Friday, April 15, 2011

Sheriff Seize ANCYL’s Assets

April 15 2011

The high court in Pretoria has issued a warrant of execution for the seizure of ANCYL assets worth R670 000 from its office at Luthuli House in Johannesburg, Beeld newspaper reported on Friday. 

Luthuli House

According to the court order, the sheriff must seize assets from the ANC Youth League's seventh floor offices to recover R669 130 plus interest owed to the hotel which hosted its national congress in June 2008

The Queens Garden Hotel in Berea, Johannesburg, has since been liquidated. 

The liquidators of Palanquin Hospitality Management, the owners of the hotel, sued the ANCYL for the money. 

An invoice of R 669 130.00 was issued to the ANCYL on June 28, 2008 and it confirmed in a letter that it had received the invoice. 

A letter, signed by ANCYL treasurer general Pule Mabe, which was sent to the hotel, stated: 

“We are sorry about the delay (in payment) and the inconvenience this has caused and look forward to doing business with you again in future.” 

However, the court heard that the money was not paid. 

The sheriff was expected to execute the warrant within seven days. 

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