BizNews BizNews Radio

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

Loading player...
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
1 Dec 2022 8AM English South Africa Investing · Business News

Other recent episodes

George Glynos - The Rand's Reckoning

The South African rand looks resilient - but George Glynos warns that appearances are dangerously deceiving. In this interview with Irakli, ETM Analytics Co-Founder and Head of Research lays out exactly why the risks are building asymmetrically against the rand - and why complacency could prove costly. On the scale…
20 May 10AM 11 min

Accretiv doubles down on US industrial property | Webinar

Martin Freeman and Justin Clarke unpack why US industrial real estate — particularly “shallow bay” facilities linked to manufacturing and logistics — is emerging as a standout opportunity. They discuss the impact of AI-driven data centre investment, America’s onshoring push, interest rate dynamics, and Accretiv’s latest Alabama acquisition tied to…
20 May 10AM 42 min

Ray Hartley - BRICS loses its clout

BRICS is suffering an identity crisis — and its foreign ministers' gathering in New Delhi has done nothing to resolve it. In this interview with Irakli, Platform for African Democrats custodian Ray Hartley asks the defining question: "What is the point of BRICS?" He warns that the bloc has become…
20 May 8AM 7 min

SA businesses battered by infrastructure instability - Muhammad Ali

Infrastructure failure has become a core business risk in South Africa. In this interview with Chris Steyn, international ISO standards and systems implementation specialist Muhammad Ali warns: “...infrastructure is not just decaying, it's going down the drain to its limit’. He notes that while systems and standards exist, “it's just…
20 May 5AM 14 min
All episodes