Did Ramaphosa benefit from Eskom coal deals?

[Kevin Lancaster]

Did Ramaphosa benefit from Eskom coal deals?

Mining company Glencore and the Presidency on Saturday moved to dispel claims that Deputy President Cyril Ramaphosa may have benefited from Eskom’s coal buying deals.

 

[TEXTILE GUY]

Ramaphosa
Cadre
ANC
Fits BBBEE profile

Okee dokeee .......

 

[Sl8er]

Did Ramaphosa benefit from Eskom coal deals?

Mining company Glencore and the Presidency on Saturday moved to dispel claims that Deputy President Cyril Ramaphosa may have benefited from Eskom’s coal buying deals.

Couldn't be bothered reading the article, but judging how things are usually done in the anc, I'd venture a "probably" or a "quite possibly".

 

[whatwhat]

Just another day in Africa.

 

[zek 2371]

Just because his interests were placed in a trust does not mean that he, or someone close to him, can't benefit from the deals his trust makes.

 

[itareanlnotani]

Judging by the weasel words used in the response, I think the answer moves from probably or quite possibly to 100% certain:

The company said that none of the contracts between the Glencore Group and Eskom provide for the supply of export-grade coal to Eskom, nor had the Glencore Group ever offered to supply export-grade coal to Eskom.

and

”Each of the contracts provides for the supply of coal specifically tailored to meet the needs of the relevant power station at commensurate prices.”

and more leadingly

“It is a matter of public record that the Deputy President has divested of his interest in Shanduka Group and no longer holds any mining interests,” a statement from Ramaphosa’s office said.

”The deputy president undertook this divestment following his appointment to the position of deputy president of the Republic to avoid any potential for conflict of interest.”

->

On November 26 last year, the Presidency said Ramaphosa’s business interests had been placed in a trust in line with the executive ethics code.

So, they having admitted doing it, and he's just obfuscated the holdings into a trust.
Shining example of ANC leadership...

 

[ToxicBunny]

Yeah, completely 100% agree.

Cyril benefited big time. Maybe not RIGHT now, but still.

 

[bekdik]

Judging by the weasel words used in the response, I think the answer moves from probably or quite possibly to 100% certain:



and




and more leadingly



->




So, they having admitted doing it, and he's just obfuscated the holdings into a trust.
Shining example of ANC leadership...

Were you expecting anything different from the racist corrupt regime?

 

[HavocXphere]

Lies as per usual...

 

[Chris.Geerdts]

It's easier to sell a company at a far higher price if the company has already concluded un-naturally profitable long-term deals