Johnathan Paoli
THE South African Reserve Bank (SARB) Governor Lesetja Kganyago confirmed on Wednesday that investigations into President Cyril Ramaphosa’s Phala Phala saga, where large amounts of foreign currency were kept at his farm, is at an advanced level.
Kganyago first announced that the probe is almost complete while talking to the Soweto community on Tuesday evening and he repeated the statement again on Wednesday morning on a popular radio talk show.
His comments came soon after the release of the Phala Phala report by the acting Public Protector Kholeka Gcaleka, which cleared Ramaphosa of any wrongdoing in his handling of the housebreaking and theft at his farm.
Kganyago said as a general principle, SARB does not comment on investigations that are underway or have taken place in the past but “we are close to finalising our report and I must state here that the investigations into Phala Phala were
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