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Malema at it again

Comments

  • #2
    Nodin
    Closed Accounts Posts: 46,938 ✭✭✭✭Nodin


    It would seem patience with his antics has run out.
    An audacious youth leader once tipped as a future president of South Africa has been expelled from the governing African National Congress (ANC).
    Julius Malema, president of the ANC youth league, had already been suspended for five years for sowing divisions and bringing the party into disrepute.
    His appeal against the sentence backfired on Wednesday when, instead of reducing it, the ANC disciplinary committee increased it to expulsion.
    http://www.guardian.co.uk/world/2012/mar/01/anc-african-national-congress-southafrica


  • #3
    rich.d.berry
    Registered Users, Registered Users 2 Posts: 517 ✭✭✭rich.d.berry


    More news with the headline Will Malema sink or swim.

    Interesting to note this paragraph:
    “Mr Malema is 30 years old, he has no post-graduate degrees at all and he’s reputed to have R53 million in his bank account. Well where does the R53m come from? It’s not coming from tenders; it is coming from the people who tell him to do this,” said Friedman.

    R 53,000,000 is equivalent to over €5,300,000 (1 South African rand = 0.100039004 Euro). That's a lot of money that he has managed to save. :eek: And we think Irish politics pays well.

    The "this" referred to is spearheading the proposal for the nationalisation of mines. Basically confiscating mines from private ownership and making them state assets. We have already seen the effect that nationalisation has had on Zimbabwe's economy. If the nationalisation of mines were to happen then investors will be pulling out in droves. It would be political and financial suicide. The joys of African politics! :rolleyes:


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