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The African National Congress Youth League welcomes the remarks made by
the Secretary-General of the African National Congress at the COSATU National
Congress this afternoon. Comrade Gwede Mantashe has made an unambigous
call to workers to support the programme of the ANC for strategic
nationalisation. Finally, the ANC has acknowledged what the ANCYL has
consistently said that the National Policy Conference resolved on
strategic nationalisation of mines and other strategic sectors of the economy.

As dictated by the Policy Conference and amplified by the Secretary-General
today, the ANC Youth League has already embarked on a process to identify
the mineral wealth to be nationalised. These should be based on the
economic importance of the mineral or sector concerned as well as the risk
associated with the supply thereof to safeguard our economic and political
sovereignty. To this end, we shall be proposing the nationalisation of
strategic companies such as SASOL, Kumba Iron-Ore and Acelor-Mittal. This
should be accompanied by the nationalisation of the following minerals:
iron, coal, platinum group minerals, vanadium, gold, manganese and zinc.

The ANC Youth League calls on all workers to intensify the struggle for
the redistribution of the economy of this country and in so doing emulate the
courage and bravery displayed by workers in the mining industry. Organised
labour must never again be caught on the sidelines of history, wondering
what happened but instead be at the forefront of driving the realisation
of an economy built on the demands and aspiration of the Freedom Charter,
bringing closer the attainment of Economic Freedom in our Lifetime. We
congratulate COSATU on a successful Congress and look forward to working
with the revolutionary and transformative Trade Union movement for real
economic freedom and power.