{"id":57763,"date":"2023-12-09T08:21:51","date_gmt":"2023-12-09T08:21:51","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/all-news\/ezulweni-relaxes-deadline-for-anc-to-settle-r100m-debt"},"modified":"2023-12-09T08:55:32","modified_gmt":"2023-12-09T08:55:32","slug":"ezulweni-relaxes-deadline-for-anc-to-settle-r100m-debt","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/ezulweni-relaxes-deadline-for-anc-to-settle-r100m-debt","title":{"rendered":"Ezulweni relaxes deadline for ANC to settle R100m debt"},"content":{"rendered":"

Africa-Press – South-Africa. <\/strong><\/span>Ezulweni Investments has granted the ANC a second chance to devise a payment plan and settle its debt.<\/p>\n

<\/a>The company said it would delay the initiation of liquidation proceedings until the close of business on Tuesday, December 12.<\/p>\n

<\/a><\/p>\n

The company says it is owed more than R100m by the ANC for banners and posters delivered for the party\u2019s national elections campaign in 2019. Ezulweni has been embroiled in a bitter court battle with the governing party for four years.<\/p>\n

In a statement released on Thursday, CEO Renash Ramdas said while providing this extended deadline, the company was concurrently preparing an opposing affidavit to challenge the ANC\u2019s application for leave to appeal.<\/p>\n

\u201cAs stated previously, the application [ANC\u2019s leave for appeal] is without merit or substance. In due course, Ezulweni will file its opposing affidavit, and the opposing papers will speak for themselves,\u201d said Ramdas.<\/p>\n

ANC spokesperson Mahlengi Bhengu-Motsiri<\/a> said she had not seen the statement and therefore could not comment.<\/p>\n

Ramdas said the temporary halt on liquidation proceedings is a gesture acknowledging the sacrifices made by the party in liberating the country.<\/p>\n

\u201cThis is to afford concerned loyalists of the ruling party some time and opportunity to resolve the dispute or take cession of the debt, putting on hold the intention to proceed with the liquidation proceedings,\u201d he said.<\/p>\n

This decision follows the company\u2019s previous deadline of Wednesday this week, in which it sought a payment security from the ruling party.<\/p>\n

\u201cIn telephonic engagements between Ezulweni\u2019s attorney Shafique Sarlie and the ANC\u2019s attorney Ephraim Malapane before the deadline, Sarlie was assured that the ANC \u2014 specifically the secretary-general [Fikile Mbalula] \u2014 was in discussion with Malapane. Attorneys expected timely instructions from their client, which would then be communicated to Ezulweni\u2019s attorneys.\u201d said Ramdas.<\/p>\n

\u201cAstonishingly, by the close of business on Wednesday, no reply whatsoever had been received from the ANC\u2019s attorneys.\u201d<\/p>\n

Loyalists of the ANC had reached out to Ezulweni expressing a desire to resolve the matter, Ramdas added.<\/p>\n

<\/a>\u201cThey have described the manner in which the secretary-general delegated the task of dealing with this matter as \u2018insane and irrational\u2019. They have beseeched Ezulweni not to commence liquidation proceedings against the ANC, fearing the further reputational damage it will do to the ANC and the dire implications such proceedings will have for the ruling party.\u201d<\/p>\n

For More News And Analysis About South-Africa<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – South-Africa. Ezulweni Investments has granted the ANC a second chance to devise a payment plan and settle its debt. The company said it would delay the initiation of liquidation proceedings until the close of business on Tuesday, December 12. The company says it is owed more than R100m by the ANC for banners […]<\/p>\n","protected":false},"author":84,"featured_media":57762,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,12],"tags":[274,315,275],"class_list":["post-57763","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-africa-press","tag-africa-press-south-africa","tag-south-africa-2"],"yoast_head":"\nEzulweni relaxes deadline for ANC to settle R100m debt - South Africa<\/title>\n<meta name=\"description\" content=\"Ezulweni Investments has granted the ANC a second chance to devise a payment plan and settle its debt. <a name="divVide ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/ezulweni-relaxes-deadline-for-anc-to-settle-r100m-debt\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ezulweni relaxes deadline for ANC to settle R100m debt\" \/>\n<meta property=\"og:description\" content=\"Ezulweni Investments has granted the ANC a second chance to devise a payment plan and settle its debt. <a name="divVide ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/ezulweni-relaxes-deadline-for-anc-to-settle-r100m-debt\" \/>\n<meta property=\"og:site_name\" content=\"South Africa\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-09T08:21:51+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-12-09T08:55:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2023\/12\/sm_1702099463.710519.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"738\" \/>\n\t<meta property=\"og:image:height\" content=\"477\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/ezulweni-relaxes-deadline-for-anc-to-settle-r100m-debt#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/ezulweni-relaxes-deadline-for-anc-to-settle-r100m-debt\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Ezulweni relaxes deadline for ANC to settle R100m debt\",\"datePublished\":\"2023-12-09T08:21:51+00:00\",\"dateModified\":\"2023-12-09T08:55:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/ezulweni-relaxes-deadline-for-anc-to-settle-r100m-debt\"},\"wordCount\":412,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/ezulweni-relaxes-deadline-for-anc-to-settle-r100m-debt#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2023\/12\/sm_1702099463.710519.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-South-Africa\",\"South-Africa\"],\"articleSection\":[\"all news\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-africa\/all-news\/ezulweni-relaxes-deadline-for-anc-to-settle-r100m-debt#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/ezulweni-relaxes-deadline-for-anc-to-settle-r100m-debt\",\"url\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/ezulweni-relaxes-deadline-for-anc-to-settle-r100m-debt\",\"name\":\"Ezulweni relaxes deadline for ANC to settle R100m debt - 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