The wild scandal embroiling South Africa's president

How did 20 buffalo, an elusive Sudanese businessman, and a cash-stuffed sofa lead to the potential impeachment of South African President Cyril Ramaphosa? Here's everything you need to know:

What's going on with Cyril Ramaphosa?

Until about six months ago, South African President Cyril Ramaphosa was almost entirely expected to hold onto his presidential position come Dec. 16, the date of the African National Congress (ANC) conference. The ANC is Ramaphosa's party, as well as South Africa's ruling party.

But everything changed in June 2022, when former South African spy chief Arthur Fraser released a surprising statement that alleged he had evidence, including "photographs, bank accounts, video footage, and names," that Ramaphosa broke a number of anti-corruption laws. Fraser also opened a criminal investigation against the president.

The news came as a shock to the South African people given that Ramaphosa specifically made fighting corruption a staple of his leadership. Following Fraser's statement, Ramaphosa addressed the ANC, saying, "I have never stolen money from anywhere. Be it from our taxpayers, be it from anyone. I have never done so."

Following the statement, an independent panel was put together to investigate Ramaphosa's alleged crimes. The panel released a report in November containing evidence that misconduct may indeed have occurred. Ramaphosa may now be forced to give up his position as president.

What specifically is the scandal about?

The story starts back in 2020 on Ramaphosa's game farm, Phala Phala, where thieves allegedly made off with millions of dollars, including over $500,000 in cash. The cash was, by Ramaphosa's own admission, stuffed inside a leather sofa.

The real problem is that Fraser says Ramaphosa failed to formally report the theft when it occurred, drawing suspicions about the source of Ramaphosa's missing money. Ramaphosa responded to Fraser's charges by claiming the cash was the "proceeds from selling" 20 "substandard" buffalo from his private buffalo farm to a Sudanese businessman in 2019. He also claimed that he was not present during the transaction and that the lodge manager of the farm hid the money in the sofa for safety reasons. Ramaphosa also said that the amount of money stolen was less than what Fraser said, and asserted that he did not attempt to cover up the burglary.

However, the panel found Ramaphosa's "account was marred by holes," The New York Times writes, including "lacking a clear explanation of who the Sudanese businessman was, why there was no written record of the sale, or whether he had ever collected the buffaloes he purchased." Additionally, the panel "determined that the evidence suggested that Mr. Ramaphosa had failed to report the foreign currency [from the transaction] to South Africa's central bank or pay taxes on it" and that "there was more foreign currency concealed in the sofa than the amount reflected in the acknowledgment of receipt" from Ramaphosa's alleged buffalo business deal.

While the source and amount of money are still under dispute, the panel's report further found "there was a deliberate intention not to investigate the commission of the crimes committed at Phala Phala openly." After the theft, Ramaphosa reported the crime to his protection team — "which is a branch of the police" — rather than the police department, nevertheless raising suspicions about why he didn't apparently want officials involved, writes The Economist.

The investigation also claimed that Ramaphosa may have used the help of Namibian President Hage Geingob to apprehend the thieves, who had fled the country, writing, "The president abused his position as head of state." Some allegations went so far as to claim that Ramaphosa used Namibian resources to torture and bribe the suspects, but this has not been confirmed, writes CNBC. In response, Geingob's office released a statement saying, "The presidency ... denies insinuations that President Geingob may have acted inappropriately and/or participated or abetted in the apprehension of the individuals concerned."

Ramaphosa is a multi-millionaire game farmer along with being president, which the report further says puts the president in a conflict of interest as it allegedly violates the constitutional ban on cabinet ministers undertaking "paid work."

The situation is convoluted and wishy-washy, but there is agreement that there is enough evidence to warrant additional investigation through an impeachment trial.

What's next for Ramaphosa?

The National Assembly, or South Africa's parliament, will meet on Dec. 6 to discuss the findings of the report and decide whether to move forward with a removal hearing, reports The New York Times. This would be historic for the country since no prior president has ever been impeached. Ramaphosa may also attempt to make a legal challenge against the independent panel.

Another area of concern for Ramaphosa is the upcoming ANC conference, where he was supposed to be re-confirmed as head of the nation's leading party. However, per party rules, he would need to step down if he faces criminal charges. He is yet to be charged, but the party could opt to oust and replace him. "His opponents inside the ANC will be going for his head," said Bongani Ngqulunga, a politics teacher at the University of Johannesburg.

The values of the South African rand and sovereign dollar bonds dropped sharply due to concerns about Ramaphosa potentially leaving his position. Despite the developments, Ramaphosa continues to deny any corruption and continues to push that he is tackling corruption as a top priority.

"I have endeavored, throughout my tenure as president, not only to abide by my oath but to set an example of respect for the Constitution," he said. "I categorically deny that I have violated this oath in any way, and I similarly deny that I am guilty of any of the allegations made against me."

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