MTN Group chairman, Cyril Ramaphosa, has been nominated for the position of deputy president of the African National Congress (ANC) and will run against Mathews Phosa and Tokyo Sexwale.
Voting began after midnight on Tuesday (18 December), at the ANC’s national elective conference in Manguang in the Free State.
Ramaphosa is independent non-executive director and chairman of the mobile operator, and is also chairman of Bidvest Group. He also sits on the board of brewer, SAB Miller and Standard Bank Group.
Kgalema Motlanthe withdrew his candidacy for deputy president and is set to run against President Jacob Zuma to lead the ANC.
Earlier this year, Forbes ranked Ramaphosa as the 36th richest man in Africa, with a fortune of $275 million, accumulated mostly from mining operations. He also owns the McDonald’s Corp franchise in South Africa.