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Feasibility Of Nationalizing The Zambia

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nationalizing the zambias mining sector

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Feasibility of Nationalising the South African Mining Sector

“Zambia nationalised the copper mines, which supplied 90% of its exports, in the early 1970s. It ended up hiring back the multinational copper companies to manage them” (News24, 2010). Zambia is the world’s 11th largest producer of copper.

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Feasibility of Nationalising the South African Mining Sector

Zambia nationalised the copper mines, which supplied 90% of its exports, in the early 1970s. It ended up hiring back the multinational copper companies to manage them (News24, 2010). Zambia is the world s 11th largest producer of copper. The mines were nationalised in 1969 and at this time were exporting about 700 000 tonnes of copper per annum.

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Feasibility of Nationalising the South African Mining Sector

Nationalization is the operation of reassigning ownership from the private sector to the populace sector. Harmonizing to the curate of finance. Mr Pravin Gordhan stated on the March 14. 2011 that nationalization of South Africa’s mines and other economic assets are non authorities policy.

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They argue that the rationale behind the takeovers in Zambia was an ideological commitment to the control of the economy, stating that; the populist and socialist ideology of Zambias ruling party, the United National Independence Party (UNIP) made the nationalization of the private sector inevitable.

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