Fin24

We want 60% of Anglo, says Malema

2011-03-06 14:17

Johannesburg - The ANC Youth League ­(ANCYL) wants a piece of Anglo American [JSE:AGL] – 60% to be precise.

“What Anglo does with the other 40% is their business,” ANCYL president Julius Malema said at a gala dinner in Nelspruit on Friday, predicting that the ­nationalisation of mines would “happen in my lifetime”.

Malema was in fine form, ­spitting fire at companies controlled by whites and not sharing enough of their wealth with blacks.

“Share that delicious piece of cake. Don’t eat it all alone!” he said to loud applause.

Malema said unemployment was the cause of recent political unrest, and nationalisation was the way to solve it.

“Maybe it’s time for the youth to climb into the driving seat of the car,” he said.

Malema doesn’t advocate ­taking over all white businesses. “We just want a fair share. If we don’t do it (nationalisation), we’ll always stay poor.

“The Oppenheimers don’t need to worry because we only want 60% of Anglo American’s money,” he said.

“We’ve never had this much capital. This is what we’re ­fighting for now. Our people ­simply have to benefit from the county’s minerals.”

Malema said Anglo American had agreed to give 51% of its mining interests to black people in Botswana. “We can’t understand why they don’t want to do it in South Africa. They think black people are idiots and they abuse us in South Africa.”

A black man who did not agree with the ANC about this was ­under the influence of ­capitalists, he said. “Unemployment in South Africa can only be compared to a hand grenade someone is carrying in his hand. One of these days, someone is going to pull the pin.”

Malema said 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.

“An uprising is coming to South Africa, and the uprising won’t be against the ANC,” he said to screaming and cheering members of the ANCYL.

“The uprising will target white men and white monopolies,” he warned. “It won’t be aimed at white women.”

To prevent the revolution from losing steam, Malema urged a full hall in the Ehlanzeni District Municipality building to have as many babies as possible. ­

“Having babies is a revolutionary thing. You must reproduce! If you shame a black man about his large family, you should immediately change your ­attitude.”

Another speaker, Minister of Sport Fikile Mbalula, said a situation where the country was ruled by a clique could not be ­tolerated.

“It seems as if there are people who use the names of certain people in the government in ­order to advance their own ­business interests, and this is ­unacceptable.”

Anglo American spokesperson Pranill Ramchander could not be reached for comment.

- City Press

Comments
  • Agent - 2011-03-06 19:13

    False promises and racist outbursts once again. Someone tell this idiot the Oppenheimers only own 2% of Anglo.

  • thouca - 2011-03-06 21:16

    plesae donnot post clown and joke articles such as this in your business section....rather leave this type of entertainment for yr news home page.......i, as probably many other business leaders expect to read serious and newsworthy economics on under this specific news section...

  • corruptsa - 2011-03-07 07:08

    Here Malema, take 60%, make the country go bankrupt, wait you can even change the name of South Africa to South Zimbabwe, oh and are you not a little to old to be YOUTH league president, hold on to that position as long as you can, there is obviously no other available in Goverment for a motomouth like you. Here take 60% viva South Zimbabwe Viva!!

  • Gomo - 2011-03-07 07:40

    Hey Juliarse stick to woodwork...at least you passed that subject!

  • Ramosus - 2011-03-07 07:48

    This guy is really crazy, How could the ANC let a idiot like this to run their youth legue, Hey Julias, tell your Rich black friends you hang out with in Sandton the young white oppressed South African male wants a share of all their money and tenders as well. You are a rasist little worm and you will never become any type of leader in this country! What would Madiba say about you little boy!!!!! I love freedom of speech!

  • KtK - 2011-03-07 07:51

    "Having babies is a revolutionary thing." LOL! Thank you Malema for that good laugh! The nonsense that spews from your mouth is wonderful entertainment. "Malema said unemployment was the cause of recent political unrest, and nationalisation was the way to solve it." Once again Malema shows the world what an idiot he is and that he knows nothing about economics!

  • KtK - 2011-03-07 07:53

    "Having babies is a revolutionary thing." LOL! Thank you Malema for that good laugh! The nonsense that spews from your mouth is wonderful entertainment. "Malema said unemployment was the cause of recent political unrest, and nationalisation was the way to solve it." Once again Malema shows the world what an idiot he is and that he knows nothing about economics!

