• IS provokes sea-change

    It has been a grave mistake to defy both Russia and France, says Leopold Scholtz.

  • Nene's SAA nemesis

    No political figure seems to have the guts to speak out against Dudu Myeni, says Solly Moeng.

  • The mp3 revolution

    Ian Mann takes a look at the war between digital music and the compact disc.

All data is delayed
See More

Ramaphosa reviews business interests

Jan 16 2013 07:38

Cyril Ramaphosa (Felix Dlangamandla, Beeld)

Company Data

Lonmin plc [JSE:LON]

Last traded 1
Change 0
% Change 49
Cumulative volume 11069728
Market cap 0

Last Updated: 27-11-2015 at 05:00. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Ramaphosa: Take heed of workers' needs

Ramaphosa a beacon of hope for SA farmers

Ramaphosa to review his business ties

ANC will action NDP with vigour - Cyril

Business meets politics

Wanted: A prosperous South Africa


Johannesburg - ANC deputy president Cyril Ramaphosa is reviewing his role in business to ensure there are no conflicts of interest with his new role, he said on Tuesday. 

"I want to remove any form of conflictual situation with my role as deputy president of the ANC," Ramaphosa said in an interview on CNBC Africa's Political Exchange. 

He described his election to the post as "a life-changing event", but added that avoiding such conflicts should come naturally to anyone. 

Since the ANC's elective conference held in Mangaung last month, the party would make an effort to work with private enterprise. 

"The ANC has consciously decided that it does want to interact with all institutions in the South African space, that includes business. I want them to be proactive... business should not be bystanders." 

Ramaphosa, who is chairperson of the Shanduka Group among other business interests, denied that he represented business in the party's national executive committee. 

Talking about problems facing the mining sector, Ramaphosa said while wages and living and working conditions had improved since apartheid, more needed to be done to improve the lives of mineworkers. 

"I'm glad to say, employers, unions and various other entities are alive to that." 

Ramaphosa reiterated that he would be willing to testify about the strike-related violence at Marikana before the Farlam Commission of Inquiry, should he be called upon to do so. 

He denied that an e-mail he sent prior to the deaths of 34 striking Lonmin [JSE:LON] miners at Marikana on August 16, in which he suggested "concomitant action", was a call for a violent response. 

Instead, Ramaphosa said he was concerned, in the wake of 10 strike-related deaths the preceding week, as to how further loss of life could be avoided. 

This was informed by his previous role as general secretary of the National Union of Mineworkers. 

"I could never abandon the impact that workers have had on me. (I could) never ever face a situation where I would say 'take action against these workers'. 

"I did say I was trying to prevent further loss of life," Ramaphosa said.

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

anc  |  cyril ramaphosa



Read Fin24’s Comments Policy

24.com 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