ANC refutes claims its finances in dire straits

JOHANNESBURG - The African National Congress (ANC) has refuted claims that its finances were in dire straits.

This followed reports the party was struggling to raise enough funds to print election materials for the upcoming national and provincial elections at the end of May.

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A report in Sunday morning's City Press newspaper quoted ANC Treasurer-General Gwen Ramokgopa, saying that the party was in a stable financial position.

Ramokgopa said a system of asset management was since put in place to curb their alleged financial woes.

The ANC, over the years, has had severe financial troubles as it struggled to meet its financial obligations to staff members and creditors.