  • Disclaimer - 2011-03-07 08:08

    I would like to say that the views expressed by Julius are not those of the youth, black youth, generation X, ect. Thank you

  • Stumza - 2011-03-07 08:11

    Nationalising will only benefit those that are currently benefiting in Government. If they (ANCYL) had used the R100 mil to send a few kids to study it would've been something else instead of gooing a party. Oh, i forgot all we want to do as today's youth is party, have sex and claim what we didn't work for. The money is gone and no one has something to show for it except ofcourse those who were responsible for the decor and music. I refuse to be led by someone who is willing to spend R100mil (tax payer's money) on a bash when most of his advocates don't have anything to eat at night.

  • Poor white - 2011-03-07 08:11

    Malema needs more poor uneducated people. He knows that these are the only people who will oneday vote for him! If I had money I would take it abroad.

  • Stumza - 2011-03-07 08:11

    Nationalising will only benefit those that are currently benefiting in Government. If they (ANCYL) had used the R100 mil to send a few kids to study it would've been something else instead of gooing a party. Oh, i forgot all we want to do as today's youth is party, have sex and claim what we didn't work for. The money is gone and no one has something to show for it except ofcourse those who were responsible for the decor and music. I refuse to be led by someone who is willing to spend R100mil (tax payer's money) on a bash when most of his advocates don't have anything to eat at night.

  • Justin Doubell - 2011-03-07 08:13

    How the .... I hope this does not happen... We will be .... if it does!

  • truth123456789 - 2011-03-07 09:18

    Malema, you are one stu%$d person!!!!!!!!!!!!!!!!! You are only thinking of your self and your own wealth,What are you doing for people living in Townships nothing but make a noise..In all honesty you are going to cause so much problems for our country with the bull you talk,when i say our country i mean us the youth. The money that you spend on your suits can help 5 or even more families to eat but nope you don't think like that its just lining your own pockets, how many of the ANC guys has been caught for steal the peoples money and not help us but spending on cars cloths and houses.Malema you clearly don't think. why do you always say black people are black people not human,we living in a democracies, yes we have a grim past but why must you always bring it up, the youth dont need to hear about those days we all know what happened and we must move on or else every thing will be in reverse which is not good.. We are always living in the past even though we are in a democracy cause our leaders bring it up all the time......

  • mike - 2011-03-07 11:17

    What a retard. More kids = more poverty. We can't even educate our own kids! Because schools are not good enough! We are heading to become the dumbest nation on earth! Well Done Malema!!!!!!

  • stack - 2011-03-07 11:51

    I have no words!

  • why - 2011-03-07 12:13

    This guy is out to destroy our country

  • keith - 2011-03-07 12:33

    That's right continue to spew hatred and your racial tendencies to further promote your own agenda. Please can we see the example set by BEE companies that empower the man on the street and not a select few Struggle fighters; come on name a few? Pretty stupid way to take the focus off the ANC Coloured and Indian debacle they've gotten themselves into.

  • Ben - 2011-03-07 12:42

    Want want want want want want want want want want want want want want want want want want want want want want want want want want want want want want want want want want want want want want want want want want. How about you learn to make your own?

  • Tony - 2011-03-07 13:31

    And who are 'we'. You already have a R250m deal. "I'm not greedy, only like a lot" Phew

  • Tony - 2011-03-07 13:34

    And who are 'we'. You already have a R250m deal. "I'm not greedy, only like a lot" Phew

  • Yo la tengo - 2011-03-07 17:35

    Anyone think this might be regarded as racist hate speech? “An uprising is coming to South Africa... The uprising will target white men and white monopolies,” he warned. “It won’t be aimed at white women.” Whew. That's a relief. The women will be spared. Whatever doubts I had about building a life in this country have been assuaged.

  • tshithavhana m - 2011-03-07 17:41

    if we compere our selfs with botswana we won't make it becouse since the have been given 51 percent all they have expreance was depression and unemployment. I think we as youth should start to be inovative and not listen to malema who wants us to depend on government while we are educeted and creative to create jobs in the market becouse government does not create jobs but business does 5

  • Anonymous - 2011-03-07 19:51

    Caution to the wind, Anglo share holders may sell out and the company can fold. With no work for any of the workers at the mines. Hopefully, Julius Malema knows how to run a mine will be able to compensate the jobless workers.

  • Adolf Lamprecht - 2011-03-08 08:39

    Shame on the mentally handicapped Malema. Asking for people to have more children is typical of somebody with absolutely no vision and no sense of responsibility. On the one hand the ANC is trying it's best to provide housing for all South Africans with a huge back log and on the other hand, this genius tells South Africa- no have more people. Ever thought of where the water, food and even maslow's other basic needs will come from. Let's hope that Malema will be replaced by somebody more sensible.

  • julius - 2011-03-28 20:22

    http://angrymalema.tumblr.com/

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