EXCLUSIVE | How SARB accepted Ramaphosa's Phala Phala story - but questioned buyer's version
Sudanese businessman Hazim Mustafa told the SA Reserve Bank he was driven to Cyril Ramaphosa’s Phala Phala farm in a limousine and claimed the $580 000 in cash he gave to the president’s staff was a deposit to show he was"serious" about buying 20 buffalo.
This emerged in a previously confidential report that details the central bank’s Financial Surveillance investigations into alleged exchange control violations linked to the Phala Phala cash – and reveals how SARB investigators cleared the president and his estate, despite noting"inconsistencies and non-alignment of certain of the evidence" before them.
While the SARB noted"inconsistencies" in Mustafa's evidence, it stated that"it would appear that there are no material inconsistencies in the president’s account of events". South Africans need to be in the know if we want to create a prosperous future. News24 has kept the country informed for 25 years, and we're about to enter a new chapter of fearless journalism.
A new bi-weekly newsletter by wine editor Daléne Fourie. The newsletter will serve as a guide for those who make wine, those who want to learn more about wine, and those who simply just love wine.Good News
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Phala Phala: Hawks arrest two men linked to theft at Ramaphosa's farmPhala Phala: Hawks arrest two men linked to theft at Ramaphosa's farm
Read more »
Hawks arrest two suspects in Phala Phala Farm robbery investigationThe Hawks said the arrest of a third suspect is imminent in the ongoing investigation into the theft at Ramaphosa's Phala Phala farm.
Read more »
2 Phala Phala Suspects Arrested in Rustenburg and Bela Bela, Netizens Troll ThemTwo suspects linked to the Phala Phala farm robbery were arrested in Rustenburg, North West and Bela Bela in Limpopo. Netizens roasted them on Facebook.
Read more »
Adriaan's top 10 reads of the day | Phala Phala arrests, SA diplomats recalled, NSFAS spender sparedAdriaan's top 10 reads of the day | Phala Phala arrests, SA diplomats recalled, NSFAS spender spared
Read more »
Suspects in Phala Phala farm theft to appear in court - SABC News - Breaking news, special reports, world,The two will be charged with housebreaking and theft.
Read more »
The story of Ramaphosa's presidency through memesVanessa Banton | The story of Ramaphosa's presidency through memes
Read more »