Why the EFF @EFFSouthAfrica Says NO to 3% Inflation Simple & Clear🚧🚧🚧
Step 1: They say it’s giving power to foreign banks.
The Minister first said “no” to 3%. Then he changed his mind. The EFF says big banks like Goldman Sachs pushed him. They call it “selling South Africa’s freedom” to rich outsiders.
Step 2: It helps banks, not people
A 3% target means high interest rates for longer. Banks make huge profits. But you can’t afford a house or car loan. Small black businesses can’t grow. Jobs stay low.
Step 3: It ignores real life
42% of people have no job. Food, lights, and transport cost more every month. The EFF says: “Stop worrying about investors. Fix the poor first.”
Step 4: No one asked the people
This decision was made in closed rooms. Workers, students, and township residents were not part of it. The EFF wants open talks with everyone.
The EFF’s Simple Plan, What They’d Do Instead
1. Take control of the Reserve Bank
Government, not bankers, decides interest rates. Drop rates fast so loans are cheap.
2. Spend big on jobs and services
Print money if needed. Build clinics, schools, factories. Pay people to work on roads and solar farms.
3. Force banks to help black businesses Law:
50% of all loans must go to black owners at very low rates.
4. Take over mines, banks, and big farms
Government owns 60%. Use the profits to build houses and create jobs – not send money overseas.
5. Give land to black farmers
Take empty white-owned farms. Share with 10,000 black co-ops. Grow food. Drop prices.
6. Use pension money for South Africa
Your pension fund must invest 60% in SA projects – like new homes and trains.
Risk?
Yes, prices may jump for 1–2 years. But the EFF says: “Better short pain for long gain, than 30 more years of waiting.”
That’s it. Simple. 3% = slow, safe, rich stay rich.
EFF plan = fast, risky, people first.
You choose.
I honestly don’t think this is something to laugh about. She wasn’t marching for herself; she was doing it for all of us, including you. She tried to get young people to stand up for something meaningful, & it didn’t go as planned. Where is the joke? Euw.
🤍The Phelophepha Health train is in Mamelodi for 2 weeks (until 22/08/2025). Services offered
Dental: R10 fee (cleaning, extractions, fillings) R5 for medication. Other services include Optometry, Psychology and healthcare check ups.