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Andile Ramaphosa hires law firm to probe his business partnerships

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Andile Ramaphosa cut ties with the chairman of a Chinese company alleged to have given Eskom a loan without the power utility following due processes.

Andile said their relationship dates back to January last year when his Blue Crane Capital partnered with Chen, to form a company called Blue Tree International, noting that the partnership was formed with the purpose of acquiring a majority shareholding stake in Mercantile Bank, which was up for sale at the time. Ramaphosa jr however pulled out of the bid after careful consideration.

Chen, who leads Hong Kong-listed company Sino Energy International, among other business enterprises,"was able to validate his financial muscle through the strength of his balance sheet – about R2bn was required to acquire Mercantile Bank".

 

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I’m sure Ramaphosa regrets making this child 🤦🏼‍♀️ he is a problem

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Andile Ramaphosa hires law firm to review business relationshipsIt appeared the move may be an attempt to come clean after he recently admitted to receiving R2 million in a deal with the company formerly known as Bosasa. Due diligence after the fact 😏 whose fulling who here? Too late Waiting For CyrilRamaphosa to take Andile to police. Or is that just another Lie under the NewDawn namesake MYANC StateCaptureInquiry
Källa: ewnupdates - 🏆 30. / 53 Läs mer »