South African President threatened with impeachment
But in his defence, Ramaphosa admitted that there had been a theft, but said that the amount stolen was less than that alleged amount and denied an attempt to cover it up.
He said about $580,000 was stolen from under a sofa cushion at the farmhouse, which had been paid in cash for a buffalo.
Meanwhile, an independent panel has found that Ramaphosa abused his position and may have broken anti-corruption laws, calling the development a “very serious matter”.
The panel’s findings have been submitted to parliament, which is set to examine and decide next week whether to launch impeachment proceedings against the president.
The development comes ahead of a convention that will decide whether Ramaphosa can run for a second term with his party, the African National Congress (ANC), in 2024.