ANC reaches out-of-court settlement with Ezulwini Investments

A delegate stands near a banner during the 55th National Conference of the ruling African National Congress (ANC) at the Nasrec Expo Centre in Johannesburg, December 18, 2022.

Image Credits :
Reuters

Zoleka Qodashe

22 December 2023, 12:57 [SAST]

Reading Time: < 1 minute

The African National Congress (ANC) says it has reached an out-of-court settlement with Ezulwini Investments over the R102 million election posters contract.

The party had threatened to take the matter to the Constitutional Court after the Supreme Court of Appeal ruled against it.

Earlier this year, the Office of the Sheriff raided the party’s headquarters at Luthuli House in Johannesburg in an attempt to settle the debt.

ANC President Cyril Ramaphosa took over the handling of the matter.

Party stalwarts and business people approached Ezulweni to pay the debt.

VIDEO | ANC settles R102-million dispute with Ezulwini Investments: