South Africa: The ANC's resource nationalism

The ANC will push for a new interventionist economic nationalism, rather than a simplistic nationalisation of the country's $2.5-trillion in resources not yet mined, which was what ANC Youth League leader Julius Malema had wanted. The Mail & Guardian has learned from various sources that central to this plan is to force competitive input prices through taxes and other penalties and for state institutions to take bigger stakes in companies that hold key strategic infrastructure minerals.