If the mines were turned over to the government more job creation could take place and skills development would be initiated. South Africa’s economy could become wealthier as precious resources would remain within the country’s borders. Disadvantages of nationalisation However nationalisation does come at various costs.
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Disadvantages. Nationalization was a slogan raised by these who were impressed by the wastes of private capitalism and wanted to introduce considerations of social welfare in the management of a nation’s economic affairs. The disadvantages of Nationalization is summarized below: 1.
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