(Bloomberg) -- In the midst of a political firestorm around whether or not South African President Cyril Ramaphosa properly reported the theft of money from the sale of game, his Phala Phala farm has put up at least 13 African buffaloes for auction.
In June, former spy chief Arthur Fraser laid charges with the police against the president, alleging that the 2020 theft of more than $4 million hidden inside furniture at the property hadn’t been properly reported.
News24 reported on Wednesday that burglars took only $600,000 in cash, the proceeds from the sale of a single buffalo to a Dubai-based individual, and the money had been stored in a cupboard. The website didn’t say where it got the information.
Ramaphosa has faced demands from opposition parties, civil society and the nation’s graft ombudsman to explain what happened. South Africa’s parliament said last week it will appoint an independent panel that will recommend whether or not to initiate a process to impeach the president.
He has meanwhile responded to questions from the ombudsman about the incident, but the answers haven’t been made public.
Speculation has swirled that he may have breached tax rules and foreign exchange regulations.
Catalogs on the website of auction house Wildswinkel, which means game shop in Afrikaans, show Ramaphosa’s Phala Phala will have 12 lots on offer at a sale that starts on Aug. 31, and 18 lots at the Sept. 3 annual live sale of Stud Game Breeders at the Zebula Golf Estate, 209 kilometers (130 miles) north of Johannesburg. Those lots include the buffaloes, Ankole cattle, a rare long-horn Ugandan breed, and sable antelope.
Phala Phala is part of the six-member consortium Stud Game Breeders, which includes Nyumbu Wildlife owned by Norman Adami, the former chairman of SABMiller Plc’s local unit.
All the payments on Wildswinkel auctions are done via electronic transfer, Chief Operating Officer JP Smith said by phone.
At Stud Game Breeders’ live auction in 2017, three months before he became leader of the ruling African National Congress, Ramaphosa sold animals worth 15 million rand ($926,000). That, and earlier sales and purchases, has led to criticism of his wealth in the world’s most unequal nation as well as his portrayal as a buffalo on social media and in newspaper cartoons.
Calls to the mobile phone of Hendrik von Wielligh, Ramaphosa’s farm manager at Phala Phala, weren’t answered. Ramaphosa’s spokesman, Vincent Magwenya, referred queries to auction organizers Wildswinkel.
©2022 Bloomberg L.P.
BNN Bloomberg Picks
Apple music takes over Pepsi as presenter of Super Bowl halftime show
Five-out-of-six major Canadian airports fell below North American satisfaction average
Argentina government intervenes after country runs out of World Cup stickers
OceanSky bets on luxury 'air cruises' with first departure set for 2024
Majority of Canadians are making changes to their grocery store habits amid higher prices
Air Canada is investing in green aircraft. This is the Swedish company behind them