‘Why didn’t Ramaphosa deposit the game reserve money?’

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[Picture: GCIS]

A shroud is hanging over President Cyril Ramaphosa as the public questions why he had $4 million in cash at his Limpopo game reserve.

This came to light after former state security boss, Arthur Fraser had lodged a criminal case against the president for allegedly failing to report the incident to police when the money was stolen from the property.

The Presidency has since confirmed that the robbery took place in February 2020, and that he had alerted the presidential arm of the South African Police Service.

Now the Democratic Alliance wants SARS and the Reserve Bank to investigate the incident.

The party’s leader, John Steenhuisen says that the incident had raised concerns about tax compliance in the transaction that led to the president acquiring about R62 million in cash.

The Presidency says that the money had come from a deal between the President and private breeders or investors.

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Jun 27, 2022
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