Bosasa’s liquidators have confirmed that they will investigate the R2m paid by the group to President Cyril Ramaphosa’s son Andile — and will seek to recover that money if the payment is found not be justified. “We are duty bound to investigate these payments and will do so,” lead Bosasa liquidator Cloete Murray told Business Day. In a deal signed in December 2017, when Ramaphosa won the ANC's leadership battle, Andile Ramaphosa's Blue Crane Capital received a contract from Bosasa with a monthly retainer fee of R150,000 for "advisory" services, News24 reported. That amount was later increased to R230,000. Murray explained that Bosasa’s liquidators are legally obligated to investigate all transactions conducted by the company and to specifically probe whether “any transaction falls within the definition of an impeachable disposition” under the provisions of the Insolvency Act. Payments shown not to have added any value to the company under liquidation fall within that definition, whi...

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