Tuesday, July 20, 2010

Who’s Subsidising Whom ?


Parastatals are intended to be profitable organisations which exist to ease the tax burden, rather than to augment it.

With respect to the ANC Youth League’s tireless efforts to keep the debate on nationalisation of our country’s mines alive, one wonders how many tax payers fear having to further subsidise losses, as apposed to having faith in government’s ability to run the mining industry profitably. Eskom’s ongoing shenanigans haven’t helped the cause and perhaps government accepts that they don’t need another headache.

"Nationalisation of mines is not government policy. In my lifetime there will be no nationalisation of mines. Maybe when I'm dead, and rest assured I'm not dying next week," Minister Susan Shabangu, Department of Mineral Resources.

Ernest Roper
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