November 30, 2021

ANC staff strike as cash crunch worsens

South Africa’s ruling African Nationwide Congress is mired in a monetary disaster that’s partly of its personal making.

The celebration has run out of cash and its failure to pay its staff for months prompted a few of them to go on strike on Thursday. Efforts to replenish its depleted coffers have fallen flat, with company donors reluctant to contribute following the adoption of a brand new funding disclosure legislation that was spearheaded by president Cyril Ramaphosa’s administration and goals at clamping down on corruption.

The Political Social gathering Funding Act, which got here into impact in April, requires all donations to political events exceeding R100,000 ($6,701) to be publicly disclosed, and forbids events from accepting greater than R15 million a yr from a single donor.

In addition they aren’t allowed to obtain cash from authorities entities, and might solely settle for funding from overseas governments or businesses whether it is used for coaching and coverage improvement.

The monetary squeeze comes simply months earlier than the nation is because of maintain municipal elections and can hamper the ANC’s marketing campaign. Its solely comfort is that different events are equally cash-strapped — the primary opposition Democratic Alliance has retrenched staff over current months and is contemplating promoting its Johannesburg headquarters.

“The ANC management will continue to engage with staff representatives on their grievances with a view to find a solution so that we can resume normal operations,” the celebration mentioned in an announcement late Wednesday.




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