ANCYL faces liquidation over R15m debt

2013-06-05 08:21


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Johannesburg - The ANC Youth League is facing a liquidation claim in the South Gauteng High Court on Wednesday, The Star newspaper reported.

The R15m claim by an unpaid contractor dated back to the ANCYL national congress in Mangaung in the Free State in 2008 when Julius Malema was elected leader.

The liquidation application would be brought by Z2 Presentations CC, which trades as University Events Management.

"The application has its origin from a judgment in the Free State High Court against the ANCYL in 2008, on which the current outstanding amount, interest included, is over R15m," said University Events Management lawyer Marius van Rensburg.

"The application is opposed and will be argued in court."

The Star said the sheriff twice tried to seize youth league assets to pay off the debt, but there were no assets.

The ANC parent body has reportedly opposed the application, saying the ANCYL is chaotic, under ANC management, and has no hidden assets.

Read more on:    anc  |  ancyl  |  bloemfontein  |  politics

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