Mthatha - The Bosasa scandal emerging from the Zondo Commission of Inquiry into state capture will harm the African National Congress financially, according to ANC Eastern Cape treasurer Babalo Madikizela.
Speaking at an ANC Eastern Cape fundraising dinner at the Dan Lodge in Mthatha on Friday night, he said running an organisation like the ANC was becoming more expensive while revenue kept shrinking.
"It is going to be worse with the revelations that have been made by [Angelo] Agrizzi [at the Zondo Commission]," he said. However, he welcomed the arrest of Agrizzi and others this week allegedly involved in corruption.
Madikizela said the ANC required at least R550 million to run its campaign for the 2019 general elections. The party has raised at least R13 million through its provincial fundraising gala dinner on Friday night.
The event also attracted interest from business people in Limpopo, Mpumalanga, KwaZulu-Natal, and Gauteng. Madikizela, who hosted the fundraiser, said the money raised was far beyond their expectations.