<\/p>\n
President Cyril Ramaphosa says he has noted the report of the South African Reserve Bank (SARB) into Phala Phala.<\/p>\n
The SARB had said in its report that Ramaphosa and Phala Phala were not legally entitled to the dollars for buffalo.<\/p>\n
The report found that the transaction was not perfected as Sudanese businessman Hazim Mustafa did not receive the 20 buffalo.<\/p>\n
The SARB, the South African Revenue Service and the Public Protector all conducted investigations into Phala Phala after several parties lodged complaints.<\/p>\n
Acting Public Protector Kholeka Gcaleka cleared Ramaphosa of wrongdoing, but some of the political parties have said they are taking the report on judicial review.<\/p>\n
Ramaphosa said on Monday he has noted the latest report by the SARB.<\/p>\n
\u201cThe presidency has noted the completion of the South African Reserve Bank Phala Phala investigation and the subsequent findings,\u201d said Ramaphosa\u2019s spokesperson Vincent Magwenya.<\/p>\n
UDM leader Bantu Holomisa said this was a whitewash report by the reserve bank.<\/p>\n
\u201cThe UDM rejects this as another whitewash like the acting public protector Gcaleka one,\u201d said Holomisa.<\/p>\n
He accused the SA Reserve Bank of sitting on the fence on this matter.<\/p>\n
He said the reserve bank should have been more decisive in its report.<\/p>\n
siyabonga.mkhwanazi@inl.co.za<\/p>\n
Politics<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" President Cyril Ramaphosa says he has noted the report of the South African Reserve Bank (SARB) into Phala Phala. The SARB had said in its report that Ramaphosa and Phala Phala were not legally entitled to the dollars for buffalo. The report found that the transaction was not perfected as Sudanese businessman Hazim Mustafa did […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[5405,426,3697,14999],"class_list":["post-193177","post","type-post","status-publish","format-standard","category-politics","tag-notes","tag-ramaphosa","tag-report","tag-sarb"],"yoast_head":"\n