R29m in pledges for election campaign

ANC treasurer Mathews Phosa is smiling all the way to the bank with R29,4million pledged for next year's ANC election campaign.

The pledges, made on Tuesday during a meeting with ANC president Jacob Zuma in Sandton, is a show of solidarity organised by Sandile Zungu of Zungu Investments, Sello Rasethaba of Matodzi Resources and Robert Gumede of GijimaAst.

"This is how it should be," Phosa said. "As a treasurer I do not want any brown envelope pushed at me under the table."