The story
The existence of the company was first revealed to the public in 2006. A Mail & Guardian newspaper article alleged that the company had been formed in 2003 on the initiative of Mendi Msimang, then treasurer-general of the ANC, with the explicit intention of raising funds for the party.
Prior to the newspaper report the company was virtually unknown; Kgalema Motlanthe, then secretary general of the party, reportedly first learned of it when contacted by the newspaper for comment.
In September 2021, the company itself admitted that it served as a funding vehicle for the ANC.
On 10 November 2021, Mamatho Netsianda and Zwelibanzi Nzama, a senior executive, were implicated in a politically connected real estate development project dating back to 2008. Land above Sandton station had been transferred by the City of Johannesburg, but payment had never been received.
From Wikipedia’s article on Chancellor House (company), shared under CC BY-SA 4.0.3