From Russia with love: Company owned by Putin’s billionaire oligarch pal donated R5m to ANC

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Skolkovo Foundation president Viktor Vekselberg.
Skolkovo Foundation president Viktor Vekselberg.
Photo by Artyom GeodakyanTASS via Getty Images


The cash-strapped ANC received a R5 million donation from a mining company partly owned by billionaire Russian oligarch Viktor Vekselberg, who has ties to Russian President Vladimir Putin.

Manganese mining company United Manganese of Kalahari (UMK), the fourth largest producer of manganese ore in the country and with a balance sheet north of R2.5 billion, is listed among the companies that donated to the ANC between April and June this year, in the first ever Political Party Funding Report released by the Independent Electoral Commission on Thursday. 

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