Deputy president Cyril Ramaphosa’s Shanduka Trust has been named as part of a cartel responsible for possible collusion and uncompetitive practices related to Eskom coal contracts.
According to a report by BusinessDay, the Competition Commission has been asked to investigate the dealings by an anonymous source.
The source alleges that Ramaphosa’s Shanduka Trust, alongside other big names such as Anglo American, Exxaro and BHP Billiton, had formed a cartel and were blocking smaller coal suppliers through their exclusive contracts with Eskom.
The commission’s cartels division manager, Makgale Mohlala, confirmed that the complaint had been made, but said it was still fresh and needed to be investigated.
He would not divulge the names of implicated directors, but said the commission would investigate the alleged collusion as well as a case of irregular contract extension.
The news of Ramaphosa’s possible involvement in a cartel follows a series of “smear campaigns” against the ANC presidential hopeful – including allegations of adultery – as the party gears up for its December elective conference.
Ramaphosa’s spokesman, Tyrone Seale, indicated that a timeline would be needed as the deputy-president had divested from mining in 2014.
However, he highlighted that Ramaphosa has been on record as a supporter of improving the economy and combating uncompetitive behaviour.