The governor will give Parliament 'feedback within the applicable legal constraints,' the central bank said.
The South African Reserve Bank has concluded a year-long investigation into whether or not President Cyril Ramaphosa broke the law when he kept foreign currency at his game farm. The money, which was stored in a sofa, was later stolen.
Read: Phala Phala: Public Protector clears Ramaphosa “On the facts available to it, the Sarb finds that there was no perfected transaction and thus the Sarb cannot conclude that there was any contravention of the Exchange Control Regulations by Ntaba Nyoni Estates CC or for that matter by the President,” the central bank said in a statement on Monday. The governor will give Parliament “feedback within the applicable legal constraints,” the central bank said.
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