On Monday, claims that South African President Cyril Ramaphosa may have engaged in wrongdoing and broken the oath of office hung over a meeting of the governing party’s executive committee.
The investigation pertains to revelations that Ramaphosa’s private game farm had significant amounts of concealed foreign currency and that he neglected to declare the money missing when it was taken in 2020.
Ramaphosa has been cleared of all charges and has denied any misconduct. He stated that the money taken was from the sale of buffaloes and was far less than the millions of dollars first claimed when the crime was discovered in June.
Ramaphosa said on Sunday that he would attend the African National Congress National Executive Committee (NEC) meeting and that he would respect the ruling.
ANC spokesperson Pule Mabe told reporters, “By midday, depending on where we’ll be on the program, we will have the treasurer general to come and perform a doorstop with yourselves.
On Monday, party officials and Ramaphosa backers were spotted travelling to the meeting location while wearing ANC party attire.
Some Ramaphosa fans sang in his favour.
Ramaphosa has pledged to continue fighting after receiving strong support from his party supporters, and his spokesman has stated that the panel’s conclusions would be contested.
Investors worry about unpredictability, the possibility that a new president would stall or reverse economic reforms, raise taxes, or boost government spending to levels they believe unsustainable.
Despite the questions that have been raised about Ramaphosa’s honesty, both domestic and foreign investors still see him as more honest than any of his opponents.
The Democratic Alliance (DA), the biggest liberal opposition party in South Africa, said that it has presented a resolution to dissolve the national legislature and renewed its request for early elections.
“In situations like this, Parliament’s job is to step up. The National Assembly must be dissolved for the president to declare an early election, “said John Steenhuisen, the DA leader.
Reuters
