ANC and DA in same ideological WhatsApp group - Malema

2017-11-07 21:33
Julius Malema (File, City Press)

Julius Malema (File, City Press) (File photo)

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories


Malema: Zuma should have reshuffled himself

2017-10-17 17:31

Economic Freedom Fighters (EFF) leader Julius Malema says the party rejects Tuesday's Cabinet reshuffle, but are happy that former Higher Education minister Blade Nzimande is out. Watch. WATCH

Cape Town – The ANC and DA are "ideologically in the same WhatsApp group," EFF leader Julius Malema said after both parties shot down the EFF's motion to nationalise banks without compensation.

Most opposition parties didn't agree with the EFF's plan to nationalise banks, citing the current state of state-owned enterprises, such as SAA and Eskom, as examples of why it would be a bad idea.

Concluding Tuesday's debate, Malema said the EFF agreed that, at the moment, their policy would be disastrous. however, he added that they bring such issues to the National Assembly to expose the ANC's hypocrisy.

He said they expected the DA to oppose the idea because the DA defended white privilege.

"You have joined them!" he said to the ANC.

Speaking just before him, ANC MP Joan Fubbs said it might seem odd that the ANC and DA agreed. She said the EFF's policy was misguided, but that the "DA's input reflects its neoliberal roots".

Fubbs said the nationalisation of banks would negatively impact the poor, a theme in many of the speeches opposing the proposal.

Fubbs criticised the banking sector for its secrecy, not only in South Africa but also globally, and said the sector should be strictly regulated.

'It is not just a bad idea'

Introducing the debate, Malema said the EFF was fully aware that financial services was the biggest sector in the South African economy, employing 250 000 people and contributing 17.2% of the country's GDP.

"Banks control and run the lives of so many people," Malema said.

He said no bank in South Africa has meaningful ownership by black people.

According to the EFF's proposal, the state should have 51% of every bank, while the remaining 49% should be divided among other investors, with no single investor owning more than 10%. 

He said this would ensure that banks were democratised to serve the interests of people and prevent it from being captured.

"We want to make sure we share the resources of our country," he said.

He used post-World War II Britain as an example where the model worked.

DA MP David Maynier said the idea of nationalising banks was hardly original and that it seemed the EFF attended had the "Hugo Chavez school of economics". 

"It is not just a bad idea, it is a mad idea that will crush the hopes of the 9.4 million jobless people," said Maynier.

According to Maynier, the banking sector was one where employment was growing.

When his DA colleague Alf Lees repeated "it is not just a bad idea, but a mad idea", EFF MP Mbuyiseni Ndlozi objected to being called mad by a white man. 

Lees then said, in isiXhosa,  that he would use polish to blacken his face. The comment enraged the EFF and Lees withdrew his remark.

Read more on:    da  |  anc  |  julius malema

Join the conversation! encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.

Inside News24

Traffic Alerts
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.