ANC’s Valli Moosa acted improperly awarding South African Medupi contract

By bne IntelliNews March 29, 2010
The AfricanNational Congress (ANC)s Valli Moosa acted improperly and with conflict ofinterest in awarding a ZAR 38.5bn Medupi contract to the Hitachi consortium. He was chairman of Eskomat the time and the ANC has an interest in Hitachi. The public protector reported thatthe ANC stood to benefit by up to ZAR 5.8bn via the 25% stake its investmentarm, Chancellor House, has in engineering company, Hitachi Power Africa,Business Day reported. The finding against Moosa was made by former publicprotector, Lawrence Mushwana, who recommended that private enterprises minister,Barbara Hogan, develop legislation to regulate business conduct betweengovernment entities and political parties. The ANCs involvement in businessthrough Chancellor House has long been of great concern in the country.

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