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ANCYL awaits ruling on liquidation

The court provisionally liquidated the youth league as a result of it being in debt of R15 million.

/Images/2013/01/15/16/13/ANCYL-logo.jpg

JOHANNESBURG - The ANC Youth League (ANCYL) says it will now wait on the ruling from the South Gauteng High Court before making a decision on its future.

The court has provisionally liquidated the youth league as a result of it being in debt of R15 million.

The debt was for the leagues 2008 national conference in Bloemfontein where expelled former president Julius Malema was elected.

Spokesperson Bandile Masuku says, "The issue is to just at the moment try to be as technical as possible to understand what the implications of the judgment are so that we can then make an informed decision on it."