Get more Mail & Guardian
Subscribe or Login

ANC denies it is broke

“We refute the claim and allegation that the ANC is broke and facing bankruptcy,” spokesperson Zizi Kodwa said.

The ANC was funded largely through donations and was “not a profit-making organisation”, he said.

The Mail & Guardian reported on Friday that the ruling party was facing financial difficulties after its electoral funding was cut by R20-million due to a reduced share of parliamentary seats.

The M&G reported that almost half the party’s staff could be retrenched. Kodwa said the ANC had spent a significant amount of money in its centenary celebrations but declined to comment on the retrenchments. “The issue of salaries and staff in the ANC, reported in M&G, is between the ANC and its employees.” 

“The ANC’s record speaks for itself. For the past 10 years the ANC has not retrenched any staff members. We value the sacrifices and contributions our staff have made. We are a caring organisation,” Kodwa said. 

The M&G reported that ANC secretary general Gwede Mantashe denied there was a need for retrenchments but quoted him as saying “the ship is tight”. – Sapa

Subscribe for R500/year

Thanks for enjoying the Mail & Guardian, we’re proud of our 36 year history, throughout which we have delivered to readers the most important, unbiased stories in South Africa. Good journalism costs, though, and right from our very first edition we’ve relied on reader subscriptions to protect our independence.

Digital subscribers get access to all of our award-winning journalism, including premium features, as well as exclusive events, newsletters, webinars and the cryptic crossword. Click here to find out how to join them and get a 57% discount in your first year.

Sapa
Guest Author

Related stories

WELCOME TO YOUR M&G

If you’re reading this, you clearly have great taste

If you haven’t already, you can subscribe to the Mail & Guardian for less than the cost of a cup of coffee a week, and get more great reads.

Already a subscriber? Sign in here

Advertising

Subscribers only

Zondo commission: 10 unanswered questions

Zuma went to jail rather than testify. Some who did told blatant lies. Who decided Cabinet appointments and how much money was carried out of Saxonwold?

Local elections: Water tops the agenda in Limpopo’s dry villages

People in the Fetakgomo Tubatse local municipality, who have to collect water from Motse River, are backing independent candidates because they’re tired of parties’ election promises

More top stories

Zondo commission: 10 unanswered questions

Zuma went to jail rather than testify. Some who did told blatant lies. Who decided Cabinet appointments and how much money was carried out of Saxonwold?

Nigeria’s palm wine tappers face stiff competition

Large companies such as International Breweries and Nigerian Breweries are vying for the population’s drinking money

Covid-19 border closures hit Zimbabwe’s women traders hard

The past 18 months have been tough for women cross-border traders, who saw their income vanish when borders closed

Local elections: Water tops the agenda in Limpopo’s dry villages

People in the Fetakgomo Tubatse local municipality, who have to collect water from Motse River, are backing independent candidates because they’re tired of parties’ election promises
Advertising

press releases

Loading latest Press Releases…
×