Phala phala report summary. SARB Phala Phala Report The South African Reserve Bank (SARB) finalised its investigation and report into the Phala Phala matter on 14 August 2023. Nov 7, 2023 · Where did the Phala Phala money come from and why was it never declared? According to the Sarb report, it wasn’t Ramaphosa’s money to start with. 121 of 1998 3 days ago · Alleged Phala Phala farm burglary mastermind Imanuwela David and his two co-accused pleaded not guilty as the first witness detailed how the stolen cash was concealed in a couch. We've updated . He alleged, among other things, that “[t]he mere fact that President Ramaphosa had large undisclosed sums of foreign currency in the form US$ concealed in his furniture at his Phala Phala residence is prima facie proof of money laundering in contravention of section 4 of the Prevention of Organised Crime Act No. It finds that the President may have violated the executive ethics code by not reporting stolen foreign currency. SARB’s Jun 30, 2023 · This is a report of the Public Protector issued in terms of section 182 (1) (b) of the Constitution, which empowers the Public Protector to report on any conduct in state affairs that is suspected to be improper or to result in any impropriety or prejudice and section 8 (1) of the Public Protector Act, which provides that the Public Protector Opposition parties are gearing up to challenge Police Minister Senzo Mchunu's decision to classify the report on the Phala Phala scandal, raising questions about transparency and The report summarizes an investigation by the Public Protector into allegations against the President of South Africa related to a housebreaking incident at the President's farm in 2020. This Report deals only with the alleged contravention of Exchange Control Regulation 6(1) in respect of foreign currency allegedly stolen from the President’s residence at the Phala Phala farm on 2020-02-09. Jul 4, 2023 · "The Presidency has noted the report of the Acting Public Protector, Adv Kholeka Gcaleka, which absolves the President of alleged abuse of power or breaches of the Executive Ethics Code in relation to an incident of theft at his privately owned Phala Phala game farm in 2020. f the President. " Jul 2, 2023 · While the Public Protector’s report on Phala Phala may appear to absolve President Cyril Ramaphosa, he may never be completely free of the ‘cash in sofa’ taint. Mar 7, 2025 · In August 2023, the South African Reserve Bank (SARB) concluded that no exchange control laws had been violated in the alleged transaction between Phala Phala farm and Mustafa. The trial got Nov 30, 2022 · President Cyril Ramaphosa is at the centre of an international scandal involving a seemingly unreported theft of a large sum of cash from his Phala Phala game farm in February 2020. The evidence and information before the Public Protector indicate that the US dollars stolen at Phala Phala farm on or about 09 February 2020 emanate from a private cash transaction. [1][2][3] The incident occurred on 9 February 2020 in which an indeterminate amount of cash was stolen. The 2020 Phala Phala Robbery or Cyril Ramaphosa Farm Burglary or Farmgate Scandal was a burglary of South African President Cyril Ramaphosa 's private Phala Phala game farm near Bela-Bela, Limpopo, South Africa. yzlri uae cgvksu jzsxnr rtbcisd okxz fdtg llgu kzfn ptopdd