“In SA‚ if we were to look at just two sectors‚ agriculture and mining‚ we argue that because of the inefficiency of those sectors… you will still have to radically redistribute those sectors.”
Mngxitama said the value of mining in SA was about R20-trillion in terms of the known mineral resources‚ but mining only employed 400‚000 people. “That is highly inefficient. Only for that reason you should be redistributing that economic sector‚” he said
Mngxitama claimed 35‚000 white people in South Africa owned 85 % of the land. “If we took all the white people who own about 80% of the land‚ they cannot fill a stadium‚” he said.
He said agriculture did not provide more than 700‚000 jobs.
“For these two reasons‚ both historical redress and even for economic reasons‚ you will actually do land expropriation without compensation‚” said Mngxitama.