Cyril sells off business interests

Deputy President Cyril Ramaphosa has completed negotiations for the sale of most of his business interests to the Pembani company led by MTN Group chairman Phuthuma Nhleko, creating a $1-billion black-owned company, people familiar with the matter say. Ramaphosa's family trust sold his 30% stake in Shanduka Group, the group he founded in 2001 after quitting government, three people said, asking not to be identified because the information hasn't been made public.