Accuses Ramaphosa Presidency of Corporate Capture Following R445M External Funding Disclosure
BY: CHANON LECODEY MERRICKS | ONLINE EDITOR
EFF Accuses Ramaphosa Presidency of Corporate Capture Following R445M External Funding Disclosure
By KasiBCAfrica News
JOHANNESBURG — The Economic Freedom Fighters (EFF) has released a formal statement condemning what it describes as the corporate and imperialist capture of the Presidency under President Cyril Ramaphosa.
The statement follows a parliamentary question submitted by EFF Deputy Secretary-General
The EFF asserts that the influx of funds from private corporations, foreign governments, and billionaire-backed foundations undermines state sovereignty and systematically steers national economic policy toward market deregulation and privatization.
Key Funding Allocations Highlighted by the EFF
According to parliamentary figures supplied by the Presidency, external partner allocations across major presidential initiatives include:
Resource Mobilisation Fund (RMF): R180 million mobilized by business groups to support technical capacity for the National Energy Crisis Committee (NECOM), National Logistics Crisis Committee (NLCC), and Joint Initiative on Crime and Corruption (JICC).
Just Energy Transition (JET) Unit: R95.6 million provided by the African Climate Foundation to fund technical operations and project management.
Digital Transformation Roadmap: R71.9 million, including R66 million from the Gates Foundation.
Operation Vulindlela: R56.3 million total, funded by Business Leadership South Africa (BLSA), National Business Initiative (NBI), Yellowwoods, and international partners.
Presidential Youth Employment Intervention & Employment Stimulus: Over R41 million combined, funded by Yellowwoods, the European Union, Agence Française de Développement (AFD), and the DG Murray Trust.
EFF's Main Arguments Against External Funding
1. Corporate Dominance via Operation Vulindlela and BLSA
The EFF argues that contributions from
2. Continuity from Shanduka Group and CR17 Campaign Funds
The party links current corporate influence to President Ramaphosa’s previous business career with the Shanduka Group and the unsealed financial disclosures of his 2017 ANC presidential campaign (CR17). The EFF contends that the same corporate actors who supported his political rise now enjoy direct policy access inside the Presidency.
3. Foreign Influence over Energy Policy and Sovereignty
The EFF strongly criticizes foreign climate and development funding for the Just Energy Transition (JET). The statement alleges that Western entities—including the European Union and international foundations—are pushing an energy transition model that risks weakening Eskom, threatening coal-sector jobs, and creating technological dependence on foreign corporations.
Presidency’s Position
In his official response to Parliament, President Cyril Ramaphosa stated that external partner contributions are strictly regulated, transparently managed, and do not fund daily executive operations or baseline operational budgets.
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