- Floyd Shivambu is the deputy-president of the Economic Freedom Fighters (EFF)
- Shivambu called the ANC out on failing to address pressing financial issues within the country
- Shivambu spoke up during the National treasury’s budget vote in parliament today
“We do not support the budget vote because we think that the ANC is led by cowards,”
Shivambu made sure he was heard on behalf of the EFF today in parliament. Shivambu spoke up during the National Treasury’s budget vote, stating that the ruling party is defined by ‘collective incapacity, negligence, mediocrity and cowardice’.
“The collective incapacity, negligence, mediocrity and cowardice” of the governing party is reflected by the untransformed ownership patterns of the country’s financial services sector.
“The banks continued to be owned by those that did prior to 1994. The Reserve Bank has approved new licenses of white-owned banks that are still existing,” he said.
Showing that he is not one to mince words, the deputy went on to say that the party had failed to address critical financial issues within the country.
Eskom’s debt to the PIC was one of the examples he cited.
Shivambu’s recommendation? That “the R110 billion which Eskom owes the PIC should be turned into equity”, following which the state must then address the effective management of the power utility.
He added that one of the issues the EFF would address “when in power after next year’s elections” was that of the Reserve Bank.
“We are going to make sure that the South African Reserve Bank is fully owned by the South African state,” Shivambu said.
Briefly.co.za recently featured an article called Malema: EFF will continue to fight against white privilege and whiteness.
In this article:
- EFF leader Julius Malema has vowed to continue his and his party’s fight against white privilege
- Malema said white people hated anyone who spoke out against the issue and noted the backlash Mmusi Maimane faced from within the DA
- The EFF leader said white privilege and whiteness created unnecessary fear in South Africa
Economic Freedom Fighters (EFF) leader Julius Malema has vowed to continue his and the EFF’s fight against white privilege and whiteness. Malema said white people hated anyone who spoke out against the issue and pointed to the backlash faced by Democratic Alliance (DA) leader Mmusi Maimane.
Malema said white people have turned on Maimane after his Freedom Day speech in which he spoke about the need for South Africans to acknowledge white privilege and black poverty.
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Ah, African proverbs. Such a vast selection of meanings. A wonderful cultural study. Many of us were taught proverbs before we could even talk properly. Which basically means our elders, parents, uncles and aunties are always finding ways to scold us with a suitable proverb. Some are hilarious and witty, some are more cryptic. All of them remain relevant today and teach us about our heritage. Today, we’ll Explore the Meaning of Unique African Proverbs.