disadvantages of south africa nationalizing the mining sector
Advantages and Disadvantages Of State Owned Enterprises
They protect the consumers from being exploited by private enterprises by offering them a cheaper and better alternative. Another advantage that a nation derives from state owned enterprises is the fact that they create jobs for the people. State owned enterprises help the government to control certain strategic sectors of the economy.
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The impact of the proposed nationalisation of South …
to discuss the level of State intervention in the mining industry, the expropriation of private mining companies and/or the transfer of mineral wealth to the …
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Keynote Address: Strategic implications for the platinum …
There is much speculation as to the kind of damage such a nationalization in South Africa could do to the global mining industry: the loss of the reserve base, in particular for …
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The impact of the proposed nationalisation of South African …
South Africa. Many debates and forums have been recently organised in South Africa to discuss the level of State intervention in the mining industry, the expropriation of private mining companies and/or the transfer of mineral wealth to the people. The nationalisation debate has created a bleak future for investment in the …
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Nationalising South Africa's central bank isn't bad per se: just …
South Africa's governing party, the African National Congress (ANC), recently adopted a resolution to nationalise the country's central bank. The move comes on the back of calls for government ...
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Nationalising South Africa's Mining Sector Economics
In nationalising the mining sector in South Africa, the State government believes it would have the capabilities of attracting labour-intensive mining industrialists who will process mineral resources and diversify the South African economy. Advantages of Nationalisation Currently in the post-Apartheid era, South Africa hasn't achieved much ...
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The globalization of the South African mining industry
BECSA's total production in FY2013 was 30.4 Mt, a decline of over 40% compared to the FY2007 level. South32's subsidiary South Africa Energy Coal now operates four coal mines (Khutala, Klipspruit, Middelburg, and Wolwekrans) and three processing plants. Total production in FY2015 was 34.3 Mt.
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Nationalisation of the mining industry : workers' views at Lonmin
This study focuses on the views of mine workers with regards to the proposed nationalisation of mines in South Africa. A vast body of literature already exists about nationalisation, workers experiences in the workplace, their attitudes and the advantages and disadvantages of nationalisation; however, research indicates that there is a gap in …
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Nationalisation Of The Mines In South Africa Economics …
Another disadvantage of nationalisation is a reduction in the corporate taxes received by the government which could result in the South African citizen paying more taxes in the …
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MINING IN SOUTH AFRICA: THE CHALLENGES AND THE …
Mining in South Africa: the challenges and the opportunities 2 September 2016 18 • Non-gold mining sector can grow at 3-5% pa, resulting in more balanced country growth rate (double size of non-gold mining by 2028). • If mining had grown at same pace as rest of economy between 1994 and 2013, country's growth rate would have been 4% (not 3.2%)
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Tough choices facing the South African mining industry
This paper characterizes some of the big, difficult decisions faced by the mining industry in the South African context, and discusses how these decisions could be approached in a fact-based and robust way. Keywords: Strategy, choices, community, social impact, scenarios, portfolio optimization, adaptive cost management, stakeholders, innovation.
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Violence adds to uncertainty for South African mining
Pressure is high for Ramaphosa's administration to reassert the global competitiveness of the nation's mining sector. In 2020, South Africa came 60th out of 77 jurisdictions in the Fraser Institute's Annual Survey of Mining and Exploration Companies report, fourth bottom out of 13 African countries while Botswana topped Africa's list ...
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To Nationalize or Not? The Pros and Cons of South …
Cons: Nationalizing the mines could significantly decrease foreign investment in South Africa's mining industry, as investors would see their investments at risk with government ownership of the industry.
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Nationalizing South African mines: an economic …
But this model has some obvious limitations. An entire society cannot prosper this way: there are too few farms to go around and too few labourers, and the gains of some seem …
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disadvantages of nationalising mining sector south africa
The nationalisation of mines means that the control of ownership and mining activities such as extraction, ... Nationalisation to transform South Africa's unequal spatial development pattern. Disadvantages of the nationalisation of mines are as follows: Inefficiency due to lack of competition. Kills the private sector.
