National 8.8.2016 01:00 pm

EFF a party of squatter camps – Tito Mboweni

 Former Reserve Bank Governor Tito Mboweni. (File photo by Gallo Images / Foto24 / Lertao Maduna)

Former Reserve Bank Governor Tito Mboweni. (File photo by Gallo Images / Foto24 / Lertao Maduna)

The first black Reserve Bank governor said the EFF ‘did well’, reminding the ANC, which is losing ‘economic control’ of SA, about people’s real struggles.

Former governor of the reserve bank Tito Mboweni took to his personal Facebook account on Sunday to declare that the Economic Freedom Fighters (EFF) is a party of squatter camps, the landless, and “some intellectuals”.

Mboweni, a trained economist who says he believes the ANC has lost economic power due to the loss of some key metros, said the EFF had reminded the ruling party that “our people” still struggle today.

“About the local government elections. We all know the results by now. The fact is that the ANC emerged once again as the largest political organisation in South Africa, But that is not the issue. The ANC lost “control” of about 85% of the municipal budget,” wrote Mboweni.

“The EFF is the party of the squatter camps/shanty towns, landless, and some intellectuals, unemployed and angry, sometimes unruly (but that is okay ), and advocates. EFF was good at reminding us that our people struggle and toil every day.

“They did well. That’s the next contest for the ANC, not just for votes, but to attend to the developmental issues affecting the lives of our people. (The ANC should consider doing away with the faulty concept of delivery and embrace the globally and intellectually recognised notion of development).”

Mboweni, who was the first-ever black Reserve Bank governor, called on the 104-year-old movement to do some introspection. He also pointed to the controversial issue of e-tolls as having “contaminated” the ruling party’s performance in the 2016 local government elections.

“eTolls and other regular and annoying leadership scandals were BIG national issues which contaminated what were local elections.”

“Politics is local!! We did something wrong. What is it? The President? Cabinet? NEC? Social distance? Perceived or real corruption? Blue lights everywhere? Let’s us think.

“In the UK, not necessarily the best example, the Conservative Party (Tories) are the central government but their main opposition, the Labour Party, control London, their largest economic powerhouse. President Obama’s Democratic Party in America is not the majority at the US Congress and House of Representatives. Good examples, but they can’t excuse our poor performance in the metros.”

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