ANCYL faces liquidation

File photo

File photo

Published Jun 5, 2013

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Johannesburg - The dysfunctional ANC Youth League is facing a liquidation claim from an unpaid contractor.

The R15 million claim arises from the chaotic ANCYL national congress that installed Julius Malema as president.

The matter was due before the Johannesburg High Court on Wednesday.

The ANC parent body has opposed the application, saying the ANCYL is chaotic, under management and has no hidden assets.

The application is being brought by Z2 Presentations cc, which trades as University Events Management.

“The application has its origin from a judgment in the Free State High Court against the ANCYL in 2008, on which the current outstanding amount, interest included, is over R15m. The application is opposed and will be argued in court,” said attorney Marius van Rensburg, acting for University Events Management.

 

The sheriff twice attempted to seize ANCYL assets to pay off the debt, but there were no assets.

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