Malema on the ropes

MickeyD

MickeyD

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About time - let's hope that they actually do something this time around.

Top ANC and government officials will demand that tough action be taken against the ANC Youth League at a meeting tomorrow.

President Jacob Zuma, Deputy President Kgalema Motlanthe and ANC secretary-general Gwede Mantashe will lead an ANC delegation at the meeting with Malema and his recently elected youth league executive.
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Full article here: http://www.timeslive.co.za/politics/2011/08/07/malema-on-the-ropes


Quote of the day (for me):
Pallo Jordan, who is a member of the ANC's national executive committee, said the ruling party was right to slam the league's statements.

When asked if ANC veterans should not be advising the league to tone down its rhetoric, he said: "You can only be a voice of reason to people who are reasonable."
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Yay...lets hope they follow through....but you know....the ANC is just as fcked up as their Youth League. I hope the truth comes out about JZ's involvement in the arms deal. Perhaps Malema is just following the example given by the head of state. Monkey see, monkey do.
 
Yes,'comrades of the struggle' stick together no matter what.
 
The people that are paying Malema to call for nationalization of mines are broke BEE tycoons who can't afford to pay their debt due to the economic recession of 2008. Those people want their mines nationalized so that they can be bailed out, they want all their debt to be the government of South Africa's debt. After investors have fled and unemployment increases, those same people will call for privatization of those mines. They will even openly admit that nationalization failed but at the same time will be smiling all the way to the bank after looting our country. Julius will quit politics because he will be a billionaire by then and then the cycle of looting continues. Another Julius will come and start the cycle of self-enrichment through government which is more destructive. Black people tend to be corrupt through government which affects the whole country and white people tend to be corrupt through business or stock markets in which that particular business is affected, not the whole country. I prefer white corruption than black corruption :D

P.S. Nothing will happen to Malema tomorrow. Malema is being paid to undermine Zuma and his leadership in the run up to next year's elective conference. The BEE people that are paying Malema to oust Zuma want mines nationalized, after they are done stealing from us, they will retire in Italy or some other country. We need to start telling the poor about this without insulting them.
 
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Sly21C said:
The people that are paying Malema to call for nationalization of mines are broke BEE tycoons who can't afford to pay their debt due to the economic recession of 2008. Those people want their mines nationalized so that they can be bailed out, they want all their debt to be the government of South Africa's debt. After investors have fled and unemployment increases, those same people will call for privatization of those mines. They will even openly admit that nationalization failed but at the same time will be smiling all the way to the bank after looting our country. Julius will quit politics because he will be a billionaire by then and then the cycle of looting continues. Another Julius will come and start the cycle of self-enrichment through government which is more destructive. Black people tend to be corrupt through government which affects the whole country and white people tend to be corrupt through business or stock markets in which that particular business is affected, not the whole country. I prefer white corruption than black corruption :D

P.S. Nothing will happen to Malema tomorrow. Malema is being paid to undermine Zuma and his leadership in the run up to next year's elective conference. The BEE people that are paying Malema to oust Zuma want mines nationalized, after they are done stealing from us, they will retire in Italy or some other country. We need to start telling the poor about this without insulting them.
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Good post.

It has emerged in the media that this whole debacle about Nationalisation is all about bailing out these broke tycoons as you refer to. So pity they have to bring the whole country to its knees via Nationalisation talks/plans in order to further their own selfish needs.
One thing I have learnt in life is most politicians (Malema et al) only tell you 90% of the truth and they always have a hidden agenda and in order to further their goals by agitating the masses with propaganda thus in essence using them to further their own agenda which is the 10% they don't tell you about. It takes a cunning person, usually quite a likeable person, a person you think you can trust, a person who is a good public speaker, a person who you thought had your interests at heart. Find that person/s, cut the head off the snake so to speak and this whole nonsense will end.

Never mind foreign investors or local fund managers, how will Government pay its own pension bills?
There will be no money to pay out pensions as it is a well known fact that the bulk of the JSE's listed shares which is what the PIC (Public Investment Corporation) invests in are resourced based, nationalise the mines and these shares will plummet and the holdings of the PIC will be a lot less than what it was before. The mind boggles as to what the end result would be in this regards!
 
Reading briefly through the top 40 holdings of the PIC, second last page of their annual report, here, there are very few resource based shares listed, SASOL which is an Oil/Rand play, AECI to a certain extent, otherwise a couple of Bank holdings in Investec and RMB.
Haven't got time to trawl the PIC website now, but it would be interesting to know what percentage of their current portfolio of R910,9 billion (31 March 2010), source, is invested in South African Mines and Banks.
 
MickeyD said:
About time - let's hope that they actually do something this time around.
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I wouldn't hold my breath, last time he was told to go for some political re-education and look at how much worse he's become. It would be nice though to see the ANC leadership develop some balls, but I'm not banking on it.
 
The rumble in the jungle.

Ali was on the ropes, on purpose. Took everything Foreman threw at him, waited till Foreman was punched-out then put him down.
 
At some point the tipping point will be reached - either the ANC or the public will bay for his resignation...

Just to speculate - who should play JuJu if they make a movie of his rags to riches to prison story?
 
daveza said:
Forest Whittaker.
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He has that same annoying flexibility in his upper lip when he laughs.

forest_whitaker.jpg
ntatemalema.png

image.jpg
 
BTTB said:
One thing I have learnt in life is most politicians (Malema et al) only tell you 10% of the truth and they always have a hidden agenda and in order to further their goals by agitating the masses with propaganda thus in essence using them to further their own agenda which is the 90% they don't tell you about.
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Fixed. You had the percentages reversed.
 
