South Africa: ANC Policy Conference, Day Three - Partial Nationalisation of Mines On the Cards

analysis

A week of high drama at the ANC policy conference could end with a highly controversial resolution on the nationalisation of mines. While the resolution could have far-reaching consequences for South Africa's economy, it is already causing a fallout within President Jacob Zuma's camp in the ANC.

The ANC could decide on today to introduce limited nationalisation of mines in South Africa as part of the "radical shift" in economic policy the party is pushing for. The party's policy conference, wrapping up in Midrand this afternoon, could opt for 30% state ownership of mines, based on discussions at the commission dealing with state intervention in the mining sector.

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