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We dismiss with the contempt they deserve the utterances of one
Russell Loubser, former CEO of the JSE Securities Exchange. Mr.
Loubser is an uninformed and reckless loudhailer of the interests of white monopoly capital and
no decent thinking human being with an IQ slightly higher than room
temperature (as he accuses the ANC Youth League) would dignify his
ramblings with a response.

He has however spoken of things he knows
nothing of and it astounds the mind that in 2012 the ANC Youth League
would be called upon to account for its views by previously and still
advantaged boys of white privilege. At Wits University, he spoke of
the ANC Youth League of OR Tambo,Nelson Mandela and Walter Sisulu as
if he has any knowledge of such a gallant and fighting movement. Mr.
Loubser has now become these lf-appointed expert on the African
National Congress Youth League yet we cannot  find in our chronicles
any mention of this come-lately revolutionary.

We must hasten to point out that Mr. Loubser dismissal of
nationalization as  “emotional and brainless talk” is not only an
insult to the ANC Youth League but to the ANC and all its structures
as nationalization has been adopted as policy by the National Policy
Conference of the ANC. Mr. Loubser would do himself good to seek to
understand the struggles of the people before spewing reckless
rhetoric, thinking that attacking the ANC Youth League is a national
sport.

He makes all his derogatory remarks from his ivory
tower,decorated with his salary of more than R14million in 2011 alone,
an increase of 14%  from the previous year; but then again how can we
ever expect him to understand the suffering of those who have to die
for a mere R12 500 per month? It is our considered view therefore that
Mr. Loubser must constrain himself to the issues that he can profess
to understand. We have no doubt that at this point that those are only
the management of wealth on behalf of others instead of the creation
of wealth he accuses the ANC Youth League of not doing.

We are not surprised therefore that after thousands of young people marched to
the JSE Securities Exchange during the historic Economic Freedom March
last year; we are yet to receive a response from the arrogant and
racist JSE if all there are like Mr. Loubser and his kind. Like it or
not, the issues that the ANC Youth League has raised represent the
views of the majority of the poor and downtrodden and if white
monopoly capital continues to treat them in the manner demonstrated by
the shameful and reckless Mr. Loubser, it may be necessary to speak to
him in the only language understood by white supremacy in this
country. The quest for Economic Freedom is one that our people shall
not abandon regardless of the insults the so-called learned shall hurl
at us, it is freedoms that are due to us as a people and for which we
shall continue fight for side by side to the end with all resources at
our disposal.