Big donations help ANC in KZN

2012-05-15 12:03
Pietermaritzburg - The ANC in KwaZulu-Natal received R8m in donations in the 2011/2012 financial year, bringing its bank balance to R11.5m, it was reported on Tuesday.

The figures are contained in the party's provincial financial report presented at its elective conference in Newcastle over the weekend.

The Witness reported that treasurer Peggy Nkonyeni told delegates that private donations to the party increased from R7.3m in 2009 to R16.3m in 2010. This dropped to R1.5m in 2011 and shot up again to R8m for the financial year ending March 2012.

"In 2008 the organisation received a measly R334 640 in donations," the report said.

The drop in donations between 2010 and 2011 meant the ANC’s bank account shrank from R18.7m to R6.9m. The most recent R8m donation ensured it was safely in the black.

The province's finances are now so good it has paid R3m upfront to cover rent for its headquarters until 2017, the newspaper reported.

Read more on:    anc  |  peggy nkonyeni  |  durban  |  pietermaritzburg  |  politics

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