African National Congress Youth League (ANCYL) President Julius Malema says investors who do not accept the debate on nationalisation of mines should leave the country. Malema has reiterated his call for nationalisation of mines at the National Congress of the South African Students Congress in Pinetown near Durban. 

He says companies continue to invest in undemocratic states, saying the nationalisation debate is part of a democratic process and investors should understand it in that context. 

Malema further outlined that the League met with Anglo American in London to explain their position. The ANCYL President conceded that he is not an economist and that he is uneducated, but says gold and platinum mines should be nationalised first as they are the most profitable. 

According to Malema, transferring ownership of mines to the state should not be seen as a complicated process. Reacting to concerns that markets may react negatively to talk about nationalisation, Malema says markets continued to go to countries where there were civil wars. He says income inequalities must be reduced as white males continue to be rich. 

The ANCYL’s call on the nationalisation of mines has received  backing from the Pan Africanist Movement Youth Organisation (PAMYO). PAMYO President Zanda Somzana says the call was made by the late President of the Pan Africanist Congress Robert Sobukwe in 1959 but fell on deaf ears. 

Speaking at the close of the PAM policy conference in King William's Town in the Eastern Cape last week, Somzana said  it was encouraging that Malema had finally seenthe  direction which was rejected by his forefathers.