President Cyril Ramaphosa is facing what may be the most personally damaging moment of his presidency. A seemingly unreported 2020 theft of cash from Ramaphosa’s Limpopo game farm is coming back to haunt him in a way that is clearly orchestrated to ...
, saying: “I regret it because it is an excessive price in the sea of poverty. I belong to a community and it was one of those moments when I was blind-sighted.”
In simple terms, you are not allowed to undertake such high-value cash transactions without informing the authorities. The Financial Intelligence Centre Act states that all cash transactions of R25,000 or more must be reported to the Financial Intelligence Centre “no later than 2 days” after becoming aware of such a transaction.
When it comes to the alleged attempts by Rhoode and Co to track down the robbers, there are multiple potentially illegal elements to this extrajudicial project. One would be the alleged kidnapping of suspects. Another would be Fraser’s — currently uncorroborated — claim that Rhoode entered and exited Namibia, in pursuit of the suspects, without being legally processed through border control.
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