Knowledge (XXG)

Shanduka Group

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which was merged into Phembani Group in June 2015. Its interests included extractive resources, telecommunications, food and beverage, property, financial services, energy, and industrial sectors. It was founded in 2001 by South African president
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China’s sovereign wealth fund, the China Investment Corporation (CIC), acquired a 25 per cent stake in the company for about $ 243 million in December 2011.
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Controlling shareholder Ramaphosa sold his interest in Shanduka Group to Phembani Group in 2015, into which the company merged.
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to dodge taxes on profits made from an energy deal in Mozambique by offshoring money to Mauritius.
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In 2012, the company acquired a $ 335 million stake in telecommunications provider
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and owned by Multi Rand Millionaire Lungile Zondo. Oratile Zondo is the
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https://web.archive.org/web/20141006101003/http://www.shanduka.co.za/
295:"Ramaphosa's Shanduka Buys $ 335 Million Stake in MTN Nigeria Units" 237: 20: 250:
Executive Management Phuti Mahanyele Chief Executive Officer.
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This South African corporation or company article is a
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https://www.phembani.com/index.php/history-of-shanduka/
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as one of the few South African companies working with
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In November 2017, Shanduka Group was indicted in the
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Index


verification
improve this article
adding citations to reliable sources
"Shanduka Group"
news
newspapers
books
scholar
JSTOR
Learn how and when to remove this message
holding company
Cyril Ramaphosa
CEO
MTN
Paradise Papers
Investec
"Shanduka Group gains majority control of coal JV"


"South African Deputy President To Earn At Least $ 200 Million From Sale Of Investment Firm"
Our Business.
Executive Management Phuti Mahanyele Chief Executive Officer.
Archived
Wayback Machine
"CIC buys 25% stake in Shanduka"
"Ramaphosa's Shanduka Buys $ 335 Million Stake in MTN Nigeria Units"
"South African Deputy President To Earn At Least $ 200 Million From Sale Of Investment Firm"
"Pembani Group Proprietary v Shanduka Group Proprietary Limited (18 September 2015)"
"amaBhungane - Paradise Papers: SA names aplenty in massive new tax haven leak"

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