South African opposition leader, Julius Malema, has cautioned the continent against loans from Brentwood organisations and others, warning that such moves can undermine Africa.
Malema described such loans, as a debt trap can mortgage the future of the continent.
He says the debt trap of Africa to our foreign colonisers must be stopped, and that begins by regulating these loans that our leaders commit future generations to, because they will not be there when the colonisers come to collect.
The President of South Africa’s Economic Freedom Fighters says the South African parliament is making a move to checkmate loans from these institutions.