Phala Phala saga draws international media attention - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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International investors are keeping a close eye on the political developments in South Africa, given the country’s role on the continent and to some degree, in the world.

Cameras capturing the moment during a media briefing.

International Relations expert Benji Seitlhamo says, “The Phala Phala scandal has caught international media coverage. For an instance, the story is on BBC, CNN, AlJazeera, Reuters and so forth. How the ANC reacts will have an impact, and if look at the rand, it shows investors have focused on SA. The rand has declined and I’m informed the concern is with the international community, they are waiting for the next course of action.

independent panel’s report that he may have violated his oath of office after the foreign currency was stolen from his Phala Phala farmPresident Cyril Ramaphosa says, “It is up to the National Executive Committee, to which I am accountable, to take whatever decision. So, that’s all I have to say today on this matter.”

 

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We should stop calling these people 'investors', 'profiteers' maybe, but not investors...

south africa as a country is just a wreck. this is a country where more than 7000 people are killed in 3months. nobody is his right mind can take this country seriously. right now we're being loadshed 3times a day for 2hours. FAILED STATE.

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