According to leaked internal correspondence, the uMkhonto weSizwe (MK) Party is facing serious financial challenges that have raised concerns about its long-term stability just over two years after its formation. The documents reportedly point to cash flow shortages, growing debts and internal leadership tensions that have placed increasing pressure on the party’s operations.
At the centre of the developments is the removal of the party’s former treasurer-general, Mpiyakhe Limba, who was dismissed by party leader and former President Jacob Zuma in January 2026. Limba, who assumed the finance portfolio in early 2025, was replaced by former Eskom chief executive Brian Molefe in a move widely viewed as an effort to strengthen the party’s financial management.
The leaked documents reportedly describe the party’s financial position as “pitiful,” highlighting unpaid financial obligations and limited resources to sustain daily operations. During his time as treasurer-general, Limba had publicly stated that he inherited debts estimated at R28 million, which he attributed to financial mismanagement before his appointment.
The documents also refer to allegations involving missing funds, including parliamentary allocations and expenditure linked to political rallies. These claims have reportedly contributed to growing concerns among party members, with some calling for forensic investigations to determine whether public funds were misused and to establish accountability where necessary.
Since its strong performance in the 2024 general election, the MK Party has expanded its parliamentary presence and administrative responsibilities. The establishment of constituency offices, payment of staff salaries and management of parliamentary operations have reportedly increased financial demands on the organisation. Frequent leadership changes and internal restructuring are also believed to have placed additional strain on the party’s finances.
Political analysts say many newly established political parties experience financial pressure as they rely heavily on donor contributions and membership fees rather than long-established funding structures. However, they note that the reported financial difficulties could pose a significant challenge for the MK Party, particularly as it seeks to maintain public confidence while positioning itself as a movement committed to accountability and good governance.
Neither the party nor those implicated in the allegations have been found guilty of any wrongdoing. The claims contained in the leaked correspondence have not been independently verified, and any investigations or audits that may follow are expected to determine the accuracy of the allegations. Meanwhile, the party’s leadership faces increasing pressure to restore confidence in its financial management as it prepares for future political campaigns.