Financial report: Skyrocketing operational costs will lead to bankruptcy, warns Phosa

2012-12-18 00:00

THE ANC risked bankruptcy if it did not curb its high operational costs, outgoing treasurer-general Mathews Phosa has warned.

A further R218 million (15%) came from the party’s share of the Independent Electoral Commission grant to political parties represented in Parliament. 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.

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