If all the attention and brainpower being applied to squeeze more money out of the mines could be applied to stemming the R30bn annuual outflow through theft, wastage, and corruption, SA would be a better place for all. It doesn't help to keep trying to fill a leaking bucket. FIX THE LEAK FIRST. It also won't help to stifle the media for pointing out the leaks!

Report this

Doesn't Manual understand that the mere investigation of the feasability and possibility of nationalisation as possible ANC policy will cause huge investment uncertainty and investors will look elsewhere. The ANC through this whole nationalisation spectre is guilty of sabotaging the SA economy. Economic terrorism.

Report this

@vtm .... zuma and his [allegedly] corrupt anc cronies promise the people job in theire election campaigns and now they can not deliver cos all they were doing was lying .... let me tell you something my friend ... south africa would of been by far a much better country had the DA been running it since the countries independence .... in any case ... the same black people that government keeping on reminding to blame aparthied are now being let down by the anc itself cos of [alleged] corruption, lies, greed, incompetence, waste etc .... they are incable and have no knowledge of what they are doing ... only thing that they know how to do is [allegedly] steal ... so how do you even blame contain a rampant crime situation when the biggest criminals in the country are in the anc government. But the people like fools after seeing how useless the anc really is,they still vote for the anc ....

Report this

"Manuel said it was critical that sensible taxation exists to extract rent from the industry and invest in South Africa's development." And there is the problem - in the second half of the sentence! ANC is ALREADY doing very well extracting rent, but it is PATHETIC at the "investing in South Africa's development" part.

Report this

... said a lone voice out in the dark!

Report this

@la looting continua-- You have your figures slightly wrong, the auditor general's report for 2011 said that more than R20 billion rand of taxpayers money had gone missing during 2011 alone and the ex head of the Special Investigating Unit the ANC stalwart Willie Hofmeyr had the audacity to reveal to parliment that this ANC led government at all levels are losing R30 billion rands per annum of taxpayers money through negligence, incompetence, wastage, corruption, and theft. One week later Hofmeyr was fired by Zuma and replaced for two weeks by Heath. Think of how much looting there will be once the secrecy cover-up bill is enacted finally by Zuma. Ironically the initial charge of the bill to parliment was led by ex apartheid member of parliment Landers who probably led similar disgraceful legislation on behalf of PW Botha's apartheid regime.

Report this

The "a looting must stop continuing"

Report this

Goverment will not provide al of us with jobs,we need entrepreneurs.People must think than sitting on their asses and looking at Zuma to provide...*Pissed*

Report this

What does Manuel do for his fabulous salary and massive tax free perks. I am serious here. He is not a member odf parliment but he has some vague job alongside Patal in the presidency? I am not being sarcastic here. What are they actually planning. They talk about doing something by 1930 but what about now? I must admit that i am biased because i have always believed that Manuel is probably the biggest bull s..... in government.Ofcourse the opther one is the richest dedicated stalinist communist in the world Blady Nzimande

Report this

Got no hope in anything the goverment does or says, whatever positive results that come out they benefit 95% and we the real public benefit 5%

Report this

The previous comment is naive and insulating to the large swaths of unemployed people who would jump at the chance to work. The issueof nationalisation of mines is related to a spent political force clutching at sound bites which they feel wil assist their cause. It silly uniformed comments like the previous which act to continue to give this type of political rhetoric it's power, as it veils a view of a large group people in our country as lazy and by extension responsible for their own poverty situation, please if you are going to use this medium to speak out take some time to think!!!!

Report this

Our constitution prevents the ANC gov from nationalising the mines but they can tax the mines to death, the same way they are taxing the people to death who are working hard and who are supporting the other lazy 60%, who are living of grants, crime and are looting the tax coffers ...

Report this

more than 3 billion tax money was looted from the government coffers in 2011. Instead of increasing taxes AGAIN, they should stop the looting!

Report this

South Africa's biggest problem is unemployment, driven in part by the belief that you should be able to sit on your behind & like magic, the government will give you money for doing nothing. That's what those who favour nationalization think as well. That they'll just be able to sit at home and receive cheques in the post for doing absolutely nothing. The world doesn't work like that. The only reward for laziness is poverty, monetarily and spiritually.

Report this