They are referring to ANCYL ( the ANC Youth League) headed by Julius Malema. Malema seems to do little more than allege white men are thieves and that farms and mines need to be nationalised. The biggest worry regarding Malema is that President Zuma rarely seems to rebuke Malema for his statements almost as if they see a place ( or a few votes) for this sort of policy. A recent poll published in the newspapers here showed( from memory) 38% believe mines should be nationalised. the risk of the mines being nationalised must be low but it cannot be completely discounted.
The courts here just recently ruled that mining companies be held responsible and must compensate any miners that contract silicosis. This is estimated will cost the mining industry here R100 billion ( about 15 billion AUD). GDO is relatively new so back claims may be unlikely but it could raise the cost of mining their gold.
GDO Price at posting:
50.5¢ Sentiment: Hold Disclosure: Held
