Gauteng ANC produces solid financials, feather in treasurer Parks Tau’s cap - The provincial administration has, however, struggled to pay staff salaries
’s books have been ruled as clean by two audit firms, in a report he delivered to delegates at the Gauteng provincial conference on Sunday morning.
According to SNG Grant Thornton, the financial statement presented a fair financial position of the province and was in line with international reporting standards for small, medium and micro enterprises. Despite the glowing financial reports, the province has struggled with staff salaries, which have swallowed more than 50% of its operational bill. Tau said the ANC in Gauteng had had to reduce its staff complement as it has struggled to meet itsin that regard. This left the province with no option but to hand over the salary obligations to Luthuli House, the ANC’s national headquarters.
The ANC’s financial crisis was laid bare at a national executive committee meeting in 2021, where treasurer-generalThe ANC has blamed the Political Party Funding Act — which it ironically championed into existence — as the root cause of its financial troubles and Mashatile was reported to be lobbying other political parties to have it amended.
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