Reserve bank finds that Ankole sale at Phala Phala farm was not perfected transaction
Drama/Umdlalo womoya · UKHOZI FM
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Show Notes
The South African Reserve Bank (SARB) has released its report into the Phala Phala- following an investigation which was launched on the back of the allegations by Former intelligence boss, Arthur Fraser. The Reserve Bank says it has found that was no perfected transaction and cannot conclude that there was any contravention of the Exchange Control Regulations (the applicable Regulation is Regulation 6(1)) by a trust that operates President, Cyril Ramaphosa's Phala Phala game farm, Ntaba Nyoni Estates. Sakina Kamwendo spoke to Khaya Sithole who is an accountant, academic and activist and Democratic Alliance's Federal Finance Chairperson and Shadow Minster of Finance, Dr Dion George