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Ramaphosa's son regrets dealings with corruption-accused company Bosasa

27 March 2019 8:46 AM
Tags:
Bosasa Operations
allegations of corruption
Andile Ramaphosa
Journalist at News24, Kyle Cowan says Andile Ramaphosa has admitted receiving R2 million from Bosasa, which he regrets.

News24 investigative journalist, Kyle Cowan has revealed that the son of President Cyril Ramaphosa, Andile Ramaphosa, has admitted that Bosasa paid him R2 million in a business deal.

Ramaphosa told Cowan that it is regrettable they failed to do their due diligence.

Former Bosasa auditor Peet Venter told the Zondo Commission of Inquiry into State Capture that he paid money into Andile Ramaphosa's account on Gavin Watson's instructions.

Read: Former Bosasa Auditor testifies at Zondo Commission

Over a couple of months, we managed to cultivate a few sources who were close to Bosasa and we figured out that there was a monthly fee being paid in exchange for projects that Andile Ramaphosa's company, Blue Crane had identified in Uganda and Kenya.

Kyle Cowen, Investigative journalist - News24

We carried on digging and on Monday we finally sat down with Andile and we put these findings to him and he said this is how much we got paid and this was what the deal was all about.

Kyle Cowen, Investigative journalist - News24

He added saying that our due diligence failed us we should've looked harder at Bosasa but we failed. We didn't do things properly and now I'm regretting and paying the price for that.

Kyle Cowen, Investigative journalist - News24

To hear the rest of the conversation, listen below:


27 March 2019 8:46 AM
Tags:
Bosasa Operations
allegations of corruption
Andile Ramaphosa

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