EFF denies financial mismanagement claims

The opposition party has been accused of abandoning the Public Finance Management Act.

FILE: An EFF supporter holds up a symbol of the party at their official launch in Marikana on 13 October 2013. Picture: Reinart Toerien/EWN

JOHANNESBURG - The Economic Freedom Fighters (EFF) says a review of its audited financial statements will prove it has spent allocated funds according to generally accepted financial principals and in line with South African law.

The opposition party has been accused of abandoning the Public Finance Management Act and sourcing money from suspicious individuals.

The allegations have been made by the suspended chief financial officer Wiekus Kotze as well as a founding EFF member and businessman Kenny Kunene.

But secretary general Godrich Gardee says the EFF will be vindicated once it hands over its audited reports.

"That will be handed over to those who will make available those grants to the EFF. In particular, the Independent Electoral Commission, the Parliament of the Republic of South Africa and all the nine legislatures, not later than 25 May."

Kunene says he will soon reveal his true reasons for leaving the EFF and how his relationship with once close friends, party leader Julius Malema and his deputy Floyd Shivambu, soured through what he says is the abuse of their members' trust and finances.