Serious allegations about the true source of the $580,000 stolen from Cyril Ramaphosa’s Phala Phala farm

Two prominent political analysts said the $580,000 stolen from Cyril Ramaphosa’s Phala Phala farm was likely intended for the ANC.

Dr. James Myburgh, a South African political analyst, historian, and media professional, said it is commonplace for the ANC to receive money from other countries.

He said the ANC has a long history of receiving foreign cash, noting that under former President Nelson Mandela, it was common practice.

“The party routinely received massive amounts of cash in US dollars from oil-rich countries and dictatorships,” he said.

He cited the $40 million from Libya’s Muammar Gaddafi, which was openly flown into South Africa to serve as a political slush fund.

The main thing which surprised him was the intense public and political outrage over the Phala Phala scandal.

Myburgh said there was selective outrage from Ramaphosa’s political opponents, like the EFF and MK Party.

“When outside entities observe this scandal, they have to look past the media noise and figure out who leaked the information and what game they are playing,” he said.

Prince Mashele, a prominent South African political scientist, author, and political commentator, was more direct in his assessment.

He told State of the Nation that Ramaphosa was clearly a criminal president because of the money kept on his farm.

He argued that Ramaphosa’s mere admission of keeping $580,000 in foreign currency hidden on his farm constituted a crime under South African law.

Mashele completely dismisses the official narrative that the cash came from a legitimate business transaction involving the sale of cattle.

He added that the money was never declared to the South African Revenue Service (SARS), which, to him, proves it wasn’t a genuine commercial activity.

Mashele strongly suspects that the money actually belonged to the ANC rather than Ramaphosa personally.

He argued that the only reason the ANC party machinery has fought so aggressively to defend Ramaphosa is to protect its own financial interests.

“They host a delegation from Iran in Luthuli House, and suddenly the ANC is no longer broke. I think it’s for South Africans to connect the dots,” he said.

Mashele said the true reason the money was hidden on Ramaphosa’s private farm was that the party members didn’t trust each other.

“If they had kept that kind of cash at the party’s headquarters at Luthuli House, they themselves would have stolen it,” he said.

You have read 2 out of 5 free articles. Log in or register for unlimited access.
  1. RunningBare
    1 June 2026 at

    Whatever way they are trying to spin this I can hear the noses growing.