ANC thinking about selling noncore assets to cut debt
Party beset by financial difficulties as it presents itself as steward of a well-run country ahead of leadership contest
14 November 2022 - 20:18
The ANC is considering selling some of its noncore assets, including certain commercial properties at home and abroad, to lighten its huge debt burden.
The party is cash-strapped and often fails to pay taxes and salaries. This has put it in the crosshairs of the SA Revenue Service and the Financial Sector Conduct Authority (FSCA). ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.