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The IFPYB believes the revelation that ANCYL President Julius Malema has
made millions from government tenders is proof that that the ANC is rotten
to the core and that the ANC's jobs-for-pals-policy is bankrolling ANC
politicians at the expense of the very people they claim to represent.

"Malema claims to represent the interests of the poorest of the poor but he
has now been exposed as nothing more than a hypocrite. Malema constantly
reminds opposition parties that he is the sole voice of the marginalised,
poor and oppressed but we are thankful that this has now been rubbished as
nothing more than cheap, political rhetoric," said Pat Lebenya-Ntanzi the
IFP Youth Brigade Chairperson.

It has been reported that Malema's companies were awarded more than 20
contracts, each worth between R500 000 and R39m between 2007 and 2008.

"Malema has enriched himself from government contracts in Limpopo while many
communities in that Province remain impoverished and without basics
services. Malema should tell the people of Limpopo how much he has
reinvested into the area; he is after all the one who is always lambasting
businesses, especially those owned by whites, for not doing enough for the
poor," added Lebenya-Ntanzi.

Lebenya-Ntanzi said tough questions must be now be asked about the ANC elite
and their involvement in government business.

"We need answers as to how Malema's company was awarded these contracts?
Were the correct tendering processes adhered to and were the contracts
awarded on merit?" asked Lebenya-Ntanzi.

In conclusion Lebenya-Ntanzi said: "BEE has failed in its intended purpose
of benefiting the previously disadvantaged. Instead it has created a small,
black ANC-elite. The IFPYB believes that we now need to look at implementing
policy that will prohibit ANC fat cats from benefiting from government
tenders."