https://www.polity.org.za
Deepening Democracy through Access to Information
Home / Statements RSS ← Back
Close

Email this article

separate emails by commas, maximum limit of 4 addresses

Sponsored by

Close

Embed Video

Office of the Presidency: Ronnie Mamoepa says Ramaphosa acts to address potential conflicts of interest

Cyril Ramaphosa
Photo by Reuters
Cyril Ramaphosa

26th November 2014

SAVE THIS ARTICLE      EMAIL THIS ARTICLE

Font size: -+

/ MEDIA STATEMENT / The content on this page is not written by Polity.org.za, but is supplied by third parties. This content does not constitute news reporting by Polity.org.za.

Deputy President Cyril Ramaphosa has now formally advised the Director-General in the Presidency and Secretary of Cabinet Dr Cassius Lubisi of the steps he has taken to comply with Rule 3.6 of the Executive Ethics Code.  The Code requires that members of the executive dispose of assets that may give rise to a conflict of interest or place them under the control of professional and independent persons.

In July 2014, President Jacob Zuma granted the Deputy President an extension of four months to dispose of, or place under independent control, any assets that may give rise to a conflict of interest with his duties. Deputy President Ramaphosa has consequently disposed of his shareholding in Shanduka Group, an investment holding company with assets in a number of 'regulated' industries such as resources and energy. It should be noted that certain elements of the disposal are dependent on regulatory approval.

Advertisement

Deputy President Rmapahosa's remaining business interests, all in 'unregulated' sectors, are being placed in a trust managed by independent and professional persons. The Deputy President will not give any instructions with respect to the management of these interests for the duration of his term in office, save for the purposes of complying with a legal requirement or to give instructions to sell such interest.

The Deputy President will update his disclosure of financial interests to Parliament and to the Secretary of Cabinet accordingly.

Advertisement

For more information contact Ronnie Mamoepa at 082-990-4853

Issued by the Presidency

EMAIL THIS ARTICLE      SAVE THIS ARTICLE

To subscribe email subscriptions@creamermedia.co.za or click here
To advertise email advertising@creamermedia.co.za or click here

Comment Guidelines

 

About

Polity.org.za is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Mining Weekly
Research Channel Africa

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Polity.org.za is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Free daily email newsletter Register Now