ANC to rein in fat-cat comrades

JOHANNESBURG – The ANC is developing a new policy that will limit the number of empowerment deals its members and their spouses may make, The Sunday Times reported yesterday.

The newspaper said new evidence has emerged that the party’s executives are richer than ever. The Sunday Times published a list which includes details of five members of the ANC’s National Executive Committee who have a combined wealth of N$1,5-billion in shareholdings alone.The party’s deputy Secretary General, Sankie Mthembi-Mahanyele, handed a discussion document on members’ business interests to the ANC’s 66-member NEC two weeks ago.The ANC is considering imposing a five-year cooling-off period to bar officials from doing business in the area they managed while in government.Nampa-SapaThe Sunday Times published a list which includes details of five members of the ANC’s National Executive Committee who have a combined wealth of N$1,5-billion in shareholdings alone.The party’s deputy Secretary General, Sankie Mthembi-Mahanyele, handed a discussion document on members’ business interests to the ANC’s 66-member NEC two weeks ago.The ANC is considering imposing a five-year cooling-off period to bar officials from doing business in the area they managed while in government.Nampa-Sapa