Johannesburg - Agang SA leader Mamphela Ramphele benefited from black economic empowerment (BEE) deals worth millions of rands, The Star reported on Friday.
The newspaper said Ramphele, through her spokesperson Adi Mistry-Frost, confirmed she benefited from R40m worth of BEE deals in five companies.
"With the exception of Pearsons, the BEE deals Dr Ramphele has been involved in were part of her remuneration as a chairperson or director," Mistry-Frost said.
"In helping to lead these companies, Dr Ramphele has therefore been in a position to add value to the company by pursuing growth, job creation, and, above all, championing the transformation agenda."
Ramphele's office told the publication she was consulting with party members to form Agang SA's BEE policy "because it is clear that people feel BEE has not been correctly implemented."
This week, Ramphele publicly disclosed her personal finances and called on President Jacob Zuma to do the same.