Andile Ramaphosa has confirmed that he is cutting ties with a company that attempted to score a R400 million kickback from a loan to Eskom. The Democratic Alliance has responded with fury, demanding that further investigation into the matter must be done to clarify the extent of his involvement.
Andile Ramaphosa announced yesterday that he has backed out of a deal with Huarong Energy Africa after learning of their ties to Eskom and their shady business deal.
However, the Democratic Alliance is enraged by his admission, demanding that an investigation must be carried out to determine Ramaphosa's involvement with the entity.
Andile revealed yesterday that he had hired a law firm to assist him with a 'review process' on all his previous and current business partnerships.
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Following this, he had severed ties with Huarong after learning that the company had allegedly attempted to pocket R400 million from a deal with Eskom, according to The South African.
This explanation was simply not enough for Mmusi Maimane, DA leader, who has insisted that both Cyril and Andile Ramaphosa explain themselves.
In a statement released this week, Maimane confirmed that he had written to the Secretary of Cabinet, requesting him to review the President's business interests since February 2018.
The riled opposition leader spared no blows in the statement, declaring that:
“From Bosasa to Eskom loan deals, Andile Ramaphosa is unduly benefiting due to the fact that his father happens to be the President. This is no different to former President Jacob Zuma’s son, Duduzane, and his dodgy business dealings that were facilitated by his father’s political connections.”
Briefly.co.za reported earlier on that Andile Ramaphosa irked controversy when he admitted that he had done R2 million worth of business with BOSASA, who has been implicated in a range of illicit activity including bribing senior politicians and corruption.
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