Cyril Ramaphosa is accused of keeping large sums of cash on his farm then covering up its theft.
Mr Ramaphosa is under pressure from his own party but his spokesman said he would seek a second term as ANC leaderSouth Africa's President Cyril Ramaphosa will not resign despite a scandal over money stolen from his farm, his spokesman says.A panel of legal experts concluded that he has a case to answer.
"President Ramaphosa is not resigning based on a flawed report, neither is he stepping aside," Vincent Magwenya said. The scandal erupted in June, when a former South African spy boss, Arthur Fraser, filed a complaint with police accusing the president of hiding a theft of $4m in cash from his Phala Phala game farm in 2020.Mr Ramaphosa admitted that money had been stolen, but said it was $580,000, not $4m.
The panel's findings have been handed to parliament, which is set to examine them and decide whether or not to launch impeachment proceedings against the president.
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