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Andile Ramaphosa admits to receiving R2mln from Bosasa

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President Cyril Ramaphosa’s son, Andile, has admitted that corruption-accused company Bosasa paid him R2 million in a business deal.

He says he sincerely regrets the deal and has described it as a severe oversight.

In an exclusive interview with News 24, the president’s son says there were glaring red flags he claims to have missed before putting pen to paper.

In December 2017, his company Blue Crane Capital signed an advisory mandate “with Bosasa, resulting in it receiving a monthly retainer fee of R150 000, which was later increased to R230 000 rand.

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