is this our new b-bbee partner, page-9

Interestingly these seem to be the same priciples that the new BBBEE may work on being a Community Development Group rather than a straight up mining company.

What is interesting though is that IF such a groups balance sheet is reliant on larger company profits/dividends then why is it necessary to nationalise when such a model works for this BBBEE?

http://mg.co.za/article/2011-07-01-inside-anc-nationalisation-debate

"The youth league argues for the creation of a state-owned mining company to house the existing assets that the state owns. It says it should not be run like Eskom, Transnet or SAA, where the sole goal is to maximise profit. Rather, its progress should be measured "as per its ability, capacity and coherent determination to create jobs, maximisation of the country's gain from mineral resources, contribution to socioeconomic development and assistance of communities where mining happens."

d.