The SA Reserve Bank will not revisit its probe into the theft of foreign currency at President Cyril Ramaphosa's Phala Phala farm in 2020 despite the Constitutional Court's recent ruling.
The SA Reserve Bank (SARB) will not review its report that cleared President Cyril Ramaphosa of violations of exchange control regulations in the Phala Phala saga following the Constitutional Court judgment.
Two weeks ago, the apex court referred the Section 89 Independent Panel’s report to an Impeachment Committee.
The panel chaired by former Chief Justice Sandile Ngcobo found that, prima facie, Ramaphosa may have committed serious violations of the Constitution and the law, as well as serious misconduct, but the ANC used its majority to quash the implementation of its recommendations.
In response to questions, the SARB said the central bank will not be reviewing its report on the Phala Phala matter.
