SACC: Sarb statement on Phala Phala leaves more questions than answers
The South African Council of Churches (SACC) added its voice to the South African Reserve Bank’s (Sarb) investigation into the Phala Phala farm saga, saying its statement was confusing and left more questions than answers.
Sarb cleared President Cyril Ramaphosa of any wrongdoing related to the theft of millions of undeclared foreign currency on his farm in 2020.
The central bank found there that was no legal obligation on the president to declare the currency under the exchange control regulations.
It concluded that because there was no completed transaction in the sale of buffalo, there was no contravention by Ramaphosa and Ntaba Nyoni Estate, which runs Phala Phala.
-EWN
In other news – PICS: Maps Maponyane and ex-Miss SA Shudu Musida fuel dating rumours
Beautiful Shudu Musida, the former Miss South Africa is rumoured to be dating entrepreneur Maps Maponyane after a “Twitter police” spotted his shoes on the beauty queen’s Instagram story.
The actor and model Maps revealed on his Instagram that he was in Italy a few weeks ago at the same time as the Limpopo-born beauty queen Shudu Musida. Whilst the pair are not “Instagram official”, Twitter detectives have been hard at work to proof that they are in a relationship. Read More
