All data is delayed
See More

Ramaphosa dumping business interests

Jan 23 2013 13:33
I-Net Bridge,Reuters

Cyril Ramaphosa was elected as deputy president of the ANC in December 2012. (Picture: Felix Dlangamandla)

Company Data

Lonmin plc [JSE:LON]

Last traded 1
Change 0
% Change 4
Cumulative volume 4340500
Market cap 0

Last Updated: 30-11-2015 at 05:00. Prices are delayed by 15 minutes. Source: McGregor BFA

Mondi plc [JSE:MNP]

Last traded 332
Change 5
% Change 1
Cumulative volume 462992
Market cap 0

Last Updated: 30-11-2015 at 05:07. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Ramaphosa reviews business interests

Mondi divests interest in newsprint firm

Ramaphosa lends hand with Lonmin burials

Mondi underlying operating profit flat

Mondi completes Nordenia acquisition

Mondi launches €500m Eurobond

Johannesburg - Cyril Ramaphosa is to step down from his positions at platinum producer Lonmin [JSE:LON] and international packaging and paper group Mondi plc [JSE:MNP].

Lonmin said on Wednesday that Ramaphosa was stepping down as a non-executive director at the end of the month.

Ramaphosa informed the Board of platinum mining group Lonmin Plc that he will not be standing for re-election as a non-executive Director at the Company’s forthcoming Annual Meeting on 31 January 2013.

Lonmin’s Chairperson‚ Roger Phillimore‚ thanked Ramaphosa for his commitment to Lonmin over a demanding period. "The wisdom of his contributions has been invaluable to the Company‚ and we will miss his measured but forceful participation in our affairs" he said. "On behalf of our shareholders‚ I would like to convey our very best wishes to him in his new and important role."

The Mondi group also said on Wednesday that Ramaphosa had advised the group that he wished to resign from his positions as joint chairperson and as a non-executive director at the Annual General Meetings of Mondi Limited and Mondi plc on 3 May 2013.

David Williams‚ joint chairperson‚ said: “We would like to thank Cyril for his significant contribution to the Mondi Group. He has helped guide Mondi through its initial years of listing and played an important role in providing constructive counsel particularly on issues specific to the South African business environment.”

Anne Quinn‚ senior independent director‚ supported by the DLC nominations committee‚ will immediately start the process of seeking a successor to Cyril‚” Mondi said.

Ramaphosa was elected deputy president of the ANC in December and said at the time he would be reviewing his various business interests to prevent conflicts with his new political role.

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

lonmin  |  mondi  |  cyril ramaphosa  |  anc  |  mangaung 2012



Read Fin24’s Comments Policy publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Company Snapshot

We're talking about:


Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

The 25 basis points interest rate increase is:

Previous results · Suggest a vote