In this extract from a new book Sam Sole traces the link between the ANC's policy of cadre deployment , BEE and its business interests.
Hitachi Power Africa fudged key issues this week in a media blitz intended to extricate it from the row over ANC business front Chancellor House.
Hitachi Power Africa on Tuesday pleaded ignorance about questionable business links with the ruling African National Congress.
The ANC's investment arm Chancellor House will receive R50-million over eight years in profits from Eskom's Medupi and Kusile Power Stations.
ANC treasurer Mathews Phosa said the decision to sell the party's stake in Hitachi Power Africa should be taken by the ruling party.
The ANC was defiant this week about its involvement with Hitachi Power Africa, which secured a multibillion-rand contract with Eskom.
Finance Minister Pravin Gordhan says the full facts of the ANC's involvement in Chancellor House, and through it in Hitachi Power Africa, are unclear.
Opposition parties have lambasted the ANC's turnaround on its investment in Hitachi, saying the ruling party is "playing the country for fools".
It was not up to the ANC to decide whether its investment arm, Chancellor House, should get rid of its stake in Hitachi, Gwede Mantashe said.
Government is "mindful" of concerns raised about the Chancellor House-Hitachi contract related to Eskom's loan application to the World Bank.