The DA said it would be laying criminal charges against the ANC's investment arm, Chancellor House.
This after Japanese company Hitachi agreed to pay $19 million dollars to settle charges from the US Securities and Exchange Commission related to payments allegedly made to the ANC.
The SEC on Monday charged Hitachi with violating the Foreign Corrupt Practices Act by inaccurately recording payments to South Africa’s ruling party in connection with contracts to build two multi-billion dollar power plants, Medupi and Kusile.
The US agency alleges that Hitachi had paid Chancellor House approximately 5 million US dollars in so-called in “dividends".
DA leader, Mmusi Maimane, says its disgraceful that the ANC had profited from the construction of Medupi and Kusile which are both over-budget and behind schedule.
"The delay in bringing the power stations online has prolonged load shedding, resulted in countless job losses and cost the economy billions in lost revenue. The scandal underscores the moral bankruptcy of the ANC which continues to benefit from corruption at the expense of basic service delivery and the best interest of South Africa," Maimane said.
However, ANC national spokesperson, Zizi Kodwa, said "it was also not involved in the transaction between Hitachi and Chancellor House and therefore cannot comment on matters internal to the two parties."
Kodwa said the ruling party's 53rd National Conference had reaffirmed the ANC's commitment to clean and accountable governance and had directed the National Executive Committee to avoid all possible conflict of interest in the course of raising party funding.
He said "they thus welcomed Chancellor House's decision to divest from Hitachi Power Africa."
Kodwa said the ANC is currently engaged in discussions to regulate party funding flowing from the state and the public sector.
