According to the proposal, the nonprofit company to be set up under Luthuli House Trust would deal with the administrative, management and operational needs of the ANC.
"It will employ staff, enter into litigation and acquire and dispose of assets," the presentation to conference reads.
The new secretary-general would continue to be in charge of the organisation and would lead the operational responsibility for Luthuli House Trust and its operations company.
Under Luthuli House Trust, it is proposed that a stalwarts trust and a heritage trust be set up and a charitable institution registered whose purpose would be to give charitable donations in the name of the ANC.
In addition, the ANC is considering setting up an elections and events company whose aim would be to "manage and facilitate the participation of the ANC in elections and generate income by managing and staging events on behalf of the ANC and its alliance formations".
In the past five years, the ANC's election budget has exceeded R730-million, according to sources with knowledge of Mkhize's report. In the same period, it has spent close to R900-million on salaries.
Salaries have been the biggest expense for the party.
ANC delegates were told that the long-term sustainability of the ANC was at risk if the current organisation design and set-up was maintained.
A commission on finance and fundraising at the conference is expected to further deliberate on the redesign plans tomorrow.
The financial report delivered by Mkhize indicated that the ANC's assets were vulnerable and in danger of being squandered.