Bloomberg News

Malema Says South Africa Should Turn to India, China on Mining

June 21, 2011

June 21 (Bloomberg) -- South Africa is likely to attract investment into its mining industry from India and China if it goes ahead with a policy of nationalizing mines proposed by the youth wing of the ruling African National Congress, Julius Malema, the leader of the organization, said.

Malema has advocated the nationalization of South African mines, banks and land to spread the wealth of the country to the black majority.

Malema spoke in an interview with Johannesburg’s Metro FM radio station today.

To contact the editor responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net


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