The ANC has been ordered to pay R100 million to a KwaZulu-Natal business for the 2019 election banners.
The attorney representing Ezulweni Investments has stated that if the party does not pay, the business will consider beginning liquidation proceedings.
Ezulweni Investments, which provided the ANC with branded merchandise, petitioned the Johannesburg high court to compel payment. The court found in its favor, but the ANC appealed the decision to this division's three justices.
However, the judges also determined that ANC must repay the money owed to the KZN company.
ANC has been financially constrained and has struggled to pay its employees, but now it must pay hundreds of millions of dollars or their assets may be liquidated.
Many do not get how the ANC was able to pay such a substantial cost on election materials, given that it has been the governing party for many years and has other alternatives to banners and posters.
"There are likely a few high-ranking Cdes behind the assertion of verbal agreement, concern with numbers, inflated election campaigns as votes disappear, and intensification of party feasting until little is left,"
"This reminds me of a neighbor who kept two 1.5-by-2-metre stacks of ANC campaign signs and placards under his carport. This is many years after the CR17 elections "a few comments are made about the ANC's irresponsible expenditures.
Some comrades quipped that President Cyril Ramaphosa knew this was going to happen, which explains why he hid the money under his Phala Phala farm's mattress.
Allegedly, all bodyguards employed by Zizi Kodwa are under investigation for spreading the narrative of Phala Phala. It is thought that they are the only individuals who might have disclosed that Cyril Ramaphosa met with Namibians and the men who stole his money.
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