Statement on Fin24 report on Eskom coal contracts

Pretoria - The Office of the Deputy President takes exception to statements made by energy analyst Ted Blom during a press club briefing on Friday 24 April 2015 in Cape Town and published in Fin24 that Deputy President Cyril Ramaphosa has benefited improperly from Eskom coal contracts.

It is a matter of public record that the Deputy President has divested of his interest in Shanduka Group and no longer holds any mining interests.

The Deputy President undertook this divestment following his appointment to the position of Deputy President of the Republic to avoid any potential for conflict of interest.

It is unfortunate that the Mr Blom, who presents himself as an industry analyst, would make claims that are factually incorrect.

It is also unfortunate that Fin24 would publish these claims without seeking comment from the Office of the Deputy President.

Enquiries: Ronnie Mamoepa 082 990 4853

Issued by: The Presidency

Pretoria