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teaching creative thinking d'Overbroeck's College

Nationalisation is the operation of teaching creative thinking d'Overbroeck's College transferring ownership from the private sector to teaching creative thinking d'Overbroeck's College, the public sector. According to teaching creative thinking d'Overbroeck's College, the minister of finance, Mr Pravin Gordhan stated on the March 14, 2011 that nationalisation of South Africa’s mines and other economic assets are not government policy. “Nationalisation of mines means the democratic government’s ownership and control of Mining activities, including exploration, extraction, production, processing, trading and beneficiation of Mineral Resources in teaching creative thinking d'Overbroeck's College South Africa”(ANCYL, 2010). Therefore this would mean that no mines would be publicly owned but they would be owned by the state. It has been sixteen years since apartheid and the white minority of 10% of the population owns 80% of the country’s economic wealth. The Freedom Charter is a document that expresses the essay writing questions shawnigan lake school, economic, social and political will of how to write an essay for university application the university of glasgow South Africans and according to how to write an essay for university application the university of glasgow, the document, the mineral wealth of critical thinking games kids city, university of london South Africa belongs to the people as a nation. “It is against this background upon which a concrete position on the teaching creative thinking d'Overbroeck's College, nationalisation of Mines is formulated in order to guide the ANC in the transfer of mineral wealth beneath the teaching creative thinking d'Overbroeck's College, soil to the ownership and benefit of the people as a whole” (ANCYL, 2010). teaching creative thinking d'Overbroeck's College! If the state owns the teaching creative thinking d'Overbroeck's College, mines it would allow them to manage the economy by controlling the important industries. They could also invest a larger amount of money and seo article writing jobs macewan university make their services more efficient. Nationalisation of teaching creative thinking d'Overbroeck's College the mines does not mean all sectors are in the hands of the country’s citizens and that they will benefit from all the sectors. It does not yet say anywhere what the ratio (between state owned and privately owned) of the division will be when nationalisations occurs, if it does. Therefore people shouldn’t think that the state will automatically have over half or a larger percentage. An important factor is whether nationalisation will be with or without compensation. Peer reviewed references University of Utah! It would almost be impossible to nationalise with compensation as the government currently doesn’t have the figure of about R 2-trillion which is how much it would cost to purchase the mines. How to write an essay for university application The University of Glasgow! But on the other hand, expropriation without compensation would cause a collapse of essay writing questions shawnigan lake school the Johannesburg Stock Exchange (JSE). This would bring down provident and pension funds at the same time. A large number of servants and citizens would be without their retirement investments as well (ANCYL, 2010). Therefore this poses a big problem already. Critical thinking games kids City, University of London! Some people might think why the teaching creative thinking d'Overbroeck's College, mines should be nationalised. Below are three reasons. 1. “Nationalisation to increase the State’s fiscal capacity and better the working conditions” (ANCYL, 2010). It states that the money received from taxes is not enough to help each and every single South African citizen, which it is not. Education, healthcare, safety and security and housing will not be provided to the masses if the government is not in control of the important sectors. There have been other success stories, such as in how to write an essay for university application the university of glasgow Botswana where nationalising the teaching creative thinking d'Overbroeck's College, mines provided mineworkers with a safer working environment and higher wages. 2. “Nationalise to Industrialise and seo article writing jobs macewan university Create more jobs” (ANCYL, 2010). More jobs will be created and industrial investors will be attracted to add to education, expertise and the economy. 3. “Nationalisation to transform South Africa’s unequal spatial development patterns” (ANCYL, 2010). This means the how to write an essay for college colorado state university (into), areas that will be focused on will be ones which will be sustainable in the future as well as effective. Smaller areas that have never been mined before could be targeted as it will provide more jobs in these areas which rarely see economic activity (ANCYL, 2010). Malema believes that everybody in South Africa has the right to the wealth that is produced and that the how to write an essay for college colorado state university (into), state should own the larger part of the mines. teaching creative thinking d'Overbroeck's College! “South Africa is divided as we speak. teaching creative thinking d'Overbroeck's College! We’ve got two economies in one country, two nations in teaching creative thinking d'Overbroeck's College one country, and it is nationalisation that will unite us” (Andrew, 2011). He also believes many jobs will be created once the mines are nationalised. Patrice Motsepe, a South African businessman, states that he would back Malema’s decision as long as it is in the best interests of South Africa. Critical thinking games kids City, University of London! The ANCYL believes South Africa’s minerals, water, land and marine resources should be used to maximise growth of South Africa’s economy and not purely for profit (Shivambu, 2010). If the mines are nationalised, new economic centres will be developed, new industrial development zones will be established, jobs will be created as the mines owned and controlled by the state will increase local beneficiation and industrialisation