Article 3G2C4 Cyril Ramaphosa, South Africa's New President, Known for Moving Profits to Offshore Tax Havens

Cyril Ramaphosa, South Africa's New President, Known for Moving Profits to Offshore Tax Havens

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mail@democracynow.org (Democracy Now!)
from Democracy Now! on (#3G2C4)
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African National Congress leader Cyril Ramaphosa has been confirmed as the new president of South Africa, after the former leader, Jacob Zuma, resigned from office abruptly on Wednesday night amid a series of corruption scandals. Ramaphosa once led the National Union of Mineworkers under apartheid in the 1980s. He later built a business empire that encompassed mining interests-including the Marikana platinum mine, where police killed 34 workers during a strike in 2012. Ramaphosa is now one of Africa's wealthiest men, with a net worth of about $450 million. Now, activists are talking about Ramaphosa's ties to tax havens during his time in the corporate sector. We go to Johannesburg to speak with activist Koketso Moeti, founder of the community advocacy organization Amandla.mobi. Her recent piece for News24 is headlined "The rich can't steal, right?"

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