Ramaphosa: there can only be conflict of interest if there is proof


- fin24.com | 12 months ago

He has no conflict of interest regarding SA's independent power producers (IPPs) programme and those who make such allegations must prove it first, President Cyril Ramaphosa said in Parliament on Thursday.

Ramaphosa responded to a question submitted by Julius Malema of the Economic Freedom Fighters (EFF) who wanted to know what the total cost to Eskom is of the independent power producers that signed the latest round of power purchasing agreements (PPAs) with Eskom and whether the cost of the PPAs will "collapse" Eskom if they are not cancelled. On behalf of Malema, EFF MP Hlengiwe Mkhaliphi asked Ramaphosa whether his family benefitted from IPPs and whether he does not perhaps have a conflict of interest in that regard.

Ramaphosa answered that, when he was elected president of the ANC, he divested himself from his business interests over a period of about three months.

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