After sezing assets at ANC's HQ, Ezulweni Investments to target party's provincial & local offices to recoup R122m it is owed

After seizing assets at the African National Congress (ANC)’s Luthuli House offices, Ezulweni Investments says it is now targeting the party’s provincial and local offices to recoup the R122 million owed to it. 

In 2023, the ANC reached a settlement agreement with the printing and marketing company for the unpaid work on election banners. 

Ezulweni says the ANC has only defaulted on its payment, resulting in the company attaching the party’s movable assets and bank accounts last Thursday through a writ of execution.

The ANC says it is intends to pursue a counterclaim for all the payments it has made and has also threatened to privately prosecute directors of the company.

Ezulweni attorney, Shafique Sarlie, said that both the high court and the Supreme Court of Appeal have confirmed the ANC owes it money for the services it rendered back in 2019.

"In the week coming, we will be broadening the attachment process, by looking at provincial offices and any movable goods there. We will also seek to find further bank accounts, etc for attachment and execution and, of course, if all fails, it's when we will consider proceeding with liquidation proceedings against the ruling party."