EFF vows mass campaign against banks, private sector

He accused the institutions of being “too powerful” at the expense of ordinary South Africans.

FILE:  Economic Freedom Fighters leader Julius Malema pictured at his party's second national conference at Nasrec on 16 December 2019. Picture: Sethembiso Zulu/EWN

JOHANNESBURG – Economic Freedom Fighters (EFF) leader Julius Malema said his party and other left-leaning formations would wage a “war” on the financial sector and the banks next year.

He accused the institutions of being “too powerful” at the expense of ordinary South Africans.

Malema made the comments during his party’s second national conference at Nasrec, near Soweto, as it came to an end on Monday.

Malema said the war his party plans to unleash on financial institutions is meant to remind them that no one is above the power of the people.

He lashed out at insurer Old Mutual following last month’s disturbing scenes when a family had to present the company with a dead body before it approved a pay-out.

He said this demonstrated that the sector does not care about the interests of black people.

Earlier in the conference, Saftu and Amcu committed that they would put aside all their differences with the EFF to mount a mass campaign against the private sector.


The EFF’s national people's assembly has upheld all expulsion appeals by members who were dismissed by the party since its last conference.

According to the party's disciplinary code, members who are charged for various offences and who have gone through disciplinary processes that have led to their expulsions can appeal the decision at the national conference.

The EFF conference has resolved to adopt the decision of the special committee on appeals that all eight applicants that hoped for reprieve from the conference should remain expelled from the party.

The cases which were considered include that of an EFF councillor in KwaZulu-Natal who received two salaries as an employee of the Health Department and a public representative in contravention of the party’s code of conduct.

Another councillor in the same province was found guilty of accessing and misappropriating constituency funds.

Delegates at the conference said the EFF should not be a home for thieves and corrupt individuals as they approved the recommendations of the special committee on the appeals.

Former secretary-general Godrich Gardee took it even further, proposing that the party should not afford those who have expelled the room to have the decision reviewed at the conference.