Nationalise Anglo American Platinum: AMCU

[James]

The government should nationalise Anglo American Platinum if it continues with the proposed retrenchment of 14,000 workers, trade union AMCU said on Thursday.

"If Anglo persists with the retrenchments, it's a window for government to take those mines and nationalise them," Association of Mineworkers and Construction Union president Joseph Mathunjwa told reporters in Johannesburg.

"See if nationalisation will work on a small scale. The issue of retrenchments...read more here: Nationalise Anglo American Platinum: AMCU

 

[matt]

They're not closing the mines to spite people, they're doing it because they have become more expensive to run than they're worth since all of these strikes, hence the word unsustainable. Nationalizing them won't make them more profitable, and government run organizations are generally inefficient anyway. Basically then, we're looking at another drain on taxes. sigh

 

[MalicE]

They're not closing the mines to spite people, they're doing it because they have become more expensive to run than they're worth since all of these strikes, hence the word unsustainable. Nationalizing them won't make them more profitable, and government run organizations are generally inefficient anyway. Basically then, we're looking at another drain on taxes. sigh

and a breeding ground for more corruption

 

[Ike_009]

Great let's create another tax black hole