SARS confirms missing record of $580,000 payment to President Ramaphosa’s farm

According to recent reports, it has been confirmed by the South African Tax Service (SARS) that the sum of $580,000 paid to President Cyril Ramaphosa’s Phala Phala farm is not reflected in their records. This revelation has sparked concerns regarding transparency and accountability, as the payment was made by Bosasa, a controversial company that has been implicated in various corruption scandals.

The payment in question was made in 2017, during Ramaphosa’s campaign to become the leader of the ruling African National Congress (ANC) party. Bosasa, which has been accused of bribing government officials and politicians, allegedly made the payment in exchange for political favors from Ramaphosa.

READ ALSO Undeclared US Dollars Found on President Ramaphosa’s Farm Raises Questions About Currency Regulations

Despite the allegations, Ramaphosa has denied any wrongdoing and has committed to rooting out corruption in the country. He has also stated that he was not aware of the payment until it was brought to his attention during a parliamentary question-and-answer session.

The fact that the payment was not reflected in SARS’ records raises questions about the efficacy of the tax service and its ability to track financial transactions. It also highlights the need for greater transparency in political financing, especially during election campaigns.

In response to the concerns, SARS has committed to investigating the matter and ensuring that all relevant records are updated and accurate. Meanwhile, the opposition parties in South Africa have called for a full investigation into the matter, including the role of Bosasa and any potential conflicts of interest that may have arisen as a result of the payment.