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ANC Faces Asset Search as Company Seeks Debt Recovery

ANC

Sheriff Descends on ANC Headquarters for Asset Collection

The Sheriff of the Gauteng High Court in Johannesburg took action against the ANC’s Luthuli House headquarters on Monday, seeking to recover assets after events company Ezulweni Investments attached the party’s accounts and physical assets. The move is part of an effort to retrieve over R100 million owed by the ANC for services rendered during the 2019 elections campaign.

Determined Debt Recovery

Events company Ezulweni Investments, adamant about reclaiming the owed funds, served a writ of execution on the ANC. The Sheriff subsequently attached the party’s bank accounts and assets. Peter Fernando of Ezulweni expressed the company’s resolve in recovering the money and disappointment in the ANC’s perceived reluctance to comply with the High Court judgment.

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“We can see that they don’t want to pay, they don’t respect the judgment given by the High Court. They are undermining the justice system, and we are disappointed that the ruling party is behaving in that manner. We see they want to prolong this.”

Writ of Execution Details

The writ of execution outlines the directive to seize movable goods at Chief Albert Luthuli House, with a specified amount of R102,465,000 plus interest. The interest accrues at varying rates from September 1, 2019, to the date of full payment. The Supreme Court of Appeal had previously dismissed the ANC’s appeal, affirming the party’s responsibility for the outstanding amount.

Cataloguing Assets

While physical assets, including laptops, couches, and printers at the ANC headquarters, have not been removed, the Sheriff has cataloged them. The action marks a significant step in Ezulweni’s pursuit of debt recovery from the ANC.

ANC spokesperson Mahlengi Bhengu-Motsiri was not immediately available for comment.

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