ANC technically insolvent: report

Photo_Web_ANC2_201217

File: A newspaper report suggests the ANC could be considering selling some of its assets.

JOHANNESBURG - A report by the ANC&39;s former Treasurer-General Zweli Mkhize shows the governing party is technically insolvent.

It owes over R200-million.

That&39;s despite a debt-management programme over the past five years.

STORY COVERAGE: ANC succession race

It&39;s believed election campaign costs are behind most of the expenses.

Mkhize suggests restructuring the party in order to further cut costs.

The Sunday Times reported last week the party may be considering selling some of its assets.