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South Africa: SARB Report Needed to Clarify President's Exoneration - Democratic Alliance
DA, 21 August 2023
The DA notes the South African Reserve Bank's (SARB) announcement that it has finalised its year-long investigation into the "Phala-Phala" matter. The findings of the investigation… Read more »
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South Africa: Reserve Bank's Phala Phala Cop-Out Puts President in the Clear
Daily Maverick, 21 August 2023
Central Bank gives Ramaphosa the final get-out of jail free card on the buffalo sale and dollar theft at his farm. Read more »
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South Africa: Reserve Bank Finalises Its Investigation and Report Into the Phala Phala Matter
Govt of SA, 21 August 2023
The South African Reserve Bank (SARB) finalised its investigation and report into the Phala Phala matter on 14 August 2023. Read more »
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South Africa: Reserve Bank Report Clears President of Exchange Control Violations
Scrolla, 21 August 2023
The South African Reserve Bank (SARB) has cleared President Cyril Ramaphosa of any wrongdoing following its investigation into the Phala Phala saga. Read more »
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South Africa: Presidency Notes Conclusion of SARB Phala Phala Investigation
Govt of SA, 21 August 2023
The Presidency has noted the completion of the South African Reserve Bank (SARB) Phala Phala investigation and the subsequent findings. Read more »
South African Reserve Bank Closes Book on Phala Phala Scandal
The South African Reserve Bank (SARB) has cleared President Cyril Ramaphosa of any wrongdoing following its investigation into the Phala Phala saga.
SARB found that Ramaphosa's Ntaba Nyoni Estate, that owns the Phala Phala game farm, was not "legally entitled" to the U.S.$580 000 it received from Sudanese businessman Hazim Mustafa for 20 buffalo.
The investigation was prompted by a complaint from former spy boss Arthur Fraser, who alleged that Ramaphosa failed to report the burglary at his farm, a violation of the Prevention of Organised Crime Act.
Previously, Ramaphosa was cleared of any wrongdoing by the Public Protector. The scandal saw the theft of more than U.S.$500,000 that had been stashed in a sofa at Ramaphosa's Phala Phala game farm. Acting Public Protector Kholeka Gcaleka said Ramaphosa did not violate the ethics code for members of South Africa's executive over the incident, which happened in 2020 but was only revealed publicly in 2022.
InFocus
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South African President Cyril Ramaphosa has been cleared of any wrongdoing by a public watchdog over a scandal involving the theft of more than U.S.$500,000 that had been stashed ... Read more »
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Much ink will be spilt and tweets posted about the future of South Africa's President Cyril Ramaphosa, his governing African National Congress (ANC) party, and South Africa in the ... Read more »
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Namibian authorities have identified several suspects linked to the theft of nearly U.S.$4 million from South African President President Cyril's Phala Phala farm in Limpopo in ... Read more »
