ID wants ANC to open Chancellor House’s books

2010-04-16 09:10

The Independent Democrats (ID) has accused the ANC of “complete

contempt for ethical governance”.

The ID wanted the ANC to open “front company” Chancellor House

Holdings’ books “to show us how many billions it is making from government

tenders, over and above the Eskom deal”, said ID chief whip Lance


“Chancellor House’s stubborn refusal to divest its shares in

Hitachi Power Africa, despite ANC treasurer-general Mathews Phosa’s most recent

promise that it would do so, is probably due to the fact that they do not want

to set a precedent,” he said.

Tip of the


“The tentacles of this ANC front company stretch far and wide, and

it is clear that in terms of making money from government contracts, the Eskom

deal is just the tip of the iceberg.”

The public had a right to know the full extent of Chancellor

House’s investments and whether any irregularities had occurred during the

government tender process involving the ANC’s investment arm or its


“The ANC has created a monster in Chancellor House, which they are

unable, or unwilling, to bring under control.

“All of the ANC’s current statements around rooting out corruption

and going after ‘tenderpreneurs’ will mean nothing if it can’t even take action

against its own investment company, the most unethical of all,” Greyling


Milking the


“It is also becoming clear that the (Siphiwe) Nyandas and (Julius)

Malemas of this world are merely following ANC protocol by using their positions

to make millions from government contracts.

“How far the ANC has come from its Mandela-era vision of good,

clean governance – and all it ever says in response is that its behaviour is not


“The fact that it is currently not illegal is due to the ANC’s own

stubborn refusal to establish any form of regulatory environment to govern the

funding of political parties,” he said.

ANC secretary-general Gwede Mantashe’s recent speech to the media

on what he called “economics 101” showed a complete disregard for ethics.

Mantashe had stated: “The ANC has no stake in Hitachi; we invest in

Chancellor House. Full stop. Where Chancellor House invests doesn’t translate

into ANC having a stake. Chancellor House may have a stake. That is economics


Greyling said Mantashe’s statement “shows his and his party’s

complete contempt for ethical governance”.

“In fact, Mantashe needs to spend a lot more time philosophising

about ethics 101 than economics 101. If the ANC is serious about party-funding

regulations, then it will now finally support the ID’s proposal to establish an

ad hoc committee to develop legislation on this issue,” Greyling said.

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