Malema looting poor to establish businesses: genesis of Tsotsi Capitalism

Image credit: MyCampusMag By Andile Mngxitama Julius Malema is a shrewd and brutal businessman. He behaves like a true capitalist whose only consideration is the profit margin. In this quest for accumulation, no consideration for the well-being of others is entertained. This is how capital reproduces itself and ensures profits. Karl Marx, who Malema ostensibly …

EFF must expel Shivambu and pay back the money – BLF

By BO Staff Writer This statement was previously published on the BLF website. Black First Land First (BLF) is not surprised that a forensic investigation has found that the Economic Freedom Fighters (EFF) leadership helped to destroy VBS bank through corruption. The EFF was funded by a criminal, Adriano Mazzotti, after all, plus it’s leadership …

The case of VBS Bank – an analysis and proposed solutions

By Yamkela F Spengane 14 March 2018 So, on Sunday evening the South African Reserve Bank (SARB) placed VBS Mutual Bank under curatorship effective from 17:00 of that evening, 11 March 2018. SizweNtsalubaGobodo (SNG) Advisory Services was appointed as curator of the bank, effectively dissolving the existing board of the bank and taking custodianship of …

BLF to meet VBS Mutual Bank today

Media Statement: Black First Land First (BLF) National Coordinating Committee (NCC) has endorsed the proposal to open a bank account with the Venda Building Society (VBS) for the organization. Furthermore; the NCC tasked the leadership of BLF to meet with the bank so as to explore other mutually beneficial partnerships. The meeting between BLF and …