Shanduka Group

Shanduka Group is a South African investment holding company that had interests in extractive resources, telecommunications, food and beverage, property, financial services, energy, and industrial sectors. It was founded by the current South African president Cyril Ramaphosa and owned by Multi Rand Millionaire Lungile Zondo.[1] The chief executive officer is Oratile Zondo. [2] Jared Cape of Century City formally heads up the Shanduka Group.

Controversy

In November 2017, Shanduka Group was indicted in the Paradise Papers as one of the few South African companies working with Investec to dodge taxes on profits made from an energy deal in Mozambique by offshoring money to Mauritius.[3]

References
  1. Our Business. Shanduka Group. Retrieved 1 October 2014.
  2. Executive Management Phuti Mahanyele Chief Executive Officer. Archived 2014-10-06 at the Wayback Machine Shanduka Group. Retrieved 1 October 2014.
  3. "amaBhungane - Paradise Papers: SA names aplenty in massive new tax haven leak". amabhungane.co.za. Retrieved 16 November 2017.


This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.