Vekselberg-Linked Firm Helps Pay for ANC’s Electoral Conference
- Another ANC-linked firm paid money toward party’s tax bill
- South Africa’s ruling party has been struggling to pay wages
Viktor Vekselberg
Source: Bloomberg
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A manganese mining company to which sanctioned Russian businessman Viktor Vekselberg is linked helped pay for the electoral conference held by South Africa’s ruling African National Congress in December.
United Manganese of Kalahari Ltd., in which Vekselberg is an investor alongside the ANC’s investment company Chancellor House, paid 15 million rand ($826,000) to the Johannesburg Expo Centre, where the conference was held. South African President Cyril Ramaphosa was re-elected for a second term at gathering.