ANC Says It Is Not Rich but Surviving Despite Selling Assets, Claims Staff Have Receives Salaries

ANC Says It Is Not Rich but Surviving Despite Selling Assets, Claims Staff Have Receives Salaries

  • The African National Congress (ANC) plans to sell some of its pricy assets, including property located abroad
  • The ruling party claims that it is not rich but is managing to survive and has been able to pay its staff their salaries
  • ANC treasurer-general Paul Mashatile said a comprehensive strategy has been created to deal with its properties

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JOHANNESBURG - The African National Congress (ANC) says it will pay its staff this month despite its R500 million debt. This comes as the ruling party confirmed that it would be selling some of its assets.

Paul Mashatile
ANC treasure-general Paul Mashatile says staff slaries have been paid. Image: Gulshan Khan
Source: Getty Images

Despite the party’s financial struggles, it claims its current situation has nothing to do with the need to relieve some assets. Several assets including property abroad will be sold to manage the ANC’s properties in one company.

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According to TimesLIVE, ANC treasurer-general Paul Mashatile said the ruling party was in exile for several years; therefore, the decision to evaluate the condition of some assets was made. He said property that is no longer needed would be sold.

The party claims the financial struggles are due to the R15 million cap on donations that a party can receive yearly.

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Mashatile said the party’s fundraising efforts continue despite being difficult. He said all ANC staff have been paid and will continue receiving their salaries.

The ANC’s treasurer-general added that while the party is not rich, it is surviving. Mashatile said the ANC had developed a comprehensive strategy to deal with its properties and get a grip on its finances, SowetanLIVE reported.

Citizens are concerned about the country’s future under the ANC leadership:

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Tumelo J-Black Wonder said:

“Come elections this is the very same party that will be promising people jobs.”

Mphilende Mlotjwa posted:

“If they can’t manage their own house, how can they manage the country?”

Ikaneng Mokotedi wrote:

“That’s a temporary solution, what will happen after the money has finished.”

Matome Mathekga commented:

"Soon they will consider selling the country, anything is possible."

Ntlantla Michael stated:

“Funny enough its leaders and cabinet ministers never went home without their salaries but they allowed such to their employees.”

Belinda Kayton added:

“Wow. They are now selling what they’ve stolen. Their level of corruption knows no end. Unbelievable.”

Cash-strapped ANC wants to charge media houses to broadcast elective conference

Briefly News also reported the African National Congress (ANC) wants media houses to fork out cash to report from the party’s 55th national conference in December.

The ruling party believes it is only fair for media houses to meet it halfway by paying for access to the conference.

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ANC says media houses will not have to pay for spot at elective conference, Mzansi tired of flip-flopping

Speaking to TimesLIVE, ANC spokesperson Pule Mabe said the party would discuss its plans with advertising divisions in media houses across the country.

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Source: Briefly News

Authors:
Bianca Lalbahadur avatar

Bianca Lalbahadur Bianca Lalbahadur is a current affairs journalist at Briefly News. With a knack for writing hard-hitting content, she is dedicated to being the eyes and ears of South Africans. As a young and vibrant journalist, Bianca is passionate about providing quality and factual stories that impact citizens. She graduated from the Independent Institute of Education in 2017 and has worked at several award-winning Caxton associated community newspapers.