The Cyril Ramaphosa Foundation, previously known as the Shanduka Foundation, was founded by Cyril Ramaphosa and the Shanduka Group in 2004. However, in 2015, the Foundation underwent a name change and is currently known as the Cyril Ramaphosa Foundation. The Foundation’s mission is to create opportunities for students by way of education and enterprise development.
In 1996, Cyril Ramaphosa started assisting students from disadvantaged backgrounds with bursaries to attend university. The funding was earned from his public speaking engagements and in 2000, the Cyril Ramaphosa Education Trust (CRET) was established. Today, the CRET is an independent non-profit organisation of the Cyril Ramaphosa Foundation.