ActionSA consulting legal representatives following SARB Phala Phala whitewash
21 August 2023
ActionSA is consulting our legal representatives following the South African Reserve Bank’s (SARB) investigation which cleared President Cyril Ramaphosa of any wrongdoing related to whether he had to disclose the foreign currency which was stolen at his Phala Phala farm in 2020.
We firmly believe the SARB investigation is another attempt to cover up President Ramaphosa's involvement in the burglary. How is it possible that $580,000 (or $4 million as Arthur Fraser has alleged) can be hidden away in a couch without our financial agencies being aware of it?
ActionSA is furthermore dismayed by SARB Governor, Lesetja Kganyago’s correspondence to our letter dated 6 June 2022 that the Phala Phala report will remain private: if the President has nothing to hide - why would the report not be released for public consumption?