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SA bilateral investment treaties may prevent mine seizures
A final draft version of a report that the Mail & Guardian has seen calls for strategic - as opposed to wholesale - nationalisation. The reports warns that wholesale nationalisation, debated at the ANC's policy conference last week, will face many hurdles because of the range of bilateral investment treaties South Africa has signed, experts pointed out.
The draft report according to the Mail & Guardian, which will feed into the final policy positions taken at the ANC's Mangaung conference, recommends a greater role for the state-owned mining company, more beneficiation, including instruments such as targeted export taxes to support this aim, and efforts to ensure the competitive pricing of key resource inputs.
The report also calls for bold forms of intervention in the economy such as "state ownership, including more strategic use of existing stated-owned companies, as well as strategic nationalisation where deemed appropriate on the balance of evidence," the Mail and Guardian reports.
Read the full article on mg.co.za
