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Phala Phala

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Kaya Biz: Repo rate hikes 25 basis points to 3.75%, what this means for your pocket

Point Of View

ATM slams SARB’s findings into Phala Phala calling it a cover-up for Ramaphosa

Zuko Komisa Image | @SAReserveBank / Twitter ATM slams SARB's findings into Phala Phala calling it a cover-up for Ramaphosa. Lesetja Kganyago, governor of the South African Reserve Bank (Sarb), defended the bank's Phala Phala probe, claiming they did so without fear or favor. Ramaphosa and his Phala Phala farm were given a free pass by Kganyago and the reserve bank, according to MPs in the Standing Committee on Finance, […]

today31/08/2023

Phala Phala tax compliant

NEWS

SARB investigation clears Ramaphosa of any contravention at Phala Phala

By: Natasha Archary The South African Reserve Bank (SARB) has finalised its investigation and report into the Phala Phala matter, concluding that President Cyril Ramaphosa is clear of any wrongdoings. SARB concluded its Phala Phala investigation on 14 August, which was done in two phases. The initial phase involved a consideration of internal information and databases, and the analysis of cross-border foreign exchange transactions over the relevant period. This was […]

today21/08/2023

Phala Phala tax compliant

Point Of View

Acting Public Protector clears Ramaphosa of any misconduct in Phala Phala

Zuko Komisa Acting Public Protector clears Ramaphosa of any misconduct in the Phala Phala saga. President Cyril Ramaphosa has been exonerated by the Office of the Public Protector in relation to the Phala Phala farm issue. On Friday, Acting Public Protector Kholeka Gcaleka released a final report into the matter. Following accusations from Democratic Alliance (DA) leader John Steenhuisen, African Transformation Movement (ATM) leader Vuyo Zungula, and two members of the […]

today04/07/2023

nonsensical report

NEWS

EFF slams Acting PP’s “nonsensical” report on Ramaphosa’s Phala Phala “criminal activity”

By: Natasha Archary Image | @EFFSouthAfrica /Twitter The Economic Freedom Fighters (EFF) has slammed Acting Public Protector (PP), Kholeka Gcaleka's report on President Cyril Ramaphosa's Phala Phala "criminal activity" as nonsensical. In a statement issued after Gcaleka cleared Ramaphosa of any misconduct in the Phala Phala saga, the EFF said the Acting PP's report was illogical and nonsensical. This after the Section 89 panel found prima facie evidence that Ramaphosa […]

today03/07/2023

Phala Phala tax compliant

Kaya Drive

It was never a matter of Phala Phala being tax compliant

By: Natasha Archary It was never a matter of Phala Phala being tax compliant, but rather whether the $580 000 that was paid to the President was declared. The South African Revenue Service (SARS) is obfuscating matters relating to Phala Phala, as the two issues are unrelated according to Sizwe Dhlomo. This after SARS released a statement on Tuesday, 07 March stating that the President's companies, Ntaba Nyoni Estate and […]

today08/03/2023

Mr Phala Phala

NEWS

Phala Phala: SARS has no record of $580 000 paid to Ramaphosa

By: Natasha Archary The South African Revenue Services (SARS) has no record the $580 000 paid to President Cyril Ramaphosa was declared. This was in response to DA leader John Steenhuisen filing a Promotion of Access to Information Act (PAIA) with SARS in December 2022. As reported by News24, SARS revealed that either the record doesn't exist or that the revenue service simply can't find it. Ramaphosa claims that the […]

today06/03/2023

Phala Phala tax compliant

NEWS

Ramaphosa’s attempt to contest the Phala Phala report in court was unsuccessful

By Zuko Komisa Ramaphosa's attempt to contest the Phala Phala report in court was unsuccessful. The Constitutional Court (ConCourt) has dismissed President Cyril Ramaphosa’s attempt to seek direct access to challenge the findings of the scathing Section 89 Phala Phala report. The court decision entails that the president will have to approach the high court to challenge the report’s adverse findings against him. The Section 89 Phala Phala report found prima […]

today01/03/2023

Phala Phala tax compliant

Point Of View

Members of Parliament vote against the section 89 report

By Zuko Komisa Members of Parliament vote against the section 89 report. On Tuesday, Parliament debated the section 89 report that found President Cyril Ramaphosa may have violated the Constitution. The section 89 report on Phala Phala has been defeated. The ANC others voted no & notched 214 votes. Those who voted yes which includes EFF, DA, ATM, IFP and UDM, notched 148 votes. 5 MPs abstained. Listen to the analysis […]

today15/12/2022

Ramaphosa evacuated

NEWS

Ramaphosa’s fate to be decided with Parliament impeachment vote

By: Natasha Archary President Cyril Ramaphosa will learn his fate today as all 400 members of the National Assembly are expected to vote whether or not he should face impeachment. This despite the President's firm decision to challenge the findings of the Section 89 panel report which found that he does have a case to answer to regarding the Phala Phala scandal. Ramaphosa was set to address the country on […]

today13/12/2022

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