South African Deputy President Cyril Ramaphosa has been accused of fronting as his multi-billion rand Shanduka Coal was revealed as a front for mining giant, Glencore.
Award-winning journalist Greg Marinovich made this shocking revelation in his new book.
In Murder at Small Koppie: The Real Story of the Marikana Massacre, Marinovich claims a Glencore executive (unnamed) told business partners that: “I don’t want to be crude, but we made him (Ramaphosa).”
Continuing, the executive said,
Shanduka Coal was a front for Glencore.
However, Glencore’s Gugulethu Maqetuka described the claim as “baseless,” denying any knowledge of the allegations by the company.
Glencore is not aware of these allegations. In any event, these allegations are completely baseless.
Maqetuka said the only link between Glencore and Ramaphosa was his and Shanduka Resources’ participation as black economic empowerment partners in certain Glencore group coal mining companies.
Glencore said it had three contracts in April last year with Eskom, through companies in which Ramaphosa previously had an interest.
After Cyril Ramaphosa became deputy president in 2014, he disposed of some sectors regulated by the government while those that he kept are held by his family trust.
Maqetuka stated that these partnerships comprised just a few of the investments held by Ramaphosa and Shanduka Resources.
Ramaphosa has disposed of all of his mining interests and no longer has any relationship with any Glencore group entities.
However, Ramaphosa’s spokesman, Ronnie Mamoepa, did not acknowledge the requests for comment on the matter this week.
In the chapter titled Cyril Ramaphosa: Saint or Sinner?, dealing with his role in the mining sector and in the run-up to the Marikana massacre, Marinovich writes:
As a man famous for negotiating the white supremacists out of the Union Buildings, and a former union leader, Ramaphosa should have insisted that at the very least Lonmin speak to their striking employees. He did not. Ramaphosa, it would seem, acted to protect his own financial interests, to protect NUM from the workers’ ire, and to enable the ANC’s legislated patronage to continue unhindered.
There was a claim by his opponents that Ramphosa’s call for “concomitant action” against the striking mine workers on August 15 2012, led to the massacre, while the Marikana Commission of Inquiry exonerated him from the allegation.