A tweep posted a comparison between Venezuela's deteriorating economy and the Economic Freedom Fighters' state owned system and it sparked a massive debate on social media.
Siphamandla, who goes by the Twitter handle @Sowellnomics, took to the social media platform to compare the EFF's state owned system to the system implemented by Venezuela.
The economist wanted to point out the South American country adopted an EFF's state owned system and it ended badly.
"Venezuela abolished their property rights to implement an EFF state owned land system. Investment into agriculture declined and local food production stopped. They relied on exports to feed the country, but their currency tanked, which lead to food shortages and mass starvation," he captioned the post.
His post sparked quite the debate on Twitter, with South Africans divided on the EFF's system.
Siphamandla's post sparked a reaction from the EFF deputy president Floyd Shivambu, which ended up being becoming a Twitter fight between the two men.
"That’s a very simplistic and decidedly wrong reading of Venezuela’s economic problems. Venezuela under successive capitalist governments didn’t diversify its economic base and largely depended on oil exports. When the global oil price collapsed, the entire economy was affected," Shivambu commented.
Do you have a story to share with us? Inbox us on our Facebook page and we could feature your story.
To stay up to date with the latest news, download our news app on Google Play or iTunes today.
Top 5 richest men in South Africa on Briefly. Everyone, quick: off the top of your head, name a billionaire. Now, think hard and name two or three South African billionaires. How about more? Don’t worry, we have gathered this extremely interesting information for you!