EFF leader Julius Malema has disclosed his party spent less than R10-million on its election campaign and took a bank loan because the business community shunned his organisation.
Addressing the EFF’s penultimate rally – dubbed Tshela Thupa, or “We are cracking the whip” – at a packed Peter Mokaba Stadium in Polokwane in Limpopo, Malema said his party had relied on allocations from the Independent Electoral Commission and parliament.
Malema said the EFF had taken a loan with Standard Bank because no funding was coming from private donors.
“The EFF did not spend more than R10-million on this election. People ask where we got the money from. The money comes from the IEC and parliament.”
Expenditure by parties on poll campaigns has come under the spotlight after ANC elections head Nomvula Mokonyane revealed the ruling party was spending R1-billion on its campaign, although this has been disputed by ANC treasurer-general Zweli Mkhize.
The Sunday Times reported yesterday the DA had forked out more than R350-million on touting for votes and the IFP budget was up to R20-million.
Malema said it was disgusting for a governing party to spend R1-billion in three months in an effort to retain political power at municipal level, yet it could not find money to fund free tertiary education.
“Elect a new government and you will see that free education is possible,” Malema said.
“Ask yourself why are you suffering if the party you elected has spent R1-billion in three months on an election campaign.”
Source: Herald Live