You are racist, Malema tells JSE

Johannesburg - As thousands of EFF marchers arrived in Sandton on Tuesday afternoon, the party's leader Julius Malema had harsh words for the Johannesburg Stock Exchange (JSE) after a fence was erected at the entrance of its building.

"You are so racist, you do not even belong to South Africa," he said.

"You lock us here [when] we got permission to come here. You treat us like criminals because we are black."

He asked police outside the JSE why they allowed "these whites" to treat them like that when the party had permission to be there.

Malema said black people at the SA Reserve Bank, where the EFF marched to earlier, had received them well.

"We come to white people here and we are treated like visitors in our own country.

"We may look ugly to you, we may look poor to you, but we want to be treated with respect," Malema shouted at the group of people looking down at the EFF marchers from the JSE building.

"We are here because of the pain of poverty."

JSE CEO Nicky Newton-King received a memorandum from the EFF on the back of a truck from where Malema and other EFF leaders were addressing the crowd.

She thanked the crowd for "taking the effort to come to Sandton". She called it a "magnificent effort".

Referring to issues raised in the memorandum, she said the JSE looked forward to discussing them with the EFF leadership.

EFF MP Floyd Shivambu then read the memorandum out to the crowd.

Some of the demands included that all JSE-listed companies give 51% ownership to their workers, that JSE-listed companies each adopt at least 100 students and pay for their tertiary education, and that labour brokers be banned.

The EFF demanded that the minimum wage for domestic workers be R4 500 per month, R12 500 for miners and R6 500 for manufacturing workers.

They also wanted an end to companies shifting their profits overseas.

"We want all companies to give us a response within 30 days, otherwise we are going to shut down these companies, the JSE itself."

We live in a world where facts and fiction get blurred
In times of uncertainty you need journalism you can trust. For only R75 per month, you have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today.
Subscribe to News24
Lockdown For
DAYS
HRS
MINS
Voting Booth
Should Proteas star Quinton de Kock continue playing at the T20 World Cup even if he doesn't take the knee in support of the fight against racism?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes! He should be allowed to show his support any way he chooses
38% - 1782 votes
No! If De Kock refuses to unite with his teammates, then he should be on the next plane home
12% - 568 votes
The only ones at fault here are Cricket SA, who have sabotaged another Proteas World Cup
49% - 2298 votes
Vote
Rand - Dollar
15.04
-1.4%
Rand - Pound
20.67
-1.3%
Rand - Euro
17.44
-1.5%
Rand - Aus dollar
11.30
-1.7%
Rand - Yen
0.13
-1.8%
Gold
1,797.17
+0.2%
Silver
24.08
-0.3%
Palladium
1,961.53
-2.4%
Platinum
1,013.50
-1.8%
Brent-ruolie
86.40
+0.5%
Top 40
60,874
-0.3%
All Share
67,475
-0.2%
Resource 10
63,082
-0.9%
Industrial 25
87,253
+0.1%
Financial 15
14,054
+0.2%
All JSE data delayed by at least 15 minutes Iress logo
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE