11 takeouts on Andile Ramaphosa's 'dodgy' Bosasa millions

2019-03-27 18:12
Andile Ramaphosa. (LinkedIn)

Andile Ramaphosa. (LinkedIn)

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Businessman Andile Ramaphosa has been thrust into the spotlight for his company's work with scandal-hit Bosasa, now called African Global Operations. The controversial company has emerged as a big player in the web of state capture.

Here are key takeouts and a wrap of News24's coverage involving the man caught in the chaos:

  • Andile Ramaphosa owns a company called Blue Crane Capital
  • It has earned about R2m in accumulated monthly payments from Bosasa since February 2018 to December 2018
  • The money relates to "advisory" work on more than 20 state and private contracts in Uganda and Kenya
  • Chinese security tech giant Dahua Technology, the world's second-largest security and surveillance equipment manufacturer, seemingly played a crucial role in these projects
  • The Bosasa deal was signed as Cyril Ramaphosa assumed leadership of the ANC
  • Bosasa CEO Gavin Watson also donates R500 000 to Cyril Ramaphosa's ANC presidential campaign, in a transaction that was designed to be hidden from scrutiny.
  • Ramaphosa's campaign managers decided to return the money, saying they were not aware who made the donation
  • Andile Ramaphosa denies ever using his 'influence' to secure Bosasa tenders
  • He says he regrets entering into a business agreement with Bosasa
  • Bosasa is under currently caught up in a legal case relating to liquidation proceedings
  • The president reiterated his commitment to appear before the state capture commission

Andile Ramaphosa admits Bosasa paid him R2m

President Cyril Ramaphosa's son Andile has admitted that corruption-accused company Bosasa paid him R2m in a business deal he "sincerely regrets". In an exclusive interview on Monday, Ramaphosa Jr confirmed details of a News24 investigation spanning several months, which lifted the lid on the secretive agreement.

Ramaphosa responds to reports about his son and Bosasa

President Cyril Ramaphosa has responded to testimony before the state capture commission of inquiry and as well as report published by News24 relating to his son, Andile.

The Ramaphosas' Bosasa money: Same script, different cast

Andile Ramaphosa may very well have been in business long before his father returned from the political wilderness. But he knew his name was his ace card and was willing to use it, writes Redi Tlhabi.

Why Andile Ramaphosa's relationship with Bosasa is a problem

Revelations that the son of President Cyril Ramaphosa received more money from Bosasa/African Global Operations than he previously admitted, shows to what extent the company went to buy influence.

From China to Krugersdorp: Andile Ramaphosa and the Bosasa 'billions'

Andile Ramaphosa, the son of President Cyril Ramaphosa, has a far closer relationship with corruption-accused facilities management and security company Bosasa than he and his father have been willing to admit - until now.

Andile Ramaphosa denies ever using his 'influence' to secure Bosasa tenders

President Cyril Ramaphosa's son, Andile Ramaphosa, has responded to a text message in which a Bosasa employee stated Ramaphosa Jr would use his "influence" to secure tenders.

"I have never offered to use my 'influence' to assist AGO [Bosasa] nor have I ever been in a position to do so," he said in a statement on Wednesday.

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Read more on:    bosasa  |  andile ramaphosa  |  cyril ramaphosa  |  state capture
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