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Nationalizing South African mines : an economic assessment
Nationalization is high on the policy agenda in South Africa. This paper considers the case for nationalizing the local mining sector from an evidence-based perspective, which is derived from theoretical considerations and related to the known features of the South African mining sector and economy. A strong case against nationalization emerges, …
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Nationalization in the Mining Industry: A Long and Varied History
The history of nationalization in the mining industry is a complex narrative of nations' efforts to control their natural resources and economic destiny. From the nationalization of the oil industry in Mexico to the takeovers of the copper industry in Africa, nationalization has influenced the course of economies and sparked debates …
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Nationalisation of the South African Reserve Bank
However, nationalising the South African Reserve Bank may place government at a disadvantage, especially if they make promises that go against the best international practices adopted by the ...
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sbm/sbm nationalizing the zambias mining sector.md at main
Contribute to brblmd/sbm development by creating an account on GitHub.
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Nationalizing South African mines: An enonomic …
A strong case against nationalization emerges, which can be summarized as follows. The mining sector is competitive and therefore a poor candidate for public ownership.
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The globalization of the South African mining industry
South Africa's mining industry has undergone drastic changes since the 1980s. There has been a persistent decline in the economic viability of the most important sector and the …
ادامه مطلبMining in Africa: How Inclusive Solutions Can Mitigate Risk
The mining industry faces considerable challenges, including a combination of burgeoning commodity demand, finite existing supply, and rapidly rising commodity prices. Africa offers an area full of potential, but also poses substantial risk to mining companies, both below and above the ground.
ادامه مطلبA History of Gold Mining in South Africa, Ghana and Tanzania
Post-Apartheid, South Africa's mining sector legislation was also amended in response to declining revenues from the industry, as shown in Fig. 3.3. In 1998, the government released a white paper titled 'A Minerals and Mining Policy for South Africa', which noted the need to manage South Africa's minerals for the benefit of all its ...
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Trends in productivity in the South African gold mining industry
Figure 4 shows the average recovered gold grade for South African mines from 2004 to 2013. The steady decline in gold grades is evident in Figure 4. The graph shows a decrease from 5.15 g/t in 2005 to 2.91 g/t in 2013. This combination of declining resource grades, declining gold price, and increasing cost - the key value drivers - severely ...
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Advantages and disadvantages of nationalising mines
Disadvantages of nationailsation Nationalisation would create panic among foreign investors. South Africa has a history of state owned enterprises that haven't been very …
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Transportation and Economic Development in Botswana: …
in the Republic of South Africa. The situation in the transportation sector was no different. A railway ran through the country and functioned as a link in the southern African rail network. The railway was used mainly by traffic between South Africa and the Rhodesias (Zimbabwe and Zambia) and the Belgian Congo (Zaire).
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Investment in mining crucial to ensure continued
South Africa's mining sector delivered a solid financial performance for the 2020 and 2021 financial years with value delivered to all stakeholders despite the current challenging pandemic ...
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All That Glitters is Not Gold: Turmoil in Zimbabwe's Mining Sector
Multilateral bodies and South Africa should include assessment of the mining sector in their appraisals of Zimbabwean reform. Development of the gold sector is crucial if Mnangagwa's government is to salvage prospects for Zimbabwe's economic recovery from decades of stagnation under the late President Robert Mugabe.
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impact of privatization in zambia.pdf
The first point of contention that this paper will elaborate on is the negative impact of privatization on the mining industry on the lives of Zambians. The copper mining industry employs over 40 000 Zambians directly and contributes over 10 percent to the national GDP. The mining industry has contributed approximately $652 US million in ...
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Mapping the rise of resource nationalism in Africa
Zambia. Copper contributes just shy of 65% of Zambia's total gross exports and was marked by Verisk Maplecroft as one of the riskiest countries for resource nationalism following on from the country's attempted liquidation of Konkola Copper Mines (KCM). In February this year, a Zambian court threw out a motion by Indian mining firm …
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