Johannesburg – The African National Congress (ANC) is escalating its legal battle against Ezulweni Investments, aiming to overturn a court order that permits the seizure of party assets. This stems from a disputed debt originating from the 2019 elections. Facing a debt now exceeding R150 million due to accumulated interest, the ANC is challenging the writ of execution in court and simultaneously calling for an investigation by the South African Revenue Service (SARS) into alleged fraud by Ezulweni Investments.
ANC's Financial Woes Under Scrutiny
The ANC's financial stability is under intense scrutiny as sheriffs have already attached office furniture and frozen bank accounts at the party's headquarters. This legal challenge underscores a deepening crisis within the ruling party, raising concerns about transparency in political funding and its capacity to manage financial obligations. The ANC maintains that the original agreement with Ezulweni Investments was fundamentally flawed and is determined to recover funds it believes were wrongly disbursed.
Legal Recourse and Counterclaims
The ANC has formally notified Ezulweni Investments and its legal representatives of its intention to have the writ of execution overturned. This notification follows a detailed review of the case. The party is also preparing a counterclaim to recover all previous payments, asserting that Ezulweni has been unjustly enriched. The ANC insists on addressing the issue through appropriate legal channels and is committed to safeguarding its integrity. Mahier Tayob has been appointed to handle media inquiries related to the case once the application is formally lodged.
- ANC challenges Ezulweni Investments writ of execution.
- Calls for SARS investigation into alleged fraud.
- Debt exceeds R150 million.
- Legal battle intensifies amidst financial scrutiny.
This unfolding situation could potentially erode public confidence in the ANC, particularly with local elections approaching. The outcome of this legal battle will have significant implications for the party's future and its ability to govern effectively.