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Floyd Shivambu resigns as EFF’s DP amidst turmoil

SPLIT: Julius Malema and Floyd Shivambu during happier times

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In a surprising turn of events, Floyd Shivambu tendered his resignation as the Deputy President of the Economic Freedom Fighters (EFF) on Wednesday evening, shaking the core of the party’s leadership structure. Sources within the EFF revealed that Shivambu’s decision came in the wake of a discord with the charismatic party leader, Julius Malema.

The rift between Shivambu and Malema reportedly stemmed from an alleged encounter where Shivambu was approached by a group of affluent individuals offering substantial financial backing for his campaign to challenge Malema in the upcoming party congress scheduled for December.

Sources claim that Shivambu had initially accepted the financial support, leading to a sharp deterioration in his relationship with Malema upon discovery of these dealings.

Public reactions to this political bombshell have been mixed, with some expressing shock at the sudden resignation of Shivambu, a prominent figure within the EFF since its inception in 2013.

The news of Shivambu’s departure comes at a time when the party is already grappling with electoral setbacks, notably in Gauteng and KwaZulu-Natal, where the party failed to meet its ambitious electoral targets.

Moreover, the looming shadow of the VBS Mutual Bank scandal further complicates Shivambu’s exit, with allegations swirling around potential legal repercussions tied to accusations of corruption and financial impropriety.

Tshifhiwa Matodzi, a central figure in the VBS saga, recently implicated Shivambu and Malema in fraudulent activities related to the bank, adding another layer of complexity to Shivambu’s resignation.

As the EFF prepares to address the media at their headquarters in Braamfontein, Johannesburg, on Thursday at noon, speculations mount regarding the unveiling of not only Shivambu’s resignation but also the departure of other key members, including Mzwanele Manyi.

Manyi’s abrupt resignation adds to the sense of upheaval within the party, signaling a period of significant change and uncertainty in the EFF’s leadership landscape.

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