JOHANNESBURG (Reuters) - Newly appointed South African Deputy President Cyril Ramaphosa will divest from Shanduka, the black investment firm he founded more than a decade ago, to avoid conflicts of interest with his government duties, the company said on Monday.
Shanduka, which is 25 percent owned by China's sovereign wealth fund [CIC.UL], also said it would merge with another prominent investment company, creating what is likely to be South Africa's largest black-owned private investment group.
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