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MK Party Faces Turmoil Over Alleged Mismanagement of R88 Million in Funds

January 22, 2025
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MK Party Faces Turmoil Over Alleged Mismanagement of R88 Million in Funds
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The MK Party is grappling with internal tensions following allegations of financial mismanagement involving R66 million intended for developmental projects in KwaZulu-Natal (KZN) and R22 million in unaccounted-for donations. The scandal has triggered outrage among grassroots members, who are demanding accountability from senior leaders Floyd and Mcunu, accusing them of involvement in the irregularities.

The R66 million allocated for KZN development projects reportedly vanished under unclear circumstances, while the R22 million in party donations, meant to support initiatives, remains unaccounted for. These revelations have led to widespread disappointment and raised serious questions about the leadership’s integrity.

A senior branch member voiced frustration, stating: “We joined the MK Party to uphold principles of accountability and integrity. If Floyd and Mcunu cannot explain the missing funds, they have no place in the high command.”

Grassroots members are calling for an internal audit and disciplinary action against those implicated in the scandal. However, the leadership’s lack of a detailed response has only deepened suspicions of financial mismanagement.

An anonymous member criticized the leadership’s inaction: “Trust in our leaders is eroding because they fail to address these serious discrepancies.”

The controversy comes at a critical moment for the MK Party as it seeks to solidify its position on the national political stage. Party supporters warn that failure to resolve these allegations transparently could severely damage its reputation and alienate its base.

Members have emphasized that the party’s unity depends on honest and decisive action. “We cannot build a future on mistrust,” one member remarked.

While sources close to the national office have acknowledged the seriousness of the situation and urged patience, the prolonged silence from the leadership risks further unrest within the party’s ranks. The pressure is mounting for the MK Party to take swift, transparent action to restore confidence and credibility.

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