All of us know who Cyril Ramaphosa is and what he aspires to become. If he had his way, he’d get each one of the branches of the African National Congress to vote for him as the next President in the upcoming December elections, and then in 2019, he would expect the people of South Africa to do the same and choose him as the next President of the country.
What many of us do not know is something as important as voting to select South Africa’s next President, if not more.
While Cyril Ramaphosa has announced so, and he would very much like everyone to believe that he has made an exit from all of his businesses and completely divested his stake in several Shanduka companies in the regulated sectors (banking, mining, etc.) and handed them over to to Phuthuma Nhleko, MTN’s former CEO, and a longtime friend and confidante of his. This is not the whole truth.
Cyril Ramaphosa has also confirmed that he has put all his businesses in the unregulated sectors, particularly his F&B companies, Coca-Cola Shanduka Beverages and McDonald’s SA, under the watch of blind trusts and that he will not participate at all in decision making of these entities. This again is not the whole truth.
The truth is that Cyril Ramaphosa has entrusted ONLY the responsibility to manage his business affairs to carefully vetted professionals, more as CEOs, who are to be remote controlled by Cyril himself through his brother, Douglas Ramaphosa.
This report is based on a detailed investigation and analysis of available media reports, and interviews of people close to the Ramaphosa brothers, Phuthuma Nhleko and some key employees of Cyril’s companies and foundations.
Our analysis exposes the unholy nexus of Cyril Ramaphosa and his brother Douglas Ramaphosa and how they intend to use the willing stooges, Phuthuma Nhleko and the Trustees managing the “blind trusts,” to make sure that Cyril keeps benefiting from his businesses even after having “divested” his stake in them or put them in those “blind trusts.”
The next part of this investigative report will expose the role of Douglas Ramaphosa, who is as secretive as they come, and a thorough professional with an incisive mind and business acumen matching that of his brother Cyril’s. The only thing where the two brothers differ is their willingness to be visible. While Cyril is a media darling and simply loves the attention, Douglas Ramaphosa likes to stay behind the curtains, for good reason.
More in the next instalment of this series… stay tuned!