Since being appointed Deputy President in May 2014 by Jacob Zuma, Ramaphosa stapped back from his business’s pursuits to avoid conflicts of interest.
He stepped down as Chairman of Investment firm Shakunda Group in May 2015. A year later he sold his stake in Shanduka.
Shanduka was founded by Ramaphosa in 2001 and it had stakes in mining entities, financial institutions, McDonald’s South African subsidiaries and Coca-Cola bottling plants.
Ramaphosa started as an Apartheid activist and labour leader before becoming a businessman. He became prominent in the 1980s as founder and promoter of the National Union of mine workers, created to improve the rights of black African workers.
In 1991 he was elected as the Secretary General of the African National Congress Party, (ANC). He was also a negotiator with the National Party during the transition to democracy.
His networth is estimated to be US$450 million.
