class, but should be accompanied with nationalizing banking and major industry in the interests of the masses. This would be the only way to realise the Freedom Charter’s demand that “The mineral wealth beneath the soil, the Banks and monopoly industry shall be transferred to the ownership of the people as a whole.”
Botswana is a poor example, and it is important that we reiterate this. The fact that the Botswana government has a 50% share along with DeBeers in Debswana does not mean that the people of Botswana are benefitting from the fabulous wealth produced in that country’s diamond mines. Botswana has an unemployment level ranging between 25% and 30%, it has the ...view middle of the document...
Mining in South Africa will only benefit the majority of South Africans if it is placed under the control of the working class, along with banking and the commanding heights of the economy, as nationalized concerns planned in the interest of the masses. In the final analysis the bourgeois state is unable to do this. By putting itself at the head of the working class with a bold socialist programme the SACP can struggle to bring about a real transformation of society. Instead of condemning the ANCYL for its progressive vision, the SACP should take up the challenge and provide revolutionary leadership to the working class. Smashing the bourgeois state machinery and replacing it with a socialist planned economy is the only genuine road to socialism in South Africa.
Encyclopedia of the Nations. (n.d.). South Africa - Mining. Retrieved December 2, 2009, from Encyclopedia of the Nations
Hlekiso, T., & Mahlo, N. (2006, October). Wage trends and inequality in South Africa. Retrieved December 2, 2009, from South African Reserve Bank
Matuma letsoalo, Malema Strikes Again, Mail and Guardian Feb 5 to 11, 2010. p.10
Sachs, S. (1952). The Choice Before South Africa. LONDON: Turnstille Press.
Wikipedia. (-). The Economy of South Africa. Retrieved December 2, 2009, from Wikipedia.Org
Worldsalaries.org. (n.d.). Canada Average Salaries & Expenditures. Retrieved December 2, 2009, from World Salaries
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• South African Communist Party Congress: Return to the ideas of Lenin! (July 17, 2002), Jordi Martorell
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