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ANC Study Discourages Mine Nationalization, Business Day Reports

A report by South Africa’s ruling African National Congress found that nationalization of the country’s mines would be unconstitutional and too expensive, Johannesburg-based Business Day reported, without saying where it got the information.

The ANC’s youth wing, led by Julius Malema, has led calls for the nationalization of mines and the seizure of land in South Africa, where more than a quarter of the population is unemployed. The ANC, led by Jacob Zuma, have said that mine nationalization isn’t government policy.

To contact the editor responsible for this story: Alastair Reed at areed12@bloomberg.net

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