Bid To Seize Anc Assets After Failure To Pay R102m Bill Moneyweb

By switzerlandersing On Sep 10, 2025

02: Issue And Redemption Of Debentures / Accountancy-II

02: Issue And Redemption Of Debentures / Accountancy-II Four years after a kwazulu natal based marketing company scored a r102 million contract to supply election posters and banners for the anc, it has still not received a cent. Kwazulu natal marketing company ezulweni investments has applied to seize assets of more than r102 million from the anc to cover a debt. the company supplied election posters and banners four years ago but has not been paid.

02: Issue And Redemption Of Debentures / Accountancy-II

02: Issue And Redemption Of Debentures / Accountancy-II The high court ruling comes four years after the kwazulu natal based marketing company scored a r102 million contract to supply election posters and banners for the anc. The anc has failed to pay a kwazulu natal marketing company, ezulweni investments, for an r102 million contract to supply election posters and banners. Previously ezulweni applied to seize assets worth more than r102m from the anc after the party refused to pay it despite two judgments in the company’s favour, one handed down in. In the judgment on friday, the sca said the anc had denied entering into an agreement with ezulwini investments for r102m to supply posters and banners. it said although the appeal by the anc had lapsed, it agreed to reinstate it. the sca also refused the anc to admit further evidence on the matter.

02: Issue And Redemption Of Debentures / Accountancy-II

02: Issue And Redemption Of Debentures / Accountancy-II Previously ezulweni applied to seize assets worth more than r102m from the anc after the party refused to pay it despite two judgments in the company’s favour, one handed down in. In the judgment on friday, the sca said the anc had denied entering into an agreement with ezulwini investments for r102m to supply posters and banners. it said although the appeal by the anc had lapsed, it agreed to reinstate it. the sca also refused the anc to admit further evidence on the matter. Four years after a kwazulu natal based marketing company scored a r102 million contract to supply election posters and banners for the anc, it has still not received a cent. the ruling party. Nine judges in three different courts have now ruled that ezulwini investments had a binding contract with the party. the company gave the anc until tomorrow to pay the r102m or face liquidation. The gauteng high court in johannesburg has issued a writ order to auction off the anc's assets in connection with the r102.4 million debt owed by the party. a branding company, ezulweni investments, says the anc owes it millions for a branding campaign linked to the party's 2019 election campaign. The african national congress (anc) has been given until tomorrow to pay a kwazulu natal based event company over r100 million or face liquidation. yesterday, the sheriff of gauteng high court went to the party’s headquarters at sauer street in the johannesburg cbd to seize the assets at luthuli house.

02: Issue And Redemption Of Debentures / Accountancy-II

02: Issue And Redemption Of Debentures / Accountancy-II Four years after a kwazulu natal based marketing company scored a r102 million contract to supply election posters and banners for the anc, it has still not received a cent. the ruling party. Nine judges in three different courts have now ruled that ezulwini investments had a binding contract with the party. the company gave the anc until tomorrow to pay the r102m or face liquidation. The gauteng high court in johannesburg has issued a writ order to auction off the anc's assets in connection with the r102.4 million debt owed by the party. a branding company, ezulweni investments, says the anc owes it millions for a branding campaign linked to the party's 2019 election campaign. The african national congress (anc) has been given until tomorrow to pay a kwazulu natal based event company over r100 million or face liquidation. yesterday, the sheriff of gauteng high court went to the party’s headquarters at sauer street in the johannesburg cbd to seize the assets at luthuli house.