Shanduka Group
From Wikipedia, the free encyclopedia
Shanduka Group was a South African investment holding company which was merged into Phembani Group in June 2015. Its interests included extractive resources, telecommunications, food and beverage, property, financial services, energy,[1] and industrial sectors. It was founded in 2001 by South African president Cyril Ramaphosa[2] and owned by Multi Rand Millionaire Lungile Zondo.[3] Oratile Zondo is the CEO.[4]
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.[5]
In 2012, the company acquired a $335 million stake in telecommunications provider MTN.[6]
Controlling shareholder Ramaphosa sold his interest in Shanduka Group to Phembani Group in 2015, into which the company merged.[7][2][8]
