Johannesburg - Cyril Ramaphosa, the newly-elected deputy
president of the ANC, said on Wednesday he was reviewing his extensive business
ties for potential conflicts of interest.
Ramaphosa, one of Africa's richest men and a board member of
some of the continent's biggest companies, said in a statement he would review
his "existing positions, responsibilities and obligations".
“This is necessary to address any potential conflicts of
interest‚ and to ensure that I can adequately perform the responsibilities of
this position‚” he stated.
“In consultation with the ANC national officials‚ I am
undertaking a process of engagement with several stakeholders on the implications
of my election to this post.
“This will include a review of existing positions‚
responsibilities and obligations. It is intended that this process result in an
arrangement that removes the possibility of any conflict of interest.
“I will make further public statements at the appropriate
time‚” Ramaphosa added in a statement.
His investment company, Shanduka Group, is a quarter-owned
by China's sovereign wealth fund. He is also an MTN Group chairperson.
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