EXPLAINER | Ramaphosa’s dollars: What you should do with forex, by law

President Cyril Ramaphosa’s Limpopo farm was robbed in early 2020.

News that up to $4 million (~R61 million) in cash was stolen from President Cyril Ramaphosa’s Limpopo farm two years ago has raised questions about whether and when the president declared the income.

The theft came to light last week when Arthur Fraser, former director-general of the State Security Agency, lodged a complaint with the police alleging that Ramaphosa had tried to cover up the burglary. 

Ramaphosa’s spokesperson Vincent Magwenya confirmed that a robbery took place at the president’s farm in early February 2020 during which proceeds from the sale of game were stolen. Magenya said that Ramaphosa, who was not in the country at the time, reported the incident to the head of the Presidential Protection Unit of the South African Police Service (SAPS) for investigation.

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