By: Natasha Archary

The Sheriff of the court is outside the ANC’s headquarters, Luthuli House on Monday, 04 December ready to attach assets over the party’s R102 million debt.
This after the Gauteng High Court issued a writ of execution in May, allowing the Sheriff to attach movable assets from Luthuli House, which would be sold to recover the debt owed to Ezulweni Investments.
In 2019, the ANC made use of Ezulweni Investments to supply and install election promotional material, which included 30,000 PVC banners, and the collective removal after the elections.
The ANC was given 30 days to settle this debt in June 2022, for the sum of R100 050 000 and an additional R2 415 000, including interest on both amounts.
Failing to do that, has resulted in the Sheriff descending on Luthuli House to attach assets.
While the party denied that a contract was agreed upon, the High Court found that Ezulweni Investments CEO, Renash Ramdas, held a verbal agreement.
“The High Court found in favour of Ezulweni, holding that an oral agreement, as contended for by Ezulweni, for the supply and installation of the banners was in fact concluded. This conclusion was reached by the High Court, after finding that the evidence did not support the existence of the preconditions contended for by the ANC and that its officials had the requisite authority.”
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