Nationalisation would harm the mining industry, Mineral Resources Minister Susan Shabangu told business yesterday. “The minister confirmed that nationalisation would be harmful to the mining industry specifically, and to the economy broadly, and that [it] is not a policy consideration,” the SA Chamber of Commerce and Industry (Sacci) said. After the minister addressed a Sacci breakfast, chamber chief executive Neren Rau said: “She also confirmed that the state-owned mining entity would compete on an equal platform with the rest of the industry.” The ANC has suggested the adoption of a policy that rejects “wholesale nationalisation” in favour of “strategic nationalisation”, according to recently released recommendations of its national policy conference in June. The ANC said it favoured state intervention in the minerals sector, with a focus on beneficiation or transforming minerals into a higher-value product. – Sapa