Malema warns white companies

Transform or else wait for revolution, says EFF chief

EFF leader Julius Malema wants to see black people being the captains of the economy, something that the ANC is now pushing for.

Malema said white people remain economically superior to black people, noting that they gained this advantage through apartheid‚ colonialism and inhumane and illegal means.

He said failure to accept this is at the centre of the country’s problems and that the EFF would have to change that.

Malema was addressing an audience at Rand Merchant Bank (RMB) yesterday on economic growth versus redistribution.

Malema gave a stern warning to whiteowned companies to transform or else “wait for revolution” when transformation would be implemented.

“This is a lesson for revolution‚ you think you are owning now [and] you don’t want to find a long-lasting solution to this crisis. You will lose everything‚ one day you will wake up in the morning and you have nothing beside this reality.”

He also attacked the ANC, saying Deputy President Cyril Ramaphosa and Nkosazana Dlamini-Zuma were not a solution to land expropriation. The two leaders are the frontrunners to succeed President Jacob Zuma in December.

Malema‚ accompanied by his deputy Floyd Shivambu, said the point they were making was that success was associated with whiteness. “A white minority continues to own and control 90% of South Africa’s economy that is not in the hands of foreign investors and pension funds.

“These are the facts that I’m giving you in a comfortable situation without confrontation, but we are having a conversation … You are actually sensitive to such information and discrediting anyone who says such things and make them irrelevant because you don’t want to hear the truth.”

Malema claimed the ANC as a whole was rotten, adding that getting rid of Zuma will not make any difference.