Zweli Mkhize says Hitachi windfall report is a lie

2014-03-03 12:20

ANC treasurer-general Zweli Mkhize says the ANC has not received money from the sale of its investment arm’s 25% stake in Japanese power company Hitachi and would not comment on it.

He did, however, concede that the “ANC gets donations from Chancellor House”, but he said it happened just like with any donations from other companies.

“The ANC has not received money from the Hitachi stake,” he told journalists at a breakfast briefing on the ANC’s manifesto on the economy in Johannesburg this morning. “We are not party [to the sale]. It is a commercial issue. It is not up to us to take decisions. We will hear what comes out of that.”

Sunday Times yesterday reported that inside sources said the ANC was set for a R50 million windfall from the sale.

“The report that said the ANC received money from this transaction is a lie,” Mkhize said.

He said the sale had nothing to do with the elections campaign either and now that the stake was sold, there shouldn’t be an issue around it.

“Chancellor House is a separate entity. It is not the ANC. It is a separate company with its own board of directors,” he said.

He said there was nothing wrong if the ANC invested in any commercial entities, but there shouldn’t be a perceived conflict of interest if these entities got government contracts.

“There must be an arm’s-length relationship so that the ANC doesn’t get to associate directly with companies with government contracts,” he said.

Mkhize conceded the ANC did not know how big its budget for the elections was, but said it would be “a little bit bigger” than the DA’s, which is over R100 million. He said: “We can’t guess when we’re not certain.” But he added that the party would know the budget after the elections.

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