EFF councillors will forfeit half their salaries for the first three months of their new jobs to pay off the party’s election debt, the City Press reported – while members have been told to buy vans, not sedans, for campaigning for 2019.
According to the report, the EFF accrued a lot of debt campaigning for the 2016 local elections, having taken out a loan worth millions from Standard Bank to fund it. This despite claims from the party that it had only spent R1 million on the elections.
To pay off the debt all 761 councillors – right down to ward level – will give up half their salary for three months. This will help the party recover as much as R24 million, the City Press said.
According to party insiders, some members were willing to forfeit their entire salary – while others were not happy about being forced to pay at all saying this was a full time job, and it was unreasonable to ask anyone to give up half their pay.
You can read the full report in the City Press for 21 August 2016