“Remember, Bosasa is a company that landed billions of rands of government contracts. If the money had been for his son, it would be a massive conflict of interest at best. But the fact that the money was for the president himself makes this far, far worse.
“This looks suspiciously like all other ANC government corruption deals: A company pays money to a politician or the party in exchange for contracts, often at massively inflated prices. But they never pay it directly to the politician or party – there’s always a third party or a trust account in between. Which is what appears to have happened here too,” Maimane said.
He said this went beyond just campaign financing.
“This is a kind of insider trading – where a company ‘invests’ heavily in a candidate, knowing that it will pay off multiple times over if the candidate is successful through preferential treatment when it comes to tenders. No wonder the president didn’t declare this payment – it’s dirty money. Maimane charged.
“And Ramaphosa is not the only one to have scored here. A long list of ANC ministers and other cadres of the party received extensive security upgrades like CCTV cameras, alarm systems and electric fencing free of charge from Bosasa. This list includes Gwede Mantashe, Nomvula Mokonyane, Thabang Makwetla, Dudu Myeni, Linda Mti, Mbulelo Gingcana and Vincent Smith,” Maimane charged.