South Africa's Ramaphosa says to review business ties

Cyril Ramaphosa (R) celebrates his election as party Deputy President at the National Conference of the ruling African National Congress (ANC) in Bloemfontein December 18, 2012. REUTERS/Mike Hutchings

JOHANNESBURG (Reuters) - Cyril Ramaphosa, the newly elected deputy president of South Africa's ruling ANC, said on Wednesday he was reviewing his extensive business ties for potential conflicts of interest.

Ramaphosa, one of Africa's richest men and a board member of some of the continent's biggest companies, said in a statement he would review his "existing positions, responsibilities and obligations". His investment company, Shanduka Group, is a quarter-owned by China's sovereign wealth fund.

(Reporting by David Dolan; Editing by Ed Cropley)

Copyright ? 2012 Reuters

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