ANCYL president Julius Malema declared an "economic war" against the "white minority" in Scwetla informal settlement on Saturday.

"This is war, and we should fight moving forward. There will be casualties, but I know that we are going to win," he said.

Malema addressed nearly 1000 people at the Youth League's 67th anniversary in Alexandra, Johannesburg.

"The day has come, and on OR Tambo's birthday, we are going to march to the Johannesburg Stock Exchange and take the battle to the monopoly capital," he said.

He said the league was holding it's celebrations in Alexandra because its residents were the most "reliable forces for the revolution".

"You are the reason the struggle against apartheid continued. The time to fight is now, and we will reclaim ourselves in South Africa's economy.

"If we don't do it now, those who are unemployed will stay that way forever."

Malema said the league would not apologise for its stance on nationalisation, land reform and for the circumstances that led to its leadership facing disciplinary charges.

Malema, his spokesperson Floyd Shivambu, deputy president Ronald Lamola, secretary general Sindiso Magaqa, his deputy Kenetswe Mosenogi, and treasurer general Pule Mabe face charges of bringing the ANC into disrepute and sowing divisions in ANC ranks.

Malema recently said the ANCYL would send a team to Botswana to consolidate local opposition parties and help bring about regime change.

This was because the league believed the government there was "in full co-operation with imperialists" and was undermining the "African agenda".

"The crime we have committed is reminding people about their rights in the Freedom Charter. If I am expelled, then I know I will die with my soul intact," he said.

"They have stolen our land. They are criminals and must be treated like that. We want our land back and we want it for free.

"I don't need permission to be in ANC. We are born as ANC. Our blood is always green, black and gold."

Earlier, two cakes were brought into the marquee where the gathering was held.

A one-metre square cake decorated in ANC colours with "Happy 67th Anniversary" written on it, was the centre-piece.

The other was a white three-tier cake decorated with pictures of diamonds and gold bearing the words "Economic Freedom in our lifetime."

Nearly a thousand people gathered to mark the occasion.

The crowd was seated in a sprawling white tent while protest and pop songs blared out of speakers on top of a makeshift stage.

Vendors walked amongst the crowd, selling ice-cream to those looking for shelter from the midday heat.

A Youth League official asked the crowd to give up some of their seats to a group of elderly women, and the crowd shouted back that the meeting was for the youth.

Chairs were eventually brought for the women, and they were seated next to a group of children at the foot of the stage.