On Nationalisation for the Christian Science Monitor
From the moment that African National Congress Youth League leader Julius Malema uttered the word “nationalization,” South Africa’s media and business community have spoken of little else. The reaction has been swift and negative, with dire warnings that any attempt to wrest ownership of South Africa’s rich mineral resources away from its powerful mining houses would be the beginning of the end for foreign investment and for the South African economy in general. Mr. Malema didn’t stop at mines, of course, but also spelt out his vision for a radical economic transformation that...
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