Cyril under the microscope


Cyril under the microscope

Maybe he’s not the mega-rich entrepreneur the public believes him to be.

Testifying to the Marikana Enquiry on 11 August last year, Cyril Ramaphosa described Shanduka, the company with which he is generally identified (he was a founder shareholder) as “a holding company that invests…” This description, alone, raises questions over whether Ramaphosa ever made the grade as a businessman – specifically as a risk-taking entrepreneur. The record shows, rather, a man who has been happy to act as an agent for investors seeking political cover. The reality is that, for big investors, careful orchestration is essential in securing government approval of “black economic empowerment (BEE)” deals.

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Keywords:
Cyril Ramaphosa
Mining Interests
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Submitted by : Frank Payne of Bedfordview on 2015-09-14 18:44:42
Whether he is rich or not depends on definition. By "recusing" himself from his trust, he technically has no connection, but who believes that this means he doesn't exert political influence, [keeping the trust's interests in mind, knowing that it's] all there ready and waiting for the day he moves out of politics and can resume his links with the trust? This is all smoke and mirrors stuff I think.

Editor's Note
I think what you think! – Ed.

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