Home SOUTH AFRICA BLF accuses Malema of sponsoring ‘white monopoly capital’ with R6m

BLF accuses Malema of sponsoring ‘white monopoly capital’ with R6m

BLF accuses Malema of sponsoring 'white monopoly capital' with R6m

BLF accuses Malema of sponsoring ‘white monopoly capital’ with R6m

The BLF has accused Julius Malema and the EFF of supporting white monopoly capital.

The EFF made an R6 million donation to the solidarity fund, The BLF believes that this money will be used to support white companies over black-owned companies

On Friday the EFF challenged other political parties to follow suit after they donated R6 million to the solidarity fund. ZiMetro News has learned that the Black First LAnd First (BLF) movement took exception to this. They accused Malema and the EFF of supporting white monopoly capital.

The BLF’s deputy president, Zanele Lwana, retorted: “The lack of BC has reduced these parties to being servants of white monopoly capitalists like Johann Rupert.”

She alleged that the solidarity fund was a front to support white businesses over black businesses. “Malema ignored these legitimate cries.

To this end, he chose to donate the R6 million with no conditions in favor of black businesses to the same Solidarity Fund. “Black businesses, like spaza shops, have been destroyed by the lack of government support during the lockdown.

In fact, white monopoly capital is now taking over the township economy after the destruction of black businesses during the Covid-19 crisis.”

She realized that she cannot tell the EFF what to do with their money according to the Citizen. “However, we are duty-bound by our revolutionary conscience to expose the fact that the donation is being given to white businesses.

Our BC dictates that we raise this matter on behalf of the marginalized black businesses. We invite Malema to abandon white thinking and adopt BC.”

The EFF condemned the ANC’s decision to approach the World Bank and the IMF for support in the wake of Covid-19.

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