The African National Congress (ANC) finds itself embroiled in a deepening debt crisis that threatens the party’s financial stability and operational capabilities. At the heart of this financial turmoil is an escalating debt dispute with Ezulweni Investments, which has grown from an initial R85 million to approximately R150 million by mid-2025, highlighting the severe financial challenges facing South Africa’s ruling party.
Understanding the ANC debt crisis
The debt originated from unpaid services for election campaign materials, including posters and banners, provided by Ezulweni Investments. The situation has deteriorated significantly after the ANC failed to honor multiple payment agreements, leading to court interventions and asset attachment orders.
Legal implications and asset seizures
Following successful court proceedings, sheriff officers have begun the process of attaching ANC assets and bank accounts. The iconic Luthuli House, serving as the party’s headquarters, now faces potential seizure as part of debt recovery efforts.
Key developments in the debt recovery process
- Attachment of various ANC assets and bank accounts
- Growing interest accumulation on the original debt
- Missed payment schedules and failed negotiation meetings
- Legal attempts to execute against party property
ANC’s response strategy
The party has launched a counter-offensive, taking legal steps to set aside Ezulweni’s writ of execution. Additionally, the ANC has called for a SARS investigation, suggesting a multi-pronged approach to addressing the debt crisis.
Financial impact assessment
The mounting ANC debt represents not just a financial burden but a significant threat to the party’s operational stability. With interest continuing to accrue, the total liability has nearly doubled, creating unprecedented pressure on the organisation’s financial resources.
The ongoing debt crisis presents a critical challenge for the ANC’s future financial management and political operations. As the situation continues to unfold, the resolution of this debt dispute could have far-reaching implications for South Africa’s political landscape.
