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Cyril Ramaphosa dismisses ‘Shanduka Trust’ report

The deputy president insists he does not have an interest in Shanduka Coal or in any mining assets as suggested in a newspaper article

FILE: Deputy President Cyril Ramaphosa. Picture: GCIS.

JOHANNESBURG - Deputy President Cyril Ramaphosa insists he does not have an interest in Shanduka Coal or in any mining assets as suggested in a newspaper article on Wednesday.

The Business Day has reported on a complaint to the Competition Commission that it says implicates Ramaphosa’s “Shanduka Trust”.

But the deputy president says he is not aware of any entity known by that name.

His spokesperson Tyrone Seale says Ramaphosa divested from mining in 2014.

“We need to put down on record the following; the deputy president deposed of his stake in Shanduka Group in November 2014, including all of Shanduka’s mining assets and investments in other regulated sectors.”

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