Nationalization is a Direct Enemy to Entrepreneurship and it Kills Entrepreneurial Spirit: The Case of South Africa
Martin Phineas Begede*
Department of Curriculum and Teaching of the University of Swaziland, Swaziland
- *Corresponding Author:
- Martin Phineas Begede
Department of Curriculum and Teaching of the University of Swaziland
Uniswa, P. Bag 4, Kwaluseni
E-mail: [email protected], [email protected]
Received Date: January 31, 2012; Accepted Date: April 19, 2012; Published Date: April 23, 2012
Citation: Begede MP (2012) “Nationalization is a Direct Enemy to Entrepreneurship and it Kills Entrepreneurial Spirit: The Case of South Africa”. J Entrepren Organiz Manag 1:101. doi: 10.4172/2169-026X.1000101
Copyright: © 2012 Begede MP. This is an open-access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.
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.