ANCYL financial state vindicates Malema - EFF

2014-08-21 14:46
(Photo:  Sapa)

(Photo: Sapa)

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories


ANCYL ready for new leadership

2014-08-21 08:50

The ANC Youth League has stabilised and is ready to elect new leadership, the national task team (NTT) said on Wednesday. Watch. WATCH

Johannesburg - The ANC Youth League's statement that it is financially sound was welcomed by the EFF on Thursday because it vindicated party leader Julius Malema, it said.

"The convenor of the ANCYL has in the past blamed the commander-in-chief of the EFF, who was leader of the ANCYL, for the supposed financial problems of the organisation," Economic Freedom Fighters' spokesperson Mbuyiseni Ndlozi said.

"Yesterday, the [ANCYL] convenor indicated that the finances are in a good place, inadvertently dispelling his self-made misconceptions about the commander-in-chief."

Debt, liquidation

During Malema's time as African National Congress Youth League leader, the organisation got itself into extensive debt, which led to liquidation cases against it.

There were allegations that millions of rands of the ANCYL's money had gone missing.

ANCYL convenor Mzwandile Masina denied this on Wednesday.

"The ANCYL [at the time] was spending money it did not have. No one stole the money... it was just an abuse of processes."

He said the ANCYL's financial problems had been resolved.

"We have attempted to pay everybody. As it stands we have no court orders before us."

Ndlozi on Thursday claimed the blame initially put on Malema was part of a plot to tarnish his reputation.

"The Economic Freedom Fighters welcomes the ANCYL's sobering statements that its funds are in order and have been in order all along."

Read more on:    anc  |  eff  |  ancyl  |  julius malema  |  politics

Join the conversation! encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions. publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Inside News24

Financial advisors – Do you need one and should you get one?

The good, the bad, and everything else you need to know when considering hiring a financial advisor.


Book flights

Compare, Book, Fly

Traffic Alerts
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.