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ANC Faces Asset Seizure as Ezulweni Attaches Bank Account After R85.5m Writ

Ezulweni signals a court bid to sell property should recoveries from movables prove insufficient.

Overview

  • A sheriff inventoried contents at Luthuli House, valuing desks, chairs, computers and other movables at about R140,000, far below the debt.
  • Ezulweni’s lawyer says the party’s bank account has been attached and the firm expects the bank to disclose available funds within days for recovery.
  • The execution follows a court writ for R85.5 million tied to unpaid invoices, within a wider dispute cited at roughly R190 million.
  • If proceeds from movables and bank accounts fall short, Ezulweni plans to apply to have immovable property declared executable, with liquidation also on the table.
  • The case stems from 2019 election work and a late-2023 settlement that was reportedly breached in August, after earlier court losses for the ANC and an SCA rejection of its fraud claim.