Home/MARKETS/CHINA/Article
MARKETS

Could South Africa’s Ramaphosa be impeached over ‘cash-in-sofa’ scandal?

BRIC Team reports: Now, eight years later, the case of the cash found stuffed in a sofa at his game ranch could be what takes Ramaphosa down.Can the South African president survive? Here is what we know.Supporters of the Economic Freedom Fighters (EFF) carry placards outside Sout

BRIC Team
BRIC Team
May 13, 2026 · 3 min read · 1 views

Key Takeaways

  • Advertisement In 2024, the ANC stunningly lost its majority in parliament for the first time following more than three decades in power.
  • BRIC Team reports: Now, eight years later, the case of the cash found stuffed in a sofa at his game ranch could be what takes Ramaphosa down.Can the South African president survive?
  • After this, a specially constituted impeachment committee is established to carry out a detailed investigation into the allegations.

BRIC Team reports: Now, eight years later, the case of the cash found stuffed in a sofa at his game ranch could be what takes Ramaphosa down.Can the South African president survive? Here is what we know.Supporters of the Economic Freedom Fighters (EFF) carry placards outside South Africa’s Constitutional Court, after the court ruled on whether the parliament failed to hold President Cyril Ramaphosa to account over the ‘Farmgate’ scandal, involving allegations that foreign currency was hidden at his Phala Phala game farm, in Johannesburg, South Africa, on May 8, 2026 [Siphiwe Sibeko/Reuters]What’s the scandal all about?In February 2020, burglars allegedly broke into Ramaphosa’s luxury private ranch, Phala Phala, in Limpopo province, South Africa, and stole $580,000.

The cash was said to have been hidden inside furniture at the farm – hence the “Farmgate” label. Advertisement Ramaphosa has been accused of covering up the theft and keeping private efforts to trace the burglars a secret to avoid an investigation into where the money had come from – and why it was hidden in a sofa.Corruption allegations surfaced when a former head of South Africa’s state security agency walked into a police station in 2022 and accused the president of money laundering in relation to the stolen cash.Later that year, an independent parliamentary committee found that Ramaphosa “may have committed” serious violations and misconduct.

Background

In particular, the panel found he had failed to properly report a theft to police as required under anticorruption laws and “acted in a manner inconsistent with his office”.At the time, the African National Congress (ANC) had a strong majority in parliament – with 230 seats out of 400. No evidence, let alone sufficient evidence, has been presented to prove that I committed any violation, let alone a serious violation of the Constitution or law, or serious misconduct as set out in the Constitution.” Advertisement If the committee does find enough evidence against him, it could direct him to be impeached.It is unclear how long this will take, however.

Key facts

  • Now, eight years later, the case of the cash found stuffed in a sofa at his game ranch could be what takes Ramaphosa down.Can the South African president survive?
  • The cash was said to have been hidden inside furniture at the farm – hence the “Farmgate” label.
  • After this, a specially constituted impeachment committee is established to carry out a detailed investigation into the allegations.

What this means

The speaker of the National Assembly would then refer the motion to an independent panel of legal experts to determine whether sufficient evidence exists to proceed.If this panel decides there is a case against the president, lawmakers must vote on whether to begin impeachment proceedings. After this, a specially constituted impeachment committee is established to carry out a detailed investigation into the allegations. This is separate from the investigation beginning now and could take several months.Once that committee recommends the removal of the president, parliament holds a final vote to impeach the president.

Nelson Mandela was the ANC’s first Black president after apartheid ended in 1994. Advertisement In 2024, the ANC stunningly lost its majority in parliament for the first time following more than three decades in power. “There’s a lot of uncertainty on the part of the other coalition parties that suggests that they would much rather be on the side of caution and go with the devil they know, and preserve the government by keeping Ramaphosa in power.”Despite this, the cash-in-sofa scandal has been damaging, he said.And, under Ramaphosa, the ANC’s popularity has continued to slide.

#Features

Share this article

Related Articles

Farmers’ collective urges Puducherry government to scrap CBDC-based food subsidy distribution programme

Farmers’ collective urges Puducherry government to scrap CBDC-based food subsidy distribution programme

BRIC Team reports: The Bangaru Vaickal Neeradhara Koottamaippu, a water users and farmers’ collective has urged the Puducherry government to scrap the Central Bank Digital Currency (CBDC)-based food subsidy distribution programme in the Union Territory.In a letter addressed to Li

BRIC Team

May 13, 20261 views
Prices of precious metals futures growing

Prices of precious metals futures growing

BRIC Team reports: Prices of futures on precious metals - platinum, palladium, gold, and silver - on the New York Mercantile Exchange (NYMEX) and the Comex exchange (a division of NYMEX) have grown by 0.17-4.16%, according to trade data. Moscow time (3:12 p.m. GMT), the price of

BRIC Team

May 13, 20261 views
List on the bourses to thrive, IT Minister Lokesh tells MSMEs

List on the bourses to thrive, IT Minister Lokesh tells MSMEs

BRIC Team reports: IT & HRD Minister Nara Lokesh has exhorted the Micro, Small & Medium Enterprises (MSMEs) to use the government only as a springboard in order not to be dependent on it for “life support,” and instead explore the exciting opportunities awaiting t

BRIC Team

May 13, 20261 views
Amul, Mother Dairy hike milk prices by ₹2 per litre across India from May 14

Amul, Mother Dairy hike milk prices by ₹2 per litre across India from May 14

BRIC Team reports: Amul and Mother Dairy — India’s largest dairy product retailers — on Wednesday (May 13, 2026) hiked milk prices by ₹2 per litre, intensifying inflationary pressures already fuelled by the war and squeezing household budgets.The increase, the second by the two d

BRIC Team

May 13, 20261 views
Rupee edges higher against dollar on gold, silver duty hike, but US yields weigh

Rupee edges higher against dollar on gold, silver duty hike, but US yields weigh

BRIC Team reports: Rupee edges higher against dollar on gold, silver duty hike, but US yields weighRupee opens slightly stronger at 95.60 as India hikes gold and silver import duties to 15% to curb imports and support forex, but global inflation and US yields keep pressure.By Ans

BRIC Team

May 13, 20261 views
Gold jewellery to get costlier: Here's how much more you need to pay on your next purchase

Gold jewellery to get costlier: Here's how much more you need to pay on your next purchase

BRIC Team reports: Listen to this article in summarized format Listen Loading...×× Subscribe to Unlock AI Briefing and Premium ContentNew Year Offer 24 Hours LeftSubscribe NowAlready a member? Sign InWhat's IncludedExclusive StoriesDaily ePaper AccessSmart Market ToolsCurated Inv

BRIC Team

May 13, 20261 views