'Ramaphosa Aware of $580,000 Stored at Phala Phala Farm', Court Hears

'Ramaphosa Aware of $580,000 Stored at Phala Phala Farm', Court Hears

Modimolle, Limpopo – The Modimolle Magistrate’s Court has heard that President Cyril Ramaphosa was aware of the $580,000 in cash stored at his Phala Phala farm before it was allegedly stolen in 2020.

Three accused — Emmanuela David, alleged to be the mastermind behind the theft, temporary housekeeper Froliana Joseph, and her brother Ndilimage Joseph — appeared in court on charges of theft, money laundering, and conspiracy. All three have pleaded not guilty.

During proceedings, a state witness testified that on 25 December 2019, Sudanese businessman Hassim Mustafa visited the farm, expressing interest in purchasing 20 buffalo — 17 cows and three bulls. Instead of taking the livestock, Mustafa reportedly left $580,000 in cash with the acting lodge manager. The witness told the court that the lodge manager informed President Ramaphosa about the cash, which was then kept in a safe on the property.

The cash reportedly remained at the farm until 10 February 2020, when it went missing. Court proceedings highlighted that regulations governing the storage of foreign currency, particularly amounts equivalent to nearly R8 million, were not followed. Authorities note that the South African Reserve Bank had not been notified of the transaction, and the purchase was not officially completed.

The trial also revealed that the court has ordered all witness identities to remain confidential, with 22 witnesses expected to be called by the state and five by the defence.

READ: Phala Phala Farm Theft Trial: Three Accused Plead Not Guilty to $580,000 Burglary

The Modimolle Magistrate’s Court is set to resume proceedings tomorrow, with further hearings scheduled to continue on 30 September.

This high-profile case has captured national attention, raising questions about compliance with financial regulations and oversight at the president’s private property.