While dismissing accusations that the dollars stolen from his Phala Phala farm were linked to money laundering, President Cyril Ramaphosa on Thursday dropped a quiet bombshell that the blind trust he intended to establish on becoming Deputy President was never set up.
The Phala Phala farm forex theft had little to do with President Cyril Ramaphosa as he’s just a ‘major shareholder’ in a business entity, says the ANC.
President Cyril Ramaphosa has maintained his silence beyond citing ‘due process’ in five parliamentary replies to the opposition. But his arrival at the G7 Summit is under a cloud as German media raise the Phala Phala forex scandal.
President Cyril Ramaphosa on Friday stayed on message – nothing would be said on the forex stolen from his Phala Phala farm because ‘due process’ must unfold as official investigations are under way. But that did not mean he wasn’t accounting, the president told MPs.
As more questions arise over the February 2020 forex and cash theft at President Cyril Ramaphosa’s Phala Phala wildlife farm, it has emerged there is a serious omission of this in the SAPS annual report thus compromising a key oversight and accountability tool.