The African National Congress's (ANC's) investment arm Chancellor House Holdings (CHH) will not sell its stake in Hitachi Power Africa, its managing director told Sake24 in a report on Tuesday.
CHH managing director Mamatho Netsianda told Sake24 via sms: "Please do not call me. The official position is: Chancellor House Holdings is not selling its stake in Hitachi Power Africa."
According to weekend reports, ANC treasurer-general Mathews Phosa said that the ANC would disinvest its share in Hitachi.
Hitachi Power Africa is the company that was awarded a multi-billion rand contract in Eskom's new Medupi power station.
CHH owns a 25% in Hitachi.
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