LETTER: Doesn’t seem Ramaphosa is invested in a cashless society
Keeping large amounts of cash is often associated with bribery, corruption and money laundering, especially in SA
06 June 2022 - 12:23
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President Cyril Ramaphosa. File picture: JAIRUS MMUTLE/GCIS
While the world is moving to a cashless society to make people's lives easier and improve security, the opposite seems to be happening in SA. The president sells a few buffalo and ends up with a stash of dollars at his farmhouse, which is allegedly stolen.
Keeping large amounts of cash is often associated with bribery, corruption and money laundering, especially in SA. The president is going to have a hard time explaining this to the electorate, and the law is against him in many repects.
However which way Cyril Ramaphosa spins this, it’s not going to be easy for him.
James McWilliams Via email
JOIN THE DISCUSSION: Send us an email with your comments to letters@businesslive.co.za. Letters of more than 300 words will be edited for length. Anonymous correspondence will not be published. Writers should include a daytime telephone number.
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
LETTER: Doesn’t seem Ramaphosa is invested in a cashless society
Keeping large amounts of cash is often associated with bribery, corruption and money laundering, especially in SA
While the world is moving to a cashless society to make people's lives easier and improve security, the opposite seems to be happening in SA. The president sells a few buffalo and ends up with a stash of dollars at his farmhouse, which is allegedly stolen.
Keeping large amounts of cash is often associated with bribery, corruption and money laundering, especially in SA. The president is going to have a hard time explaining this to the electorate, and the law is against him in many repects.
However which way Cyril Ramaphosa spins this, it’s not going to be easy for him.
James McWilliams
Via email
JOIN THE DISCUSSION: Send us an email with your comments to letters@businesslive.co.za. Letters of more than 300 words will be edited for length. Anonymous correspondence will not be published. Writers should include a daytime telephone number.
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