{"id":8912,"date":"2013-08-11T16:35:06","date_gmt":"2013-08-11T16:35:06","guid":{"rendered":"http:\/\/praag.org\/?p=8912"},"modified":"2013-08-11T16:35:06","modified_gmt":"2013-08-11T16:35:06","slug":"does-anc-youth-league-owe-r50-million","status":"publish","type":"post","link":"https:\/\/praag.org\/?p=8912","title":{"rendered":"Does ANC Youth League owe R50 million?"},"content":{"rendered":"<p style=\"text-align: justify;\"><a href=\"http:\/\/praag.org\/wp-content\/uploads\/2012\/09\/ancyl_logo.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-2047\" alt=\"ancyl_logo\" src=\"http:\/\/praag.org\/wp-content\/uploads\/2012\/09\/ancyl_logo-300x150.jpg\" width=\"300\" height=\"150\" srcset=\"https:\/\/praag.org\/wp-content\/uploads\/2012\/09\/ancyl_logo-300x150.jpg 300w, https:\/\/praag.org\/wp-content\/uploads\/2012\/09\/ancyl_logo.jpg 600w\" sizes=\"auto, (max-width: 300px) 85vw, 300px\" \/><\/a>The ANC Youth League (ANCYL) could not confirm a report on Sunday that it owed creditors R50 million, saying only that it owed &#8220;a lot of money&#8221;.<\/p>\n<p style=\"text-align: justify;\">&#8220;Everybody has been quoting a figure, we are still verifying how much the ANCYL owes,&#8221; spokesman Bandile Masuku said.<\/p>\n<p style=\"text-align: justify;\">&#8220;The figure could be less [than R50 million] or more.&#8221;<\/p>\n<p style=\"text-align: justify;\">He was reacting to a report in the Sunday Times that the organisation was R50m in the red, and struggling to run its affairs efficiently.<\/p>\n<p style=\"text-align: justify;\">Masuku said the league was still receiving requests for payments. The organisation was making a plan to pay its creditors.<\/p>\n<p style=\"text-align: justify;\">&#8220;The organisation has been plagued by financial problems for some time now. Our task is to get all resources together and settle with creditors,&#8221; he said.<\/p>\n<p style=\"text-align: justify;\">The amounts owed included R15m to the company University Events Management, for services rendered during the league&#8217;s 2008 national conference in Bloemfontein; and an undisclosed amount to Gallagher Estate, Midrand, for the 2011 national congress, according to the Sunday Times.<\/p>\n<p style=\"text-align: justify;\">It also had a R270,000 legal bill, relating to the case of the league&#8217;s former spokesman Floyd Shivambu calling a journalist a drunkard. &#8211; Sapa<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The ANC Youth League (ANCYL) could not confirm a report on Sunday that it owed creditors R50 million, saying only that it owed &#8220;a lot of money&#8221;. &#8220;Everybody has been quoting a figure, we are still verifying how much the ANCYL owes,&#8221; spokesman Bandile Masuku said. &#8220;The figure could be less [than R50 million] or &hellip; <a href=\"https:\/\/praag.org\/?p=8912\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Does ANC Youth League owe R50 million?&#8221;<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":2047,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,4],"tags":[432,99,4996,4995,1603,396],"class_list":["post-8912","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-south-africa","tag-anc-youth-league","tag-ancyl","tag-bandile-masuku","tag-creditors","tag-debt","tag-floyd-shivambu"],"cc_featured_image_caption":{"caption_text":false,"source_text":false,"source_url":false},"jetpack_featured_media_url":"https:\/\/praag.org\/wp-content\/uploads\/2012\/09\/ancyl_logo.jpg","_links":{"self":[{"href":"https:\/\/praag.org\/index.php?rest_route=\/wp\/v2\/posts\/8912","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/praag.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/praag.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/praag.org\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/praag.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8912"}],"version-history":[{"count":1,"href":"https:\/\/praag.org\/index.php?rest_route=\/wp\/v2\/posts\/8912\/revisions"}],"predecessor-version":[{"id":8913,"href":"https:\/\/praag.org\/index.php?rest_route=\/wp\/v2\/posts\/8912\/revisions\/8913"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/praag.org\/index.php?rest_route=\/wp\/v2\/media\/2047"}],"wp:attachment":[{"href":"https:\/\/praag.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/praag.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8912"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/praag.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}