Economic Freedom Fighters leader, Julius Malema, has accused South Africa's ruling party, the African National Congress, and former finance minister Trevor Manuel of colluding with White Monopoly Capital. White Monopoly Capital is a term used in South Africa to refer to large white owned conglomerates which control the economy. He accused the ANC of selling out black people to white corporate interests.

Malema said the first meeting of the African National Congress after the party was unbanned in 1990 was held on a farm owned by Johann Rupert. Rupert is a South Africa's richest man whose late father founded the Rembrandt Group and he now controls the luxury group conglomerate which owns brands such as Montblanc and Cartier as well as as a stake in British American Tobacco (BAT).

Malema led a march to protest outside the Stellenbosch headquarters of Rupert's holding company, Remgro. It was a protest to march 6 April, the day on which the Dutch colonialist, Jan Van Riebeeck, landed on the shores of South Africa, leading to 350 years of white minority rule which ended in 1994.

Malema warned Rupert to hand over his farms and land before the revolution.