ANC made millions through Eskom’s new power stations: report

[Kevin Lancaster]

ANC made millions through Eskom’s new power stations: report

Chancellor House, the ANC’s investment company, earned millions when it sold shares in a company which obtained big Eskom contracts.

 

[OMB]

colour me surprised

 

[whatwhat]

Did not expect anything different.

 

[Necuno]

ANC made millions through Eskom’s new power stations: report

Chancellor House, the ANC’s investment company, earned millions when it sold shares in a company which obtained big Eskom contracts.

No worries. Life continues after the paper is put down.

 

[Beachless]

They are also making millions off the sale of diesel to Eskom.

 

[Fuzzbox]

Its easy to make money this way.
Buy shares in Hitachi before government contracts are awarded.
Award tenders to Hitachi.
Sell shares later.
SIMPLE.

 

[Chris.Geerdts]

So, 10% of the party's election expenses are funded from this deal, in which the value largely derives from them 'awarding themselves' the lucrative tender.

They can secure enough extra votes to not need to worry about the consequences of the national power failures