Nationalisation of Mines in South Africa
30 September
201111
Word Count: 2500
Kopano Seopela
608S2360
08
Fall
SA Economy: Nationalising South Africa’s Mining Sector
Kopano Seopela
608S2360
Luyanda
Period 3 (09.25)
SA Economy: Nationalising South Africa’s Mining Sector
Economics 314
30 September 2011
Abstract
The purpose of the essay sets out to look at the concept of nationalisation, research it and discuss whether it is an applicable strategy to implement into South African policy. The importance of the essay is to highlight the future economic outcomes which could incur in South Africa should it be adopted and also look at possible alternative strategies instead of nationalisation. The issue was addressed by making use of lecture notes, unpublished speech addressed, e-journals, online content, textbooks and economic literature. Conclusions drawn from this essay is that nationalisation is a concept which it’s costs exceed the benefits and with South Africa’s current capabilities, it is not ideal to implement – however a partnership with mining companies and the State could alleviate some of the problems South Africa has.
PLAGIARISM DECLARATION
1. I know that plagiarism means taking and using the ideas, writings, works or inventions of another as if they were one’s own. I know that plagiarism not only includes verbatim copying, but also the extensive use of another person’s ideas without proper acknowledgement (which includes the proper use of quotation marks). I know that plagiarism covers this sort of use of material found in textual sources and from the Internet.
2. I acknowledge and understand that plagiarism is wrong.
3. I understand that my research must be accurately referenced. I have followed the rules and conventions concerning referencing, citation and the use of quotations as set out in the Departmental Guide.
4. This assignment is my own work, or my group’s own unique group assignment. I acknowledge that copying someone else’s assignment, or part of it, is wrong, and that
201111
Word Count: 2500
Kopano Seopela
608S2360
08
Fall
SA Economy: Nationalising South Africa’s Mining Sector
Kopano Seopela
608S2360
Luyanda
Period 3 (09.25)
SA Economy: Nationalising South Africa’s Mining Sector
Economics 314
30 September 2011
Abstract
The purpose of the essay sets out to look at the concept of nationalisation, research it and discuss whether it is an applicable strategy to implement into South African policy. The importance of the essay is to highlight the future economic outcomes which could incur in South Africa should it be adopted and also look at possible alternative strategies instead of nationalisation. The issue was addressed by making use of lecture notes, unpublished speech addressed, e-journals, online content, textbooks and economic literature. Conclusions drawn from this essay is that nationalisation is a concept which it’s costs exceed the benefits and with South Africa’s current capabilities, it is not ideal to implement – however a partnership with mining companies and the State could alleviate some of the problems South Africa has.
PLAGIARISM DECLARATION
1. I know that plagiarism means taking and using the ideas, writings, works or inventions of another as if they were one’s own. I know that plagiarism not only includes verbatim copying, but also the extensive use of another person’s ideas without proper acknowledgement (which includes the proper use of quotation marks). I know that plagiarism covers this sort of use of material found in textual sources and from the Internet.
2. I acknowledge and understand that plagiarism is wrong.
3. I understand that my research must be accurately referenced. I have followed the rules and conventions concerning referencing, citation and the use of quotations as set out in the Departmental Guide.
4. This assignment is my own work, or my group’s own unique group assignment. I acknowledge that copying someone else’s assignment, or part of it, is wrong, and that
References: BISSEKER, C (2010). Policies Narrow the Gap. Financial Mail. [Online] Available: http://www.fm.co.za/Article.aspx?id=110818 [Accessed 20 September 2011] CHANG, R., HEVIA, C., and LOAYZA, N COCLOUGH, C and McCARTHEY, S. (1980). The Politcal Economy of Botswana: A Study of Growth and Distribution. London, United Kingdon: Oxford University Press. Gillespie, A. (2007). Foundations of Economics (1e). Great Clarendon Street, Oxford: Oxford University Press. Godsell, B and Spicer, M., (2011). Engaging with the ANC Youth League on Nationalising the Mines. Business Leadership. Keaton, G., (2011). South African Economy 314 Lecture Slides. Unpublished Economics 314 Lecture Slides. Grahamstown: Department of Economics, Rhodes University. MALEFANE, M., (2010). Nationalisation scaring investors: NUM. Times Live [Online]. Available: http://www.timeslive.co.za/sundaytimes/2011/07/03/nationalisation-scaring-investors-num [Accessed 21 September 2011] MALEMA, J Matthews, C. 2010. The Jobs Tests. Financial Mail [Online]. Available: http://www.fm.co.za/Article.aspx?id=125160 [Accessed on 23 September 2011] Marais, J McNULTY, A. 2010. Nationalisation: The International Case. Many Cons, Too Few Pros. Financial Mail [Online]. Available at: http://www.fm.co.za/Article.aspx?id=123063 [Accessed 20 September 2011]. MICHE, J and PADAYACHEE, V MOHR, P., FOURIE, L., and ASSOCIATES. (2008). Economics for South African Students. (4e). South Africa: Van Schaik Publishers. PAPE, J. (2010) Economics: An Introduction For South African Learners (1e). Cape Town, South Africa: Juta & Co. Ltd. PRINCE, N., (2010). Nationalisation will Pay For Free Studies [Online]. (Updated) 6 October 2010) Available at: http://knol.google.com/k/norman-creaney/how-to-use-the-harvard-style-of/1hzaxtdr9c09g/14# [Accessed 20 September 2011]. Times Live. 2010. Partnership not nationalisation: De Beers [Online]. Available at: http://www.timeslive.co.za/business/2010/10/08/partnership-not-nationalisation-de-beers [Accessed on 21 September 2011].