South African Ruling Party in Hot Water Over Debt Arrears SouthAfrica
The ruling African National Congress is facing the prospect of having its assets attached, after their lawyers failed to meet a deadline for an appeal to the Supreme Court of Appeal. The party reportedly failed to pay a Kwazulu-Natal based marketing company for printing election materials four years ago.
The party has been experiencing financial troubles for some time. Workers directly employed by the partyBid to Seize ANC Assets After Failure to Pay U.S.$5.5 Million BillKwaZulu-Natal marketing company has still not been paid for election posters and banners provided four years ago
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Massive growth for South African software development company CodehesionSouth African software development company Codehesion has continued its huge growth from 2022 into the start of 2023.
Read more »
Daily Investor grows to over 1 million South African readersDaily Investor – South Africa’s premier finance, investing, and business publication – reached a record 1.2 million monthly readers and 3.5 million page views in March.
Read more »
South African business activity contracts in March - PMISouth African private sector economic activity contracted in March as rotational power cuts and inflationary pressures weighed on business, a survey showed on Wednesday.
Read more »
Best virtual meeting apps for South African businessesHere are some of the most popular video conferencing platforms available to businesses in South Africa.
Read more »
South African Treasury Takes Eskom to Task Over ExpenditureThe Treasury has withdrawn the decision which allowed Eskom to forego reporting irregular or wasteful expenditure. According to Finance Minister Enoch Godongwana, the decision was made after consultation with the auditor general and a public outcry.
Read more »
South African households are in troubleThe CEO of National Debt Advisors provides insight into the crushing likelihood of a debt cycle.
Read more »