- The African National Congress Youth League was declared bankrupt by the Johannesburg High Court
- The ANCYL failed to pay legal fees and was subsequently declared to be bankrupt
- The legal fees stem from a case of defamation by Helen Zille against the league and former members Malema, Shivambu and Lili in 2010
The ANC Youth League was declared bankrupt on the 26th of July by the Johannesburg High Court.
A report by News24 indicated the ANCYL does not have a problem with money but does have a bad reputation of failing to pay their bills.
Later the night,the league showed proof of payment but by then it was too late and the order had already been made by Judge Sharise Weiner.
The debt the ANCYL failed to pay is from a case of defamation made against them in 2010 by Helen Zille.
The case was laid against Julius Malema, Andile Lili, Floyd Shivambu and the league itself after the defendants called Zille a 'racist girl'.
Zille's advocate during the case, Hugo de Waal, applied to have the ANCYL liquidated in November. He said that his then-client had given him the right to recover the costs which are about R93 218.
Briefly.co.za gathered that the Sheriff of the Court was unable to find assets of the ANCYL to attach, leaving no way to get the money.
The amount of the money owed by the league was not yet made public.
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