The ANC says it has settled its dispute with KwaZulu-Natal-based Ezulweni Investments over a R102m dispute over payment for election banners out of court.
The printing and marketing company claimed the ANC failed to pay it for the banners, which were produced in 2019, and successfully approached the court for compensation.
The company won its case in the South Gauteng High Court and later in the Supreme Court of Appeal. The ANC said it would approach the Constitutional Court over the matter but on Friday it released a short statement saying the matter has now been settled.
“The African National Congress confirms that it has settled out of court with Ezulweni Investments. The matter has been resolved in the best interest of both parties,” the party said in a statement.
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