The African National Congress party(ANC) will be funding some of its costs for its national elective conference by offering companies the opportunity to of exhibition space and access to events. Funds raised would go “towards offsetting the costs of a conference,” Progress Business Forum (PBF) according to one of the conference conveners. The PBF conference organisers, expected 750 guests to attend a banquet and 180 company executives and representatives at different breakfasts.
In the invitations sent out two weeks ago, ANC treasurer-general Mathews Phosa said the dinner and events were “a unique opportunity created for the corporate sector to engage the ANC leadership on its economic and social policies”. He said there would be opportunities to speak to economic leaders in an informal but structured setting. Several private sector companies had booked and paid for their seats the conference, including Standard Bank, First National Bank, Nedbank and Cell C.
A spokesman for the mining magnate Patrice Motsepe confirmed that the businessman had booked his attendance. Patrice Motsepe’s company, African Rainbow Minerals, has interests in gold, ferrous metals, base metals, and platinum. He also sits on several company boards including the board of Greene and Partners a large South African Based Investment Company.