Independent Newspapers
Raymond Ackerman - founder of Pick n Pay. Photo: Leon Nicholas.
Pick n Pay founder Raymond Ackerman says he is opposed to nationalisation as government's role was not to run companies.
“I don't believe even the government wants nationalisation,” Ackerman said on Thursday when interviewed on CNBC in Cape Town.
He went on to say that SA had plenty of opportunity, that it had a strong constitution and would not go the way of Zimbabwe.
“We have a wonderful constitution that would protect us from the likes of the ANCYL (African National Congress Youth League),” he said.
The ANCYL has been calling for nationalisation of the mining and banking sector.
Several government ministers have recently come out in opposition to nationalisation including mining minister Susan Shabangu and public enterprises minister Malusi Gigaba. - I-Net Bridge
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Anonymous, wrote
The whole nationalsation thing is a ploy by TS and others to lower share prices so they can buy them up cheap!
Unzzz, wrote
Anonymous, wrote
Oscar Mpilo, wrote
Pick n Pay founder Raymond Ackerman must understand that we are not going to nationalise HIS Pick n Pay, he is already rich anyway, we are nationalising MINES for the coming generations
hellogolf, wrote
Pres.Zuma is named 5% in public medias vs Malema 95%.Investing counties reading the news and decide to move further.no investments no jobs for sa.nationalisation means immediate cash into malemas pocket. guys in the townships wake up and dont let fill the private trusts of malemas and zuma family with cash.stand up against them and you will get a job from people like Raymond Ackerman.
Titanic, wrote
Fact is that the government want nationalisation, not to improve the lives of the people or to make SA a better place, but as another way to enrich THEMSELVES ! Does anyone honestly think that they care about anyone other than themselves ?
Klein Baas DD, wrote
Groot Baas Abie - am I the only person here who is battling to figure out what you are trying to say?
Anonymous, wrote
GROOT BAAS ABIE, wrote
Give the people what htey want and settle the dispute.If we are in a democratic country, then the only quick solution is to nationalise 50% and privatise 50% of the mines and key industries now.After 4 years lets there be a referendum, where citizens can either vote years or no to privatization. STOP BEING DICTATORS, you are all just a tiny minority with the ANC ministers added. Currently we are under privatization, are the masses benefiting? THe answer is no.Stop being like the America and the United Nation which preach democracy,but allowed America to go and invade Iraq, Afghanistan and Milosevic without their approval.Up to so far what has privatization delivered to the masses.It favours fat cats.Raymond Ackerman is an example.How many workers lost their jobs at south african railways when it was privatised.Could anyone please answer me.Aurora mines own by the Zuma and MANDELA, HOW MANY EUROPEANS and ANC fat cats ARE AFFECTED BY HARD WORK NO PAY.Are these mines not privatized?If they are privatized,then now they should be nationalized.I AM DAMN SURE THAT ALL THE WORKERS WOULD RECEIVE THEIR SALARIES.
Anonymous, wrote
Nationalisation would never work, look at parastatals, all bankrupt. JZ dances to the tune of the ANCYL baby squad. SA needs a real president.
shane, wrote
TOKYO3991, wrote
@JSC... Mbeki is a leader, Zuma sways whichever way the wind blows, the two cannot be compared. Nationalisation will never see the light of day, despite the laughable Toddler Squad's considerable efforts to enrich themselves even further. On the contrary, public enterprises will be privatised to unlock wealth. Malema, Miyeni and their thuggish groupies will be defeated and fade away into blissful inconsequence.
Anonymous, wrote
JSC, wrote
Pity our president is so quiet over the issue. Another Mbeki? Silent diplomacy or spineless?
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