It’s Time for the IEC to Investigate the ANC
29 February 2024
ActionSA notes donation disclosures for the 3rd quarter of the current financial year published today. Of particular note is that the ANC disclosed total donations of R10 million from Chancellor House.
The quarter under question is the same quarter under which the ANC issued a 2-line press statement in December last year announcing that their R102 million debt settlement with Ezulweni Investments had been settled. Despite a public commitment from President Ramaphosa to avail the details of the settlement, no such information has ever been provided.
Today, through disclosing donations of R10 million in the quarter, the ANC has confirmed that ActionSA’s suspicions of the Ezulweni Debt Settlements were warranted. The likelihood is that R102 million debt settlement, plus interest over the 4 years it accrued, could not have been funded by a donation disclosure of R10 million.
The requirements of the Party Funding Act would require the following of any debt settlement to have been legal: