Defend Truth

ANC@112

ANC turns to crowdfunding to stabilise its finances

ANC turns to crowdfunding to stabilise its finances
BLOEMFONTEIN, SOUTH AFRICA ? JANUARY 07: President Cyril Ramaphosa at the ANC Presidential Gala Dinner hosted at Imvelo Safari Lodge on January 07, 2023 in Bloemfontein, South Africa. The gala dinner forms part of the ANC 111th anniversary celebrations. (Photo by Gallo Images/Volksblad/Mlungisi Louw)

The ANC has established a crowdfunding initiative where its members and the public can make monetary contributions aimed at stabilising the party’s finances and helping it run a smooth election campaign.

The initiative will allow people to make pledges in two ways; a short SMS code for pledges ranging between R10-R30 and an EFT payment system where people can pledge between R100 – R99 000.  

ANC president, Cyril Ramaphosa announced this on Friday, 12 January while addressing hundreds of delegates attending the PBF annual Presidential Gala Dinner ahead of the party’s 112th birthday celebration on Saturday in Mbombela, Mpumalanga. 

“We remain committed to renewing, rebuilding and strengthening our organisation so that it has the means and resources to advance this work.  

“As part of this effort, I am pleased to tonight announce the official launch of the ANC crowdfunding initiative championed by the treasurer general, this crowdfunding initiative will allow our members, it will also allow our supports many of whom are seated here, and the general public to donate to the ANC as part of ensuring that the party works towards financial sustainability and self-sufficiency,” the president said.   

The dinner was attended by hundreds of people who forked out between R50 000 and up to R500 000 for a seat at Ramaphosa’s table. 

Ramaphosa said the large turnout at the event was a testament to the willingness of supporters and members to ANC. The crowdfunding initiative would be a great tool to also reach those who could not physically attend the event to support the ANC, the president said. 

The party’s website stipulates that the initiative will better equip it to register a “decisive win in the forthcoming National and Provincial General Elections in 2024.”  

It says the pledges will help the party live up to its 55th Conference resolutions, the Manifesto Declarations and commitments to the people and deliver on its National Programme of Action. 

“When ordinary and extraordinary South Africans pledge to the movement, they are making it their personal responsibility to help the party continue the work of  transforming  South Africans’ lives for the better.”   

The crowdfunding initiative came days after the party reached an out-of-court settlement in its R102-million debt, plus interest and costs it owes to Ezulweni Investments. This is a company that printed election banners and other campaign material featuring Ramaphosa, which helped clinch a win for the party in the 2019 elections.  

Read more in Daily Maverick: ConCourt unlikely to overturn Ezulweni liquidation order – but it could buy time for the ANC 

The ANC has over the years had severe financial troubles as it struggled to meet its financial obligations to staff members and creditors. Previously, the party’s website crashed when it failed to pay a service provider, and its archive is now hosted under a different domain name. In 2021 and 2022, under the leadership of then treasurer-general, Paul Mashatile, staff held regular protests at headquarters, Luthuli House because of unpaid salaries, UIF and pension contributions. 

In December 2023, the party’s national spokesperson, Hlengiwe Motsiri-Bhengu said the party’s finances remained stable for the year and as a result it met its financial obligations and paid all its suppliers who rendered services for various events – on time.  

Last week, Treasurer General, Gwen Ramokgopa, echoed similar sentiments.  

“We have been able to stabilise our finances to the extent that we are able to execute our task of managing democracy, monitoring the effectiveness of government and responding to the needs of citizens,” she told Sunday Times

Ramaphosa’s January 8th Statement is expected to touch on several issues including SA’s genocide case against Israel, the party’s plans to root out corruption, end rolling blackouts, alleviate poverty and stop rampant crime.DM

Gallery

Comments - Please in order to comment.

  • Robert Morgan says:

    The sheer audacity of these miscreants is breathtaking; their cynicism unplumbable. Half a brick to sit at a table with Ramaposeur? I hope he’s brushed up his table manners. He should be doing porridge, not eating the stuff.

