I definitely wasn’t expecting this, which is probably rather foolish of me, because of course this ANC hotshot has a stack of wealth many people in South Africa only dream of.
The 2014 Register of Members’ Interests has given us a sneak peak of Cyril Ramaphosa’s extremely long list of financial assets. Want to know?
There’s the R76 million he has accumulated through company shares. There are also 30 townhouses in Joburg, and two flats in Cape Town.
“But it is what the register does not show that suggests his share holdings declared in the register are just the tip of a massive wealth pyramid accrued by Ramaphosa during his years outside active politics.”
There is the Tshivhase Trust, which holds the family’s interests and was the biggest shareholder in Shanduka, which is reportedly worth R20billion. Many of Ramaphosa’s financial interests are reflected in the confidential section of the document, and not in the public section, as this would reveal the values of interests held with private individuals.
Don’t forget that Ramaphosa recently left MTN, Mondi, Alexander Forbes, Standard Bank and SA Breweries, and that he is still the main man behind McDonald’s in South Africa, being the development licence.
Go, girl boy!
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