Skip to comments.Malema’s radical talk unsettles business (South Africa. ANC wants to nationalise mines)
Posted on 06/30/2011 5:35:44 PM PDT by dynachrome
SAs business community has been rattled by vociferous remarks on nationalisation and land expropriation by Julius Malema, the re-elected president of the African National Congress (ANC) Youth League .
Mr Malemas calls for more radical measures to address inequality and poverty are being seen as harmful to investment in the country, as they fuel uncertainty over economic policy. There is also deep concern that his aggressive stance against the leadership within the ANC, coupled with his growing influence, will destabilise the countrys leadership.
"There has been a dramatic rise in uncertainty which may or may not translate into risk," said Iraj Abedian, MD of Pan African Investment and Research.
"Investors in the best of times dont like uncertainty as it reduces their degree of freedom and ease of making decisions, especially long- term decisions that require huge capital to be committed for a long period of time."
Business executives said the most contentious issue was nationalisation, which Mr Malema insists will become ANC policy. He is calling for the nationalisation of both mines and banks in SA.
(Excerpt) Read more at businessday.co.za ...
Same guy called whites “criminals” last month. http://www.freerepublic.com/focus/f-news/2719812/posts
Unless someone caps that commie, SA will go the way of Rhodesia.
One of the malema leghumpers replies to the article at the site. Look for violence against whites to increase:
Moodiela wa Molobedu, Bolobedu South On: Jun 21 2011 9:43AM
Aghast and vanysen, you both are confused demagoguesand buffonery lumpens. How dare you accuse Malema when he articulates resolutions of the ANCYL Conference? You seem to be confused and lost in translation because of your unguided and barbaric hatred of Malema. Stop fooling yourselves and prepare for the radical revolution of young people in South Africa. We are the Economic Freedom Fighters in our Lifetime! We are the future, no one can stop us! You ignore us, you do so at your own peril! We do not want investment that inpoverish the masses of our people whether be it local or foreign. We do not care about an economic growth that is failing to create jobs and fight poverty and unemployment. Nationalization of mines and banks among other key sectors of the economy are is inevitable! We are not confused by a few elites who masquerade on media forums of this nature as self imposed spokespersons of our downtrodden masses who live in cacophony and quagmire. Watch this space! Moodiela Mathobela
Looking good. I had an acquaintance from SA. He owned his own business and was shipping out the max in cash every year that he was allowed to. I believe that it was $10K a year per person. He utilized his entire family for that effort. That was back in 1995 or 6. I lost contact with him and have no idea what became of him, his family or his plan to leave SA.
Its already done, like Obama’s seeds.
The world is going to need bunch of round up!
Stupid south Africans have no idea what rights, freedom, liberty and democracy mean. NO idea.
The monkeys can do some of the actions, and they can parrot some of the words, but like monkeys, the project and its meaning will be lost.
Hope he got out. I am shocked that there are still white farmers in zimbabwe.
Flippin retards. So they run around seizing capital and start partying on their successes.... what businessman, black or white will open up business and employ capital when it can be raided....looted on a moments notice?
Whoever knows anything, whoever has any capital will be looking for the door.... black or white...zebras too! Then watch the fools mire in their own crap.
“We do not care about an economic growth that is failing to create jobs and fight poverty and unemployment.”
You’re right, Moodiela. Much better to run whitey out of town and enjoy economic collapse. Maybe you can get Mugabe to loan out his finance minister to you. With your economic genius and his experience, imagine the depths to which South Africa can descend for the downtrodden!