South Africa’s Vice President Ramaphosa Sells Mine Assets
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South African Deputy President Cyril Ramaphosa sold his investment in Shanduka Group Pty Ltd., a holding company mainly invested in mining and energy assets, to avoid conflicts of interest.
The company, which he founded, has a net asset value of 8.8 billion rand ($803 million). Its assets include stakes in Lonmin Plc’s platinum mines, coal venture with Glencore Plc and the McDonald’s Inc. franchise in South Africa.