- Sep 25, 2012
https://www.news24.com/SouthAfrica/...ramaphosa-admits-bosasa-paid-him-r2m-20190327President Cyril Ramaphosa's son Andile has admitted that corruption-accused company Bosasa paid him R2m in a business deal he "sincerely regrets".
In an exclusive interview on Monday, Ramaphosa Jr confirmed details of a News24 investigation spanning several months, which lifted the lid on the secretive agreement.
In December 2017, his company Blue Crane Capital signed an "advisory mandate" with Bosasa, resulting in it being receiving a monthly retainer fee of R150 000, which was later increased to R230 000.
"It was a severe oversight on our part," he said of the glaring red flags he claimed to have missed before putting pen to paper.