ANC's 'indecisive' stance on nationalisation spooks investors

While South Africa's ruling African National Congress (ANC) party debated - and ruled out - the long-mooted nationalisation of its mining industry at the party's policy conference last week, many analysts believe the ruling wasn't decisive and fear the threat remains that the country could become a pariah state in the style of Venezuela and Argentina, where the state has confiscated privately owned natural resource businesses, The Independent says.

According to the Mail and Guardian, Anglo Gold Ashanti CEO Mark Cutifani said the ANC had managed the discussions well, but more was needed, and the industry had to be involved. If it did not participate, it would have only itself to blame later.

For more:

• The Independent: Nationalisation of South African mining 'still a threat'

• Mail and Guardian: Mining sector wants conversation on nationalisation