The national coal board (ncb) was the statutory corporation created to run the nationalised coal mining industry in the united kingdom set up under the coal industry nationalisation act 1946, it took over the united kingdom's collieries on vesting day, 1 january 1947. Nationalisation of mines dead and buried the anc has rejected mine nationalisation as an economic policy at the ruling party's elective conference in mangaung, free state aug 24, 2018.
Chief economist at econometrix tony twine says the word “nationalisation” implies the manifestation of the nation, which is the state, would run what had previously been business enterprises as if they were part of the state, which, by definition, they would be after nationalisation.
Nationalisation of the mines south africa has so many amazing mineral natural resources as well a profitable well-developed mining sector - nationalisation of the mines introduction the nationalisation of the mining sector is an argumentative topic in our country at the moment. The sacp leadership needs to back malema’s call, but also point out the limitations of mine nationalization in isolation it is important therefore to note the positive development in the thinking of the ancyl in its realisation that nationalizing the mining sector would be an important gain for the working class, but should be accompanied with nationalizing banking and major industry in the interests of the masses.
The purpose of the essay sets out to look at the concept of nationalisation, research it and discuss whether it is an applicable strategy to implement into south african policy. Nationalisation entails huge startup costs which could take many years for the enterprise break even another disadvantage of nationalisation is a reduction in the corporate taxes received by the government which could result in the south african citizen paying more taxes in the event of the nationaisation of the mines not being successful. For nationalization of the mines to promote that agenda is an important part of the policy debate (ancyl, 2010, for example: paragraphs 56, 59, 50, 70, and 85.