Citi Newsroom

Cyril Ramaphosa faces threat of impeachment over ‘Farmgate’

Cyril Ramaphosa faces threat of impeachment over ‘Farmgate’

The president has been accused of covering up a $4m (£3.3m) theft from his farm in 2020, including kidnapping and bribing the burglars into silence.

.

The ANC will hold a meeting with its executive on Thursday, where it is expected that the issue will be discussed.

The Farmgate scandal erupted in June, when a former South African spy boss, Arthur Fraser, filed a complaint with police accusing the president of hiding a theft of $4m in cash from his Phala Phala farm in the northeast of the country in 2020.

Mr Fraser, who is a close ally of former President Jacob Zuma, alleged that the money could have been the proceeds of money laundering and corruption, and accused the president of kidnapping and bribing the burglars.

The panel concluded that there were many unanswered questions, calling it a “very serious matter”.

Little information was kept about the man who supposedly paid the money for buffalo, it said, adding that he had still not collected the animals two and a half years later.

The panel also said it was strange that the money had been kept hidden in a sofa, rather than in a safe until it could be lodged in a bank account.

Original Story on: Citi Newsroom
Scroll to Top