EFF Spent Less Than R10-million On Its Election Campaign – Julius Malema

Julius Malema

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.”

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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

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