Ramaphosa's son denies receiving R500 000 Bosasa payment

2018-11-06 16:51
Andile Ramaphosa at an engagement ceremony earlier in the year in Uganda.

Andile Ramaphosa at an engagement ceremony earlier in the year in Uganda. (YouTube)

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

President Cyril Ramaphosa’s son has denied that a R500 000 payment by corruption accused company Bosasa was for his benefit.

Andile Ramaphosa spoke to News24 shortly after the president, responding to a question from DA leader Mmusi Maimane in the National Assembly on Tuesday, confirmed that he was aware that his son had a business relationship with Bosasa.

Maimane brandished a proof of payment which has a handwritten note -  "Andile Ramaphosa payment on instruction [Bosasa CEO] Gavin Watson" - and the party later released a sworn affidavit by auditor Peet Venter in which the payment is mentioned.

READ: Ramaphosa admits his son has done business with Bosasa

The October 2017 payment of R500 000 was made to an Absa bank account believed to be an attorney’s trust account. The Payment name is "Efg2".

Venter states he was instructed by Watson to make the payment to the trust account, and that it was “for” Andile Ramaphosa.

The payment was made from the FNB bank account of the company Miotto Trading and Advisory Holdings, a company under Venter’s control but linked to Bosasa.

According to Venter’s affidavit, he was instructed by Watson to transfer an amount of R3m from his personal bank account to Miotto’s account.

He was instructed to make a R2.5m payment from the Miotto account for the purchase of a home for another Bosasa employee. The remaining R500 000 was then paid to "Efg2".

'I have absolutely nothing to do with this'

Venter states in his affidavit: "I was merely told it was for a foundation/trust of Andile Ramaphosa… I found this strange, but wouldn’t dare question Gavin Watson."

Ramaphosa said he had been made aware of the issue some time ago and had questioned Andile "at close range" over the matter, and satisfied himself that there was no irregularity or corruption involved.

He did confirm, however, that his son had a legitimate business contract with Bosasa through his company, which offers financial consulting services.

Ramaphosa Jr was adamant that the particular payment which the DA had flagged had "nothing to do with him".


"My company has always done things properly"


"I have absolutely nothing to do with this. I have never received such a payment," he said.

Ramaphosa Jr said his company had exceptionally strict measures in place to prevent corrupt practices from entering into its deals.

He confirmed that he had been grilled by his father on the issue.  

"My company has always done things properly. Any business deal we go into, we tell our clients this is how we do things, and we ask them to sign policies which would allow us to terminate at any stage if any issues like corruption arise. We don’t take shortcuts," he said.

'I will take him to the police station myself'

Ramaphosa Jr said he welcomed a thorough investigation into the issue and looked forward to uncovering why his name had been used.

Meanwhile, his father said in Parliament: "If it turns out there was any irregularity or corruption, I will be the first, I assure you Mr Maimane, I will be the first to make sure be becomes accountable. I will take him to the police station myself." 

ALSO READ: New life for Bosasa prosecution after 8 year delay

Bosasa spokesperson Papa Leshabane told News24 that it accepted Ramaphosa’s version.

"If the President has given an explanation, we will stick with what he says," Leshabane said on Tuesday.

Bosasa, which changed its name to African Global Operations last year, made headlines since 2008 for allegedly bribing prisons officials in exchange for billions of rands in tenders, including catering, security and fencing at prisons around the country.

Recently, News24 revealed that Bosasa had installed CCTV and security systems at the homes of high profile ANC leaders and ministers, including Gwede Mantashe and Nomvula Mokonyane.

Top ANC MP and former chairperson of the Constitutional Review Committee looking into amending the Constitution on issues of land reform, Vincent Smith, received cash payments into a business account from Bosasa, which he has claimed were loans.

The matters are now under investigation by the Parliamentary Ethics Committee.

*Do you have have information for our investigative journalists? Send an email to tips@24.com

Read more on:    bosasa  |  da  |  cyril ramaphosa

Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.
NEXT ON NEWS24X

Inside News24

 
/News
Traffic Alerts
Traffic

Jobs in Cape Town [change area]

Jobs in Western Cape region

Cluster Financial Manager

Cape Town
Network Finance
R950 000.00 - R1 000 000.00 Per Year

Reporting Accountant

Cape Town
Network Finance Professional / Prudential
R310 000.00 - R360 000.00 Per Year

HSE Manager

Cape Town
Tumaini Consulting
R550 000.00 - R650 000.00 Per Year

Property [change area]

There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.