South Africa: Opposition to calls for nationalisation

Nationalisation is an attempt by the African National Congress Youth League (ANCYL) to save black economic empowerment (BEE) 'elements in crisis', and will not help the poor, South African Communist Party (SACP) general secretary Blade Nzimande said. At the Congress of South African Trade Unions (Cosatu) central committee meeting, he warned against the call for nationalisation by elements in the ANCYL, 'whose intention is to save these BEE elements in crisis, and not to address the interests of the workers and the poor in the country'. Putting privately owned assets in the hands of the state is not 'inherently progressive' as it depends on which class interests are being advanced.