IEC faces court action over ANC debt settlement
ActionSA has decided to take the IEC to court for failing to investigate the ANC's R102m debt settlement with Ezulwini Investments.
As previously reported, the ANC in December reached an out-of-court settlement with Ezulwini for monies it owed them relating to election posters.
EWN reports that ActionSA said the ANC has not disclosed where it received the money to settle the debt, as it is required under the Party Funding Act.
National chairperson, Michael Beaumont, yesterday said the ANC had a duty to be transparent as a governing party.
‘For the settlement of this debt, any donor paying the account directly with the service provider more than a R100 000 would have to have been declared as a donation in kind in terms of the letter of the Funding Act and yet no such declarations were made in the quarter during, before or afterwards,’ he said.
After protracted court battles and reports that the sheriff attended to the ANC headquarters to execute a judgment debt, the ANC and Ezulwini Investments reached a settlement.
Die Burger reports that the ANC only announced that the issue was resolved in the interest of all the parties, but declined to comment further.
Article disclaimer: While we have made every effort to ensure the accuracy of this article, it is not intended to provide final legal advice as facts and situations will differ from case to case, and therefore specific legal advice should be sought with a lawyer.
