There’s a giant dark cloud hanging over President Cyril Ramaphosa following the revelation last week that money was stolen from the president’s farm in Limpopo two years ago.
It was initially reported that a case was opened in February 2020, but police say no such case has been opened in the two years since the burglary.
Presidency spokesperson Vincent Magwenya said over the weekend that the head of Ramaphosa’s police protection unit, Major-General Wally Rhoode, did not report the burglary.
Last week, Magwenya said the president reported the burglary to his protection unit and that a case was opened with the South African Police Service (SAPS)
Magwenya said he was not in a position to comment on why Rhoode did not report the crime to the police.
The allegations of a robbery on the president’s farm near Bela-Bela were first made by former state security agency director-general Arthur Fraser who alleged that the bandits stole more than $4 million but were subsequently caught, interrogated and paid R150,000 each for their silence.
Ramaphosa has refuted the claims made by Fraser and Magwenya says the $4 million sum is greatly exaggerated.
The president has denied that he was part of any cover-up or that he was involved in any money-laundering or tried to hide the money from the South African Revenue Service (Sars).
Ramaphosa, however, refused to divulge exactly how much foreign currency was stolen from the farm but defended his cattle business and said it had been declared in parliament.
“I want to reaffirm that I was not involved in any criminal conduct, and once again, I pledge my full cooperation with any form of investigation.
Still, due to the investigation, I will not be able to engage deeply or further in the matter. I will let the due process take its course.”
Ramaphosa added that the allegations of money laundering and corruption levelled against him were politically motivated.
Here’s a round-up of what we’re reading:
SA Business
SANTACO and NTA calls on COSATU to join the national shutdown over the hiking fuel prices – SABC
South African cities with the best and worst employment rates – BusinessTech
Even R350 in support from family will disqualify SA’s poor from SRD grants – Fin24
Global Business
Read the email Elon Musk sent to Tesla employees about returning to the office – Business Insider
Mercedes recalls almost 1m cars over faulty brakes – BBC
Why the Central African Republic adopted Bitcoin – BBC
Markets
Asia shares edge up with US futures, oil gains – SABC
Asian markets mixed as US jobs data give Fed room to hike rates – AFP
Dollar Down, Investors Bet on More Interest Rate Hikes over Upbeat Jobs Report – Investing.com









