New York––The son of South Africa’s current President Cyril Ramaphosa has acknowledged to being paid by a company facing organized corruption allegations.
On Wednesday, the president’s son Andile Ramaphosa told News24 that he was paid $140,000 (£106,000) by Bosasa, a company at the center of a massive corruption scandal.
Bosasa is accused of bribing politicians to win contracts throughout South Africa.
The allegations surfaced during an inquiry into government corruption by the Zondo commission.
Although Bosasa has not commented on the allegations, analysts say political corruption is rampant in South Africa.
The president’s son has denied any wrongdoing but confessed: “It was a severe oversight on our part.”
Andile Ramaphosa also said that “in hindsight due diligence was not sufficiently carried out” by his company Blue Crane Capital ahead of his father becoming president in February last year.
The president son’s company signed a contract offering advisory services to Bosasa – now called the African Global Operations – earning his business a monthly fee of $16,000.