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Archived News Releases

China Investment Corporation acquires a 25% shareholding in Shanduka Group

Shanduka Group and China Investment Corporation are pleased to announce they have concluded a transaction which will result in CIC acquiring a 25% shareholding in Shanduka for R2billion. CIC will acquire its shares primarily from exiting shareholders, Old Mutual Private Equity and Investec.

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Shanduka Group increases shareholding in Shanduka Coal

Shanduka Group, today announced that it has increased its shareholding in Shanduka Coal from 30% to 50.01%, which will result in Shanduka sharing control of Shanduka Coal with Glencore International plc.

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2nd Edition of 100% Black Owned Business Directory Launches

blackpages available with Finweek at local news agents from 1st April 2011

The second edition of blackpages – the directory of 100% black owned SMMEs in South Africa – is bigger and better than ever.

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McDonald’s names Cyril Ramaphosa as Developmental Licensee for South Africa

McDonald’s Corporation today announced the appointment of Cyril Ramaphosa as Developmental Licensee (DL) for South Africa. As the new DL, Mr. Ramaphosa will be responsible for the operation of McDonald’s restaurants in South Africa.

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Leadership Changes At Shanduka Group

Mr Cyril Ramaphosa, chairman of Shanduka Group, announced a number of leadership changes at Shanduka Group that will see the company through its next growth phase...

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Milestone Development As Shanduka Acquires Majority And Controlling Interest In Incwala Resources

Shanduka Group, a leading black-owned and controlled investment holding company is proud to announce a significant milestone in the building of its presence in the South African mineral resources sector...

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Black Pages - SA's Directory of 100 Percent Black-Owned Business - Launched By Cyril Ramaphosa

South Africa’s directory of 100 percent black-owned businesses, Black Pages, was unveiled today by businessman Cyril Ramaphosa..

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Peri-Urban Gauteng School Receives Much Needed Assistance

765 learners are benefiting from improved school infrastructure in Eikenhof, south of Johannesburg thanks to a 5 year social investment project initiated by Shanduka employees...

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SA Women Benefit From A Unique Shanduka Black Empowerment Deal

In a landmark deal, Shanduka Group - a black owned and managed investment holding company - has given 10.5% of its shares to a female consortium. Shanduka Group, chaired by Cyril Ramaphosa, vendor financed this transaction on favourable terms in a bid to broaden transformation in this country and support female empowerment...

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Groom Black CEO at Forbes - Ramaphosa

BUSINESSMAN Cyril Ramaphosa considered divesting his stake in Alexander Forbes in protest at the company’s slow pace of transformation, but abandoned the idea on the advice of his “peers” and black executives at Africa’s largest pension fund administrator...

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Cyril, Roelf Team With AT Kearney

FORMER constitution drafters Cyril Ramaphosa and Roelf Meyer have teamed up to form a new consulting company aimed at advising both the public and private sector....

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Going For Growth

Shanduka's strategy comprises three distinct phases. It begins as a financial investor, takes steps to acquire operating skills and then moves towards acquiring manage­ment and equity control...

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Macsteel Announces Sale of 25,5% of SA Unit To Empowerment Consortium

In what was arguably the most signficant private-company BEE deal to date, some 25,5% of MSCSA's shareholding would be sold in a deal valued at about R200-million...

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Shanduka Resources Has Ambitious Coal Growth Strategy

Although Shanduka Resources has pursued this coal strategy for the last four years...

 

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BEE Investment Group Spreads its Wings To Rest Of The Continent

Constitution Hill was the venue for a fundraising dinner on Wednesday night marking the inauguration of the Constitution Hill Trust.

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Launches And Lofts The Constitution Hill Trust

Constitution Hill was the venue for a fundraising dinner on Wednesday night marking the inauguration of the Constitution Hill Trust.

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Metorex Buy Fuels Coal Drive By Shanduka

Cyril Ramaphosa's Shanduka Resources, whose appetite for junior coal companies has grown since acquiring its first coal business four years ago, has snapped up the coal assets of Metorex, after offering a price that the JSE-listed mining group could not refuse.

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Shanduka Buys Metorex's Coal Assets For R425m

Local diversified midtier miner Metorex has sold its Wakefield coal operation to black economic-empowered (BEE) miner Shanduka Coal for R425-million, Metorex announced on Friday.

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BEE

Mining consulting company Dowding Reynard & Associates (DRA) has entered into a black economic-empowerment deal with a group headed up by former trade unionist and politician, Cyril Ramaphosa.

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Ramaphosa-led Group Buys into Mine Project House

Mining consulting company Dowding Reynard & Associates (DRA) has entered into a black economic-empowerment deal with a group headed up by former trade unionist and politician, Cyril Ramaphosa.

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The Miracle Continues For The Community Of Dutyini

The Shanduka Foundation is pleased to announce that on 24 April 2006, they handed over a newly built set of classrooms, an administration and ablution blocks to Dutyini Junior Secondary School...

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Mondi launches Share Ownership Scheme for Employees

Mondi South Africa Ltd, a wholly owned subsidiary of Anglo American plc, today launched its Employee Share Ownership Plan, which allows employees to participate as shareholders in the business....

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Shanduka Expands its Horizons

Shanduka Group (Pty) Limited (Shanduka) has invested in a Nigerian company, Helios Towers Nigeria (Pty) Limited (“HTN”), alongside other international partners.

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The Partnership that made a Difference

On Thursday 9 February, the Shanduka Foundation together with Merrill Lynch, MTN, Tshwane Energy and Electricity department and NETgroup will launch the first phase of Motshegofadiwa Primary School facilities improvement...

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ASSORE Concludes a R534 Million BEE Transaction

Mining house Assore, a major player in South Africa’s key iron ore and manganese mining and refinement sectors, today (Thursday) concluded a black economic empowerment transaction (BEE) in terms of which it will facilitate the transfer of 15% of its equity to a strategic BEE partner and a broad-based community trust.

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From the Business Day Bottom Line Column

SHANDUKA Resources, which is buying an 11,76% stake in Assore, already has investments in paper, coal and diamond exploration. That means it brings more to the Assore partnership than some empowerment partners bring in other deals where they have no knowledge of the industry in which they are investing. This sometimes includes business skills, as in the case of community trusts.

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Pandor: Shanduka Foundation Golf Day

Opening remarks by the Minister of Education, Ms Naledi Pandor, at the Shanduka Foundation Golf Day, Eagle Canyon Golf Estate, Johannesburg

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