants, money to pay the Government employees because Government does not make profit and finally they will be no funds for provision of service delivery projects!, IS THAT WHAT YOU WANT BY UNPLANNED NATIONALIZATION? WE WILL NATIONALIZE BUT AT THE CORRECT TIME WHEN THE ECONOMIC FOUNDATION, SKILLS AND RELEVANT LEGAL PLATFORM IS THERE TO NATIONALIZE!
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FarCeSpotter

Hi Tpaz,

The only radical change is then revolution - which is very destructive. We will be the only country in the world where there is affirmative action for the majority and where the majority needs to institute a revolution to improve their position. What does that say about the citizens and the ANC government.

But the hard truth is we need to grow our economy from a gross domestic product of R850 billion (estimate) to R6trillion to 10 trillion in order to give our population a decent standard of living. Now if you think the government is going to make a policy change that will have that effect you are not sane. The same if you think a revolution will have that effect.

Look at Zim. They have been independent for since 1980, and have had a majority government since then. Yet they are worse off now than ever. Even with radical changes and light revolutions (land grabbing).

It is time that we realise that in order to get wealthy we have to become skilled at something and work hard. No radical change will make us rich. Not all the minerals or all the land will make 50million people rich overnight. Whoever believes that Malema's plans will have any effect on the poor is sadly mistaken.

What we need to is to think differently: How are we going to allow people to participate economically? that is the only way that we can get to to improve things. People have to get a far better education to empower them to run and start businesses. etc.


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RobinH

""We have been running this country for 18 years. Our macro-economic management speaks for itself," HA HA HA HA HA HA HA!!!! Hold me down before I wet myself.
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Bumboklaat

We have been running this country for 18 years. Our macro-economic management speaks for itself," Godongwana said.

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Yeah?! more like our pockets speak for themselves!
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Bolander

Robin/Bumboklaat - it is in actual fact true - our financial management under Pravin Gordhan and Trevor Manual has actually been brilliant! Pity we cant say that about the rest!
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RobinH

Bolander. Gordhan I'll buy, but fatcat Trevor.... Never. Besides, they are two of how many irresponsible nincompoops?
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MicaParis

FarCeSpotter
Hi Tpaz,

The only radical change is then revolution - which is very destructive. We will be the only country in the world where there is affirmative action for the majority and where the majority needs to institute a revolution to improve their position. What does that say about the citizens and the ANC government.

But the hard truth is we need to grow our economy from a gross domestic product of R850 billion (estimate) to R6trillion to 10 trillion in order to give our population a decent standard of living. Now if you think the government is going to make a policy change that will have that effect you are not sane. The same if you think a revolution will have that effect.

Look at Zim. They have been independent for since 1980, and have had a majority government since then. Yet they are worse off now than ever. Even with radical changes and light revolutions (land grabbing).

It is time that we realise that in order to get wealthy we have to become skilled at something and work hard. No radical change will make us rich. Not all the minerals or all the land will make 50million people rich overnight. Whoever believes that Malema's plans will have any effect on the poor is sadly mistaken.

What we need to is to think differently: How are we going to allow people to participate economically? that is the only way that we can get to to improve things. People have to get a far better education to empower them to run and start businesses. etc.
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You are sport on Comrade, we need comments like these which are educational and historically based, now you have just brought a plan and solution to employ when dealing with people empowerment, risks that we must take and a plan to create job opportunities, spot on congratulations Comrade your GDP example and comment is dully noted and very brilliant, keep it up and blog regularly we need those brains, please Comrade they are very rare!! Where is MammoC!?
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Makhosini0408

Morning ALL
"He said that despite a poor record with many state-owned firms, the party wanted to expand the role of a state mining firm and give it preferential treatment.

Start efficiently running SOE, then we will believe you and by the way, what happened to Alexkor?
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Dzel

Godongwana also assured foreign mining houses the ANC did not intend to introduce export taxes on minerals.

Why not Mr Minister?

What china has done is they know they hold a monopoly on the production of rare earth minerals – raw material for computer components like microchips – and have passed laws to exploit their unique position. They tax exports heavily and give incentives for companies that choose to produce their wares in China, this in turn drives employment and earnings per capita and the companies in question pay taxes so they have solved a number of problem by adopting this policy.

In South Africa most of the beneficiating happens outside of South Africa so we export steal for example to countries like Japan where they have no natural resources but sell us back the finished product. How does this benefit ordinary South Africans and how are you going to create jobs when we do not have the guts to pass laws that ensure this happens?

We need to be careful of begging-bowl capitalism where you band backwards for international markets and trading conditions are imposed on us. We have the resources so we have a right to determine under which conditions are we going to trade these resources.

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