EFF CONDEMNS THE SOUTH AFRICAN RESERVE BANK FOR GRANTING CYRIL RAMAPHOSA AN EXTENSION TO RESPOND ON PHALA PHALA FARM
Thursday, 08 September 2022
The Economic Freedom Fighters (EFF) condemns in the strongest terms, the patently corrupt decision by the South African Reserve Bank (SARB) to grant yet another extension for Cyril Ramaphosa to respond to the questions posed to him regarding Phala Phala Farm.
The Reserve Bank has now confirmed that they are complicit in the cover-up of Phala Phala Farm, by granting an unjustifiable extension to an individual who is determined to avoid accountability.
It is absolutely ridiculous that Ramaphosa has not accounted for the origins and underlying transactions of the millions of US Dollars at Phala Phala Farm to the Reserve Bank, after being afforded 79-days to do so.
Ramaphosa has now been granted two extensions, after failing to respond within the initial 21-days he was granted from the 20th of June 2022. He failed to respond when he was granted a 15-day extension, and proceeded to provide an inadequate response which lacked detail to the Reserve Bank, further delaying the process for weeks. Afterwards, the Reserve Bank demanded details and gave him a deadline of the 08th of September 2022, a deadline he has failed to adhere to.