Speaker, in March of this year I wrote to the President of the World Bank asking him not to grant the loan to South Africa unless the ANC, in the form of Chancellor House, divests its shares in Hitachi Power Africa.
The World Bank tacitly recognised this massive conflict of interest, but disingenuously avoided the controversy by claiming that their loan would not be used for the controversial boiler contracts.
As I vehemently disagree with their logic, I have today written the same letter to the African Development Bank. I am doing so because their US$2 billion loan to South Africa, which was made last year will most certainly be used to fuel this conflict of interest, which is in contravention of their framework for preventing and combating fraud and corruption.
The ID will continue to use all the means at its disposal to ensure that the ANC is not allowed to swell their coffers through unethical means.
The ANC may deem my party's actions unpatriotic, but to paraphrase a famous politician, it is not the letters I write that are unpatriotic, but rather the fact that the ruling party is determined to profit from government contracts that is patently unpatriotic.
Thank you. [Applause.]