‘Deadbeat’ ANC must pay R40m debt before getting IEC funds
Company needs its money now before ANC gets funding and blows that as Americans call those who 'welsh on' debts deadbeat
The African National Congress (ANC) finds itself embroiled in a legal battle to retain funding from the Electoral Commission of South Africa (IEC), after a business company attempts to attach the funds to settle a debt of R40 million. The magnitude of the debt owed by the ANC is exacerbated by their prolonged failure to pay their debts over the past six years, as well as their violation of multiple commitments, including by the current Deputy President Paul Mashatile.
Despite numerous requests for repayment, the ANC has received only vague promises from creditors, mirroring the empty pledges given during their rallies. However, the plight of many ANC creditors, including ordinary South Africans, has been a continuous struggle rather than an improvement in their financial situation. The company, seeking its due compensation, demands prompt payment before the ANC receives more funding, potentially exacerbating the existing debt.
The term "deadbeat" is aptly applied to those who fail to fulfill their financial obligations, a label the ANC might well embrace.
Written by urgent.news from The Citizen's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
