EFF leader Julius Malema is reportedly aiming to shut down Absa banks across the country as part of a campaign to transform ownership.<\/p>\n
According to the Sunday Times, the political figure is demanding that 51% of the bank be put into black hands, and follows a similar march to the JSE last month.<\/p>\n
He said that Absa would not be able conduct business as a result of the campaign. “Fighters will walk into a branch and occupy it. No service, no nothing. We will close it down.<\/p>\n
Malema, the Times said, wants 500,000 people to occupy the financial district of Sandton, although no time for the march has been allocated yet.<\/p>\n
“I have got a strong proposal, which I have given to the EFF, that we should consider shutting down one of the banks. I’ve got Absa a priority because it’s…racist and one of the banks that incorporated with the Broederbond banks.”<\/p>\n
Absa is now majority owned by UK-based Barclays. It serves approximately 10 million clients, and has more than 800 branches countrywide. It also employs more than 30,000 people.<\/p>\n
“There is a huge debate going within the EFF about detailed practical programmes of attacks on white capital,” Malema reportdely said.<\/p>\n
Absa told the paper that it had not received any communication from the EFF.<\/p>\n
This article can be found in the 8 November, 2015. edition of the Sunday Times.<\/em><\/p>\n Whites \u2013 you have been warned: Malema<\/a><\/strong><\/p>\n White vs black unemployment in South Africa<\/a><\/strong><\/p>\nMore on Malema<\/h3>\n