Ramaphosa holds no mining interests - Presidency

The divestment was announced in November 2014 and was a result of a process that he initiated to remove the potential for any conflicts of interest, the Presidency said on Wednesday, 24 June.

This comes after Economic Freedom Front Members of Parliament made certain claims in the National Assembly regarding the deputy president and state utility Eskom.

The Presidency said it was a matter of public knowledge that Ramaphosa had disposed of his shareholding in the Shanduka Group, an investment holding company with assets in a number of regulated industries such as resources and energy.

Rule 3.6 of the Executive Ethics Code requires members of the executive to dispose of assets that may give rise to a conflict of interest or place them under the control of professional and independent persons.

Ramaphosa was assigned by Cabinet in December 2014 to lead the "Eskom war room", which is focused solely on the implementation of government's five point plan to address the current electricity constraints facing the country.

The Presidency said he does not stand to benefit personally from these processes.

"The Presidency calls on the EFF to have the courage of its conviction to substantiate their claims or withdraw them," said the Presidency.