Floyd Shivambu dropped a bombshell on Thursday by confirming his resignation from the Economic Freedom Fighters (EFF).
Shivambu, flanked by Julius Malema and other EFF leaders, read aloud his resignation letter and announced his decision to join former President Jacob Zuma’s MK party. This has undoubtedly marked a significant shake-up in South Africa’s political landscape.
Well-placed sources confirmed to SurgeZirc SA that Shivambu yearned to be relieved from his EFF duties. Despite his willingness to leave, Shivambu is reportedly seeking Julius Malema’s acceptance of his decision.
Insiders have indicated that the challenging circumstances faced by Shivambu, including the VBS scandal, have played a critical role in his decision. The recent general elections in May saw the EFF struggling to increase their support, perhaps adding to the internal challenges.
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The EFF has scheduled an “urgent press conference” for Thursday where they are expected to announce “radical leadership changes.” According to these sources, the changes are necessitated by the recent controversies and the political instability within the party, exacerbated by the allegations linked to the VBS Mutual Bank.
Both Julius Malema and Floyd Shivambu have been accused of corruption, fraud, and money laundering following claims that they financially benefited from the scandal.
The controversy surrounding the VBS Mutual Bank has intensified scrutiny on the EFF. Tshifhiwa Matodzi, the bank’s chair, alleged that both Malema and Shivambu were implicated in accepting illegal financial benefits from the bank. These accusations have further destabilized the EFF, leading to heightened media attention and public scrutiny.
As the political situation unfolds, all eyes will remain on the EFF and its leadership dynamics. Shivambu’s transition to Jacob Zuma’s MK party signifies a new chapter, both for him personally and for the South African political sphere in general.
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