Business / Companies
Take 60% of Anglo American: Malema
07 Mar 2011 at 05:55hrs | Views
South Africa ANC Youth league president wants the South African government to take over 60% of Anglo American Corporation's shareholding, city press reports.
Julius Malema who turned 30 on the 3rd of March said Friday:
"If we don't do it (nationalisation), we'll always stay poor. The Oppenheimers don't need to worry because we only want 60 percent of Anglo American's money…"
The ANC has been to be backing Malema in many of his controversial announcements. Following his birthday last week, the party said in a statement that they wish he 'grows more radical and militant'.
Malema said that Anglo had agreed to give 51 percent of its mining interests to black people in Botswana and seemed to ask why the company did not want to do the same in South Africa accusing the mining giant of thinking black people were what he termed 'idiots' and of abusing the black population in South Africa.
In an emotional speech seemingly sympathetic with the dissatisfied working class masses, Malema said that political freedom was useless without economic freedom.
"We're now economic freedom fighters. The revolution started to get food. We don't have to apologise, or be shy about this struggle."
With an unpopular surge in inflation, South Africa is also faced with an unemployment crisis that has also seen the ANC fearing a rising working class turning against it in coming polls.
Julius Malema who turned 30 on the 3rd of March said Friday:
"If we don't do it (nationalisation), we'll always stay poor. The Oppenheimers don't need to worry because we only want 60 percent of Anglo American's money…"
The ANC has been to be backing Malema in many of his controversial announcements. Following his birthday last week, the party said in a statement that they wish he 'grows more radical and militant'.
Malema said that Anglo had agreed to give 51 percent of its mining interests to black people in Botswana and seemed to ask why the company did not want to do the same in South Africa accusing the mining giant of thinking black people were what he termed 'idiots' and of abusing the black population in South Africa.
In an emotional speech seemingly sympathetic with the dissatisfied working class masses, Malema said that political freedom was useless without economic freedom.
"We're now economic freedom fighters. The revolution started to get food. We don't have to apologise, or be shy about this struggle."
With an unpopular surge in inflation, South Africa is also faced with an unemployment crisis that has also seen the ANC fearing a rising working class turning against it in coming polls.
Source - Byo24News
