ANC Declines Media Tycoon’s US$70,000 Donation

Yesterday the ANC announced that they would be returning a donation they had accepted from Iqbal Surve and his Sekunjalo investment holding company. Sekunjalo has controversially benefits from Public Investment Cooperation Investments. In retaliation Surve pointed the finger at Deputy Finance Minister and PIC Chairperson Mondi Gungubele.

Officially, Western Cape ANC officials and party elections chief Ebrahim Rasool had a chance to review the Sekunjalo donation only on Tuesday. The meeting decided against it and told ANC treasurer Maurencia Gillion to immediately return the donation.

"We had no time to do such an assessment or to consider how such a donation would be perceived, given the revelations made at the commission of inquiry regarding the Public Investment Corporation (PIC)," said acting ANC Western Cape chairperson Khaya Magaxa on Tuesday. This was a clear reference to the PIC inquiry into a series of questionable investment decisions by the government-owned asset manager, which controls some R2-trillion in government employees' pensions and social savings.