EFF declares war on financial and banking sector
Economic Freedom Fighters (EFF) leader Julius Malema has declared war on the country’s banking and financial sector.
Malema made the comments on the final day of the party’s elective conference in Nasrec, south of Johannesburg.
He delivered the closing address on Monday afternoon.
“The financial sector must be fought (in) 2020. It’s a war against the financial sector and against the banks of South Africa. We need them to know that no one is above the power of the people,” Malema said to loud applause from delegates.
It won’t be the first time the EFF has taken the fight to the country’s commercial banks. It has also consistently called for the nationalisation of the South African Reserve Bank.
In 2018, the EFF tabled an amendment bill to nationalise the central bank.
The bill proposed that the ownership of the Reserve Bank be transferred to the state.