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Vol 43 No 18

Published 13th September 2002

South Africa

Deep drift

The President and the capitalists wrangle about black empowerment and mining investment

Mining for precious minerals was the foundation of South Africa's urban riches, and the prime symbol of foreign capitalism, apartheid labour repression and racial monopoly. The African National Congress (ANC) has moved many ideological miles from the Freedom Charter in which, in 1955, it pledged to nationalise the industry. Today's ANC government wants to move ownership not to the state but to black-owned mining firms.

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