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.
See related tweets below:
Cyril Ramaphosa’s son Andile has admitted that corruption-accused company Bosasa paid him R2m in a business deal he “sincerely regrets”.
In the other unrelated news: Cyril Ramaphosa saw the R500k contract of his Son Andile Ramaphosa & Bosasa at close range. pic.twitter.com/TtVUp9itGn
— Man’s Not Barry Roux (@AdvBarryRoux) March 27, 2019
Today is going to be interesting. I can’t wait to see how will Stratcom cover Andile Ramaphosa’s R2 million from Bosasa confession ??☕️ pic.twitter.com/raisLoqh5w
— uNdlunkulu Xoli ? (@uNdlunkulu_Xoli) March 27, 2019
Bosasa did NOT pay Andile Ramaphosa R500k as mentioned by Peet Venter at #StateCaptureInquiry. This was the donation to the #CR17 campaign in October 2017. Gavin Watson lied to Venter about who the money was for.
— Man’s Not Barry Roux (@AdvBarryRoux) March 27, 2019