South Africa’s Julius Malema, who quit the ruling African National Congress to form a radical leftist party, could potentially become a kingmaker or even deputy president if the ANC loses its majority in Wednesday’s election as polls suggest.
The prospect of the ANC co-opting Malema and his Economic Freedom Fighters (EFF) to stay in power strikes fear into investors and the white upper-middle class he rails against.
The EFF’s promises to nationalise the country’s gold and platinum mines and seize land from white farmers are among proposals they fear threaten not just their privileges but also Africa’s most industrialised economy.
Malema’s pledge to redress persistent racial and economic disparities resonates with his constituents which include tens of thousands of unemployed, disenfranchised urban Black youths and middle class students struggling to afford fees or graduates unable to find decent jobs in a stagnant economy.
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