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IFP: Statement by Mangosuthu Buthelezi, Inkatha Freedom Party president, opposing the nationalisation of mines (23/09/2010)

23rd September 2010

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During the official opening of the Kwakunje Cultural Village, a
project launched by Miranda Mineral Holdings as part of national
Heritage Day celebrations today, the IFP President Prince Mangosuthu
Buthelezi MP again voiced his concern with the on-going debate around
the nationalisation of South Africa's mines.

Speaking in Dundee, Prince Mangosuthu Buthelezi MP said: "This year,
Heritage Day has been declared to be all about our 2010 success. This
has been declared the official theme of national celebrations. I was
invited by the Minister of Arts and Culture to attend an official
Heritage Day event and to deliver the IFP's message of support along
these lines. While I am proud of what we achieved as a nation, and
while I support our government's initiatives to create national unity,
I felt more inclined to accept Mr Ron Nel's kind invitation to open
Kwakunje Cultural Village.

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I do not want to miss this opportunity to restate my position against
the nationalisation of our country's mines. I was frustrated to see
our Government fail to put an immediate stop to talks about
nationalisation when they emerged within the ANC's Youth League. It
fell to our President to make government's position clear and to
assure potential investors that this is not a direction we intend to
take. I feel there will be repercussions in the absence of a strong
statement from our Executive Head.

I am well aware of the benefits which private companies have brought
to the economic development of South Africa. South Africa needs
investment. We welcome investment. Just as Miranda has partnered with
the community of Dundee, I hope that our country may partner with
those throughout the world who wish to see greater development,
greater prosperity and a better quality of life for all," said
Buthelezi.

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