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Nationalisation of Mines

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sasa
Regular Contributor
For an example of a nationalised mine, look at the history of Alexkor diamond mine on the West Coast......
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9 REPLIES 9
Not applicable
I dont think nationaltion of mines is a good thing, but many corporates like Woolworths are nationalising thier franchise stores and I dont hear many voioces against it? Thanks Mr Raymond Ackerman for telling Woolworths they are missing the boat.
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THRESHOLD
Super Contributor
? Woolworths is acting in the best interests of their shareholders. They are seeking to maximise profit - the capitalist imperative. Governments act to further their own interests - usually to collect votes. Often it is merely what it says on the box - a land-grab. Wholesale, state endorsed theft of assets built by the private sector.
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sponono
Super Contributor
the old way of doing business was always to maximise profits at all costs. I dont see how you can continue doing business the old way and still call yourself a good corporate citizen. the new way of doing business is to take into account the interest of all stakeholders and in SA you have to open up opportunities for everybody. stopping the franchise model on the basis that you want to maximise profits works against opening up opportunies for everybody. Woolies is just being greedy and is happy to see the sea of poverly continue as long as its shareholders become richer. this kind of thinking must be stopped right now. Surely every company has a responsibility to advance the national interest. what better way to do that than to ensure a successful franchise model. Raymond Ackerman, one of the greatest entrepreneurs this country has produced agrees with me. if this generation of business people does not ensure a meaning transformation of the economy then the next generation of South Africans will have no choice but to embark on corporate grab on a grand scale Zimbabwean style.
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Not applicable
All "stakeholders" are free to own shares in Woolworths if they wish and share in the profits. At least there will be some profits to share. A Zimbabwe style corporate grab will end up just like in Zimbabwe. There won't be anything to share.
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SimonPB
Valued Contributor
and by now everybody has read the ANC NGC statement of this am re nationslising mines ??
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Rams
Super Contributor
So Pravin is not in the loop!
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SimonPB
Valued Contributor
that's what you take from the ANC NGC eco briefing ?? I confused ??
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THRESHOLD
Super Contributor
A "good corporate citizen." Now there's an interesting, moving goal post. There are laws that must be obeyed - the law of the land. For the rest - it all becomes highly subjective. We are discussing a state that might consider nationalisation. There is no place for a coroporate "citizen" under these conditions. Companies have one goal to make profit. It is included by law in their founding articles. In any case, let's not confuse issues such as polluting the Gulf of Mexico with internal profit maximisation.
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PaulC
Super Contributor
a good corporate citizen you sound like Jim Taggard out of atlas shrugged. If you have read the book you know how that worked out for companies and people who wanted companies to act for the good of the people. If you havnt read it Im sure you can guess its ends badly. Companies exist to make a profit. End of story. The sooner people stop throwing this socialist "good of the people notion" around the sooner we can move forward and our lives can be enriched.
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