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Why Malema should educate people on property misconceptions

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Julius Malema, Leader of the EFF
Julius Malema, Leader of the EFF

Cape Town - Julius Malema should educate people on economic fundamentals and misconceptions about commercial property ownership in South Africa.

Estienne de Klerk, managing director of JSE listed Growthpoint Properties, made the plea at the annual convention and expo of the SA Property Owners Association (SAPOA) in Cape Town on Wednesday.

In his keynote address to more than 1 000 delegates, Malema emphasised repeatedly that, in his view, the property owners at the SAPOA convention were beneficiaries of past policies and are still benefiting from it and getting rich. SAPOA members, for instance, control about 90% of commercial property in SA and according to Malema black direct ownership in SA is less than 1%.

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