  • Wendy Dewberry says:

    Gobsmacks aside, it would be very interesting to find out how much more the ANC can squeeze out of the people they so poorly failed. (I assume that part of our citizenry is targeted based on the ten rand pledges).

    Part of me is intrigued by this feint whiff of an idea of putting your money where your vote is. Completely undemocratic, but there it sits in the shadows.

  • Gusha Ngantweni says:

    With all of its governance shortcomings and mistakes, there is no other party that has the ANC’s history of caring and
    fighting for SA, for the marginalised and the poor.

    Sadly it has allowed itself to be captured by the visionless, the incompetent and the corrupt.

    The ANC’s renewal, rebirth and re-engineering require a people’s unity and enormous
    resources.

    • Lisbeth Scalabrini says:

      “there is no other party that has the ANC’s history of caring and fighting for SA, for the marginalised and the poor.”🤣🤣

    • Middle aged Mike says:

      The caring part of it’s history is of the distant variety. The ANC is nothing more than an infestation of ticks sucking the life out of the country and that’s been the case for at least 20 years.

  • Dave Barnes says:

    “And most of them wasted the money they had. Few, very few, warned against wasteful and over spending. Even fewer said they should act against corruption. So they spent it all. Then they asked their supporters for more money.”
    A study of lunacy.

  • Joe Soap says:

    There is no we in the ANC, only I. Sure there is a lot of stealing going on in the ANC as well.

  • Sliver Fox says:

    R500,000 for a seat at the president’s table? I imagine this is how the Gupta fiasco began. Why would you pay for such a seat if not for personal gain?

  • David Mitchley says:

    April fool has come early this year 🤣🤣🤣

  • David C says:

    I’d be interested to hear why none of the legal-minded Civil Society Organisations (such as FUL) have not approached the courts to force the ANC to provide it’s financial statements and source of funds. I’m pretty sure there is an excellent “Public Good” argument to be made to shine a light on how a bankrupt organisation (financially and morally) suddenly has the funds to settle R100m debts and contest an election.

    Does anyone else think Russia, Iran, Cuba and Hamas may be channeling some funds into the ANC coffers (via the President’s couches, of course)?

  • William Dryden says:

    Last desperate attempt to get money as the taxpayers piggy bank is empty.

  • Johann Brummer says:

    There is a distinct difference between “donations” which expect no return and “investments” which do most certainly expect a return.

    “donations” running into R10s of thousands are simply NOT donations they are investments. Whether a R500k investment is disguised as the price of a seat at Ramaphosa’s table or a R50m investment is declared as a donation, both “donors” expect a return and will ensure that they get it. To pretend otherwise is just lying to yourself.

  • Middle aged Mike says:

    The shamelessness of these people is staggering. They look to the people who’s future’s they have stolen by looting the fiscus to prop them up when their profligate spending on bling catches up. No doubt they’ll haul in a fortune as one thing we aren’t short of in SA is morons.

  • Tony Aka Tony says:

    Sounds almost like a recent orange president scamming his voters out of their hard earned money by begging, without delivering on promises?

  • Jennifer D says:

    I’m wondering why they don’t ask the people they appointed to senior positions all over the country to give them some of the billions they stole?

  • Lounge Lizard says:

    “Crowdfunding” is a relatively easy way to launder much larger donations / bail-out funds received from donors or sources the ANC want to keep hidden.

Please peer review 3 community comments before your comment can be posted

X

This article is free to read.

Sign up for free or sign in to continue reading.

Unlike our competitors, we don’t force you to pay to read the news but we do need your email address to make your experience better.


Nearly there! Create a password to finish signing up with us:

Please enter your password or get a sign in link if you’ve forgotten

Open Sesame! Thanks for signing up.

We would like our readers to start paying for Daily Maverick...

…but we are not going to force you to. Over 10 million users come to us each month for the news. We have not put it behind a paywall because the truth should not be a luxury.

Instead we ask our readers who can afford to contribute, even a small amount each month, to do so.

If you appreciate it and want to see us keep going then please consider contributing whatever you can.

Support Daily Maverick→
Payment options