Shanduka Group was a South African investment

holding company A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies ...

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 Matamela Cyril Ramaphosa (born 17 November 1952) is a South African businessman and politician who is currently serving as the fifth democratically elected president of South Africa. Formerly an anti-apartheid activist, trade union leader, and ...

. The chief executive officer was Phuti Mahanyele.Executive Management Phuti Mahanyele Chief Executive Officer.
Shanduka Group. Retrieved 1 October 2014. Jared Cape of Century City formally heads up the Shanduka Group.

Controversy

In November 2017, Shanduka Group was indicted in the

Paradise Papers The Paradise Papers are a set of over 13.4 million confidential electronic documents relating to offshore investments that were leaked to the German reporters Frederik Obermaier and Bastian Obermayer, from the newspaper'' Süddeutsche ...

as one of the few South African companies working with

Investec Investec is an Anglo-South African international banking and wealth management group. It provides a range of financial products and services to a client base in Europe, Southern Africa, and Asia-Pacific. Investec is dual-listed on the Londo ...

to dodge taxes on profits made from an energy deal in Mozambique by offshoring money to Mauritius.

References

External links

*https://web.archive.org/web/20141006101003/http://www.shanduka.co.za/ Investment management companies of South Africa Financial services companies established in 2001 South African companies established in 2001 {{SouthAfrica-company-stub