Explainer: Ramaphosa's BOSASA donation and why it's unrelated to Andile

Explainer: Ramaphosa's BOSASA donation and why it's unrelated to Andile

Peet Venter testified at the state capture inquiry that Gavin Watson had instructed him to pay R500 000 to the 'Andile Ramaphosa Foundation'. However, the evidence suggests that President Cyril Ramaphosa's version of events may well be closer to the truth.

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Despite testimony at the state capture inquiry claiming that Cyril Ramaphosa's BOSASA donation was paid through a front company to the 'Andile Ramaphosa Foundation', the evidence says otherwise.

News24 reports that the testimony put forward by Peet Venter, a former auditor for BOSASA, was false.

Venter testified that CEO Gavin Watson had instructed him to pay R3 million from his personal account into a 'dummy company' account and then transfer R500 000 into an account named 'EFG2, which he claimed was for the Andile Ramaphosa Foundation.

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Further investigation into the matter now reveals that Watson had lied to Venter about where the funds would end up, because it had not been paid to Andile Ramaphosa, but the his father.

Edelstein Farber Grobler, the law firm which looked after President Cyril Ramaphosa's 2017 campaign donations, has since confirmed that the account details provided by Venter belonged to them.

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Briefly.co.za reported earlier today that President Cyril Ramaphosa had addressed Venter's testimony as well as his son's confession on working with BOSASA.

Ramaphosa had confirmed that he had received the R500 000 donation from BOSASA for his campaign. He also confirmed that his son, Andile Ramaphosa had done R2 million worth of business for BOSASA until December 2018.

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Source: Briefly.co.za

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