Phala Phala report: The cash in the couch that’s come back to bite

Cyril Ramaphosa’s continued future as president of the republic and the ANC has been thrown into disarray after an independent panel found he has a case to answer to on Phala Phala. The panel was established to conduct a preliminary enquiry into circumstances surrounding the theft of an undisclosed amount of foreign currency “stored” or “concealed” in a couch at the president’s Limpopo farm in February 2020. The independent panel consisted of former chief justice Sandile Ngcobo, former judge Thokozile Masipa, and Advocate Mahlape Sello. The panel officially handed over its findings and recommendations to the Speaker of the National Assembly, Nosiviwe Mapisa-Nqakula, on Wednesday morning. BizNews correspondent Michael Appel took a closer look. Learn more about your ad choices. Visit megaphone.fm/adchoices