of the available mineral resources, and local economies will be developed (Shivambu, 2010). General Secretary of Congress of South African Trade Union (COSATU), Zwelinzima Vavi says that “Nationalisation can bolster our economy and it will always ensure development” (Beukes, 2011). He said that the nationalisation of the mines will make available money to all the people of the country, not only those who are currently working in the private sector (current mine owners) (Beukes, 2011). One of essay writing questions shawnigan lake school the ANCYL’s argument is that nationalisation was a demand found in the Freedom Charter and that South African citizens should share the mineral wealth of the nation between each and every one (Achary, 2010). Thus there are valid reasons for the mines to be nationalised but the major concern is the cost that the teaching creative thinking d'Overbroeck's College, country would incur to make nationalisation happen. “Nationalisation is an unaffordable, untimely and frankly unnecessary suggestion, which has already undermined market stability” (Time, 2009). It would cost South Africa R1.4 to peer reviewed references university of utah, R2 trillion to nationalise the persuasive writing introduction the university of kansas, mines which seems silly if you think South Africa has the fifth biggest mining industry in the world. This figure does not include extra running costs as well as the costs that go with running loss-running mines. This shows it is a big part of the economy and would be tough to teaching creative thinking d'Overbroeck's College, be nationalised. This figure is the teaching creative thinking d'Overbroeck's College, same as trebling South Africa’s national debt over a single night, which is unrealistic (Time, 2009). “The debate on the thorny issue heated up with business executives and analysts warning that nationalisation would damage the teaching creative thinking d'Overbroeck's College, economy” (Isa, 2011). Many say it is teaching creative thinking d'Overbroeck's College a disaster and has been for every country who has tried to pull it off. Susan Shabangu said “consideration of the step was misguided, as the real issue was to address poverty, unemployment, and inequality” (Isa, 2011). This shows that the debates that are ongoing will deter foreign investments. teaching creative thinking d'Overbroeck's College! The ANC do realise that it’s close to impossible to nationalise the mines and come off on the right foot but are currently looking at teaching creative thinking d'Overbroeck's College, models of how it could be implemented effectively (Isa, 2011). The nationalisation of mines has also been seen as a ploy to try and seo article writing jobs macewan university save Black Economic Empowerment (which has been in place in how to write an essay for college colorado state university (into) South Africa for a while, but has not achieved what it hoped to) and not focusing on the teaching creative thinking d'Overbroeck's College, amount of poor in the country as well as the amount of unemployed workers (Business Day, 2011). The market value of South African mines (listed) is almost 850 billion rand which is above a third of the country’s total Gross Domestic Product (GDP). Therefore the government should be more concerned over matters such as the education level and the health of essay writing questions shawnigan lake school the countries people. “Zambia nationalised the copper mines, which supplied 90% of its exports, in the early 1970s. It ended up hiring back the teaching creative thinking d'Overbroeck's College, multinational copper companies to manage them” (News24, 2010). teaching creative thinking d'Overbroeck's College! 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. By the year 2000, exporting figures had constantly decreased to essay writing questions shawnigan lake school, 225 000 tonnes. The result of the decline was partly because of a lack of investments as well as mismanagement of the mines. “Zambia has neither the capital nor the skills to run the mines by itself” (Time, 1969). Other factors were the drop in the price of copper, a lack of skills among the citizens in Zambia and they were unable to raise capital. They lacked a strong plan with which to back up their initial aim (Time, 1969). Restrictions were placed on exports and imports which resulted in exchange rates rising and therefore gains from exports reduced. Zambia also failed to save earnings when the copper price was high and thus when the price fell, they suffered immensely. teaching creative thinking d'Overbroeck's College! Even though the situation is teaching creative thinking d'Overbroeck's College not exactly the same, it does show that to nationalise mines a lot of debate needs to teaching creative thinking d'Overbroeck's College, occur as well as research and obviously the country needs the required funds to make sure it can be made possible. South Africa does not have these funds at the moment and thus would not be able to nationalise the mines unless they are willing to operate with huge debts which is how to write an essay for college colorado state university (into) unfeasible (Osei-Hwedie, 2003). “Nationalisation is an unaffordable, untimely and frankly unnecessary suggestion, which has already undermined market stability” (George, 2009). This statement sums up the idea of teaching creative thinking d'Overbroeck's College nationalisation of mines in South Africa. It obviously has its advantages such as giving higher wages and creating more jobs but it is clearly evident that the positives are outweighed by the negatives. With so many jobs in peer reviewed references university of utah South Africa’s mining sector at stake, it is irresponsible to talk about placing this key sector of teaching creative thinking d'Overbroeck's College the economy in the persuasive writing introduction the university of kansas, hands of government people. How to write an essay for college Colorado State University (INTO)! The country does not have nearly enough funds for this project to critical thinking games kids city, university of london, take place and thus in my view should not take place in even in the near future (Marais, 2010).