Finance Minister Tito Mboweni has hit out at the Economic Freedom Fighters (EFF) for “stealing” ideas from the African National Congress (ANC) – except decorum.
Mboweni made the remarks in tweets he posted on Thursday, specifically mentioning the proposed State Bank and Sovereign Wealth Fund.
He wrote, “Long ago, before THEY spoke about a State Bank, I did. And a State Bank will be established as a deposit taking institution. Details in the Budget Speech.”
‘Pretended ideas are their own’
“Remember that these folks emerged from the ANC Youth League. They stole most of the ANC ideas, not decorum, and pretended that these are their own. Sovereign Wealth Fund is an ANC idea not theirs! Eish, these people!” Mboweni added.
Many of EFF’s founding leaders were members of either the ANC or its Youth League before their resignation, suspension or expulsion.
EFF leader Julius Malema was ANCYL President while his deputy Floyd Shivambu served as ANCYL national spokesperson.
Soon after Mboweni’s tweets, Shivambu hit back and challenged him to produce documentation to back his claim on the Sovereign Wealth Fund.
Ramaphosa announces plans in SONA
He wrote, “Please show us one ANC document that proposed a Sovereign Wealth Fund prior to the EFF Founding Manifesto in 2013. Please accept to be led Minister @tito_mboweni and save yourself from mavunwa [lies]!”
President Cyril Ramaphosa announced plans for the State Bank and Sovereign Wealth Fund in his State of the Nation Address (SONA) last week.
The ANC first adopted the resolution to establish a State Bank at its 53rd National Conference held in Mangaung, Free State, in 2012.
In his SONA reply speech, Justice and Constitutional Development Minister Ronald Lamola said the idea of a Sovereign Wealth Fund was included in the government’s New Growth Path released in 2010.
As the debate raged, Mboweni went on to accuse EFF of engaging in “chaos and unruly behaviour.”
“Unfortunately, there is always room for misunderstanding ‘things.’ @FloydShivambu misunderstood me when I talked about ‘disruption’ as a political philosophical construct. I did not mean chaos and unruly behaviour,” he tweeted.