This paper traces the historical background of nationalisation in South Africa and examines the views of the ANC
Youth League in the light of the current debate on nationalization in South Africa. It draws lessons from the Zambian
experience and put them into perspective. It is observed that nationalisation is usually followed by privatization and
then renationalization. The requirement of a 60% stake in mining companies is significantly high and deters investors
as they are unable to get a controlling interest in their own companies from the onset. A volatile legislative environment further aggravates the situation