We want the rand to fall so that when it rises, we will control the economy - Maine

[Platinum Wealth]

Durban –  ANC Youth League (ANCYL) president Collen Maine says the league wants and needs the rand to fall so that when it rises again, the country's economy will be under their control.

 

"We want the rand to fall, we need those economic turntables. The rand will fall but when it rises, we will be in charge of the economy of South Africa," he said.

 

Maine was addressing more than 2 000 people on Wednesday at a lecture on economic freedom at Durban's Olive Convention Centre.

 

He said those who had made objections against the country's controversial multibillion-rand nuclear programme had done so because they would not benefit, "and all of them are white".

 

He challenged the youth league to compose a song titled Jacob Zuma, Economic Freedom Is In Your Hands.

 

"Once you get attacked by capital, it wins.

 

"This rand thing comrades, it is very problematic. During the local government elections, when it was said that the ANC was not doing well, the rand gained strength, but when the ANC wins somewhere else, the rand depreciates," Maine said.

 

Read the full story here - http://www.news24.com/SouthAfrica/News/we-want-the-rand-to-fall-so-that-when-it-rises-we-will-control-the-economy-maine-20161222