Palimino said:
Fixed. You had the percentages reversed.
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Thanks. LOL.

One cannot work out a percentage in this regard actually, however the cunning storyteller, in this case Mal-Enema and other spin doctors like him have to appeal to the uneducated and some educated masses with some form of truth, in this case, Nationalisation of the Banks and Mines will benefit poor people.
While I am sure it will benefit SOME poor people, the masses think it is going to benefit everyone, which will never be the case.
A few at the top of the ladder will become rich and as one other member eluded, will milk the thing for what it is worth, then declare they made a mistake and call again for privatisation again down the line.
The problem in South Africa with mines is a lot of them are borderline profitable, in actual fact the Gold Miners run mostly at a loss or a small profit, if these mines close I reckon they will never reopen again, the job losses will be quite substantial. The rest of the world will disinvest from the JSE if they still can, the Mines will now be owned by the SA Government and stressed taxpayers who will end up paying for it all.

Malema should be called out for the liar he is, the 10% he is not telling the masses is where the crux of the problem lays. He wishes to bail out his BEE Tycoons as one other member referred and that is his hidden agenda. The masses don't know of this, will heed his calls for Nationalisation and support him, the ANC to remain in power as they need the masses vote will remain for the most part quiet in the matter, but back at the ranch the masses will receive no benefit at all, in fact the collapse of the Mining Sector could create a domino effect for many other Companies still reeling from the shock of the World Recession.

The poor will become poorer with Malema at the helm and at this stage the country will be on the brink of civil war and then he will turn around and pull the race card and blame the white man for all our ills, actually he is doing that already.
 
LOL, more lip service to appease those angered by ANCYL shena****ns. Another slap on the wrist in public and a congratulatory back slap behind closed doors and then back to business as usual. THe only scary thing is that people will fall for this.
 
Nothing will happen to him, nothing ever does. He will get fatter maybe but that's about it.
 
‘Nationalisation ends corrupt capitalism’
The country is stuffed then.

This is going to cause a split in the ANC and a change in direction of policy, sorry to say it, but if COSATU calls for Nationalisation then it is going to become policy.

Vavi's statement in regards to Socialism vs Capitalism is a debate that has been discussed ad infinitum.
I think the nitty gritty of the thing is that Capitalism for all it's "evils" is the best of the bunch in regards to economic policies. Each country needs a bit of both in my opinion, just not in Mining due to it's constant need for reinvestment and risk and is best left to the Corporate world to run with sound accounting principles and business practice. There is no other way for existing mines, you cannot fix what isn't broken without perhaps actually breaking it.

I think Vavi has been led into the fray by pressure from his members who think they see a quick buck, maybe he himself has another agenda with a carrot dangling somewhere or likes the media attention, actually I am quite shocked by his stance on the matter as he of all people must know what a struggle a lot of the Mines have in keeping them running with costs ever increasing, especially labour, electricity and the depth the mines have to dig and knows for a fact that many mines if they did not actually exist already (the infrastructure) would not be viable to start up as new.

On a side note, why should I really care. I suppose it is because I am scared that this is just the beginning, what is next, these guys cannot invent anything, cannot produce anything, they only know how to take, next thing they come and take your business too.
 
Personally I like Vavi, he is not wealthy and he is powerful within the alliance so it is not in his best interest for the country to go down the drain. You might say he will loot government once nationalization is policy but I doubt it because he is angering a lot of ANC people by constantly attacking corrupt ANC members. The Limpopo ANC has endorsed Malema's nationalization of mines policy, there are 8 provinces left and I am sure Malema and his cronies are working hard to try convince the 8 prvinsial ANC areas to support the policy. My guess is that IT WILL happen, nationalization of mines will become ANC policy. It's the truth, a very inconvinient truth. Malema's (clever) strategy is to gain support of the ANC branches. He gained support of the ANCYL branches all over the country to endorse the then unpopular nationalization of mines call. He succeeded with the ANCYL and won his second term unopposed, so it is easy to see that Malema WILL eventually convince ANC branches across the country to support him, and my guess is he wants to achieve that before December 2012. If he achieves that then Zuma will have no choice but to heed the call of the new ANC's resolution of mine nationalization.

All we ordinary educated folk can do is to accept that we live in a fragile country, a country that will quickly turn into a Zimbabwe from 2013. Since we are one of the lucky few South Africans that know where this country is heading, we should all prepare ourselves for the inevitable. We should all get our passports in order and maybe start planning an exit strategy out of South Africa.
 
BTTB said:
‘Nationalisation ends corrupt capitalism’
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Nationalization will end nothing. It will be the beginning of a massive downhill slide.

Vavi draws comparisons with Cuba. What he forgets is that between 1959 and 1990, Cuba had massive backing from the Soviet Union, which provided resources and goods and also bought Cuba's produce. Since 1990 Cuba has suffered from an economic downturn, food shortages and other problems. They are recovering from that, but they also are slowly turning away from certain communist concepts. Yes, they have a high educational standard - that's because they don't burn down their freaking schools when they don't like something about them. Cuban citizens after the revolution weren't just looking to their government to provide handouts. They worked hard and put a lot of effort into improving their lives and their country.

Vavi, be very careful drawing comparisons when you only know half the story...
 
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