ANC risks being liquidated, warns company after getting court order for R150m

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The ANC owes R150 million to Ezulweni Investments for election material supplied to it for its 2019 election campaign.

The ANC owes R150 million to Ezulweni Investments for election material supplied to it for its 2019 election campaign.

The ANC faces liquidation if its assets do not meet the R150 million owed to Ezulweni Investments for election material supplied to it for its 2019 election campaign. 

On Monday, Ezulweni Investments obtained a writ order from the Gauteng High Court in Johannesburg, giving the sheriff of the court the go-ahead to attach the ANC’s assets. 

The order, seen by News24, was issued after the Supreme Court of Appeal (SCA) dismissed with costs the ANC’s appeal against a high court judgment that the party was liable for the outstanding money.

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