Business scandals of 2023.
From the sudden collapse of the BHI Trust to the Reserve Bank’s explanation for the Phala Phala couch cash, News24 Business looks at seven of the biggest business scandals of 2023.
Phala Phala couch cushion cash
Since news broke in June 2022 that over half a million dollars had been stolen from under a couch cushion at President Cyril Ramaphosa’s Limpopo game farm, key questions have gone unanswered. Was the money declared to the taxman? Was it legal to keep forex for more than 30 days? Did the president or his business need to pay VAT?
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