Cyril for hire

Cyril for hire

Newly elected ANC president and likely next president of the republic, Cyril Ramaphosa, is no stranger to the pages of Noseweek. Since 2005 we have tracked his rise – which is largely backed by corporate South Africa. They would hand him cash and he would provide political cover. Many have argued that he has been essentially a political negotiator-for-hire to the highest corporate bidder.

In April 2005 (nose66), Noseweek introduced its readers to the new black oligarchs: Ramaphosa, Tokyo Sexwale, Saki Macozoma and Patrice Motsepe. We called them the “jaga” – a Malay word that translates into “gatekeeper” – as this is what they were doing, controlling access to the banks and insurance companies while being supported and sustained by older capital.

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