ANC ‘not selling’ Hitachi stake

2010-04-13 09:57

The ANC’s investment arm, Chancellor House Holdings, will reportedly not sell its stake in Hitachi Power Africa.

Chancellor House Holdings managing director Mamatho Netsianda told Sake24 via SMS: “Please do not call me. The official position is: Chancellor House Holdings is not selling its stake in Hitachi Power Africa.”

According to weekend reports, ANC treasurer-general Mathews Phosa said that the ANC would disinvest its share in Hitachi.

Hitachi Power Africa was awarded a multibillion-rand contract in Eskom’s new Medupi power station.

Chancellor House Holdings owns 25% of Hitachi Power Africa. – Sapa

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