JUST IN: Cyril Ramaphosa may resign as South Africa’s president 

There are indications that Cyril Ramaphosa, the president of South Africa, May eventually resign after days of defying scandal over money stolen from his Phala Phala Farm, MOUTHPIECE NGR has learnt. 

Mr Ramaphosa admitted that money had been stolen, but said it was $580,000, not $4m.

The president said the $580,000 had come from the sale of buffalo, but the panel, headed by a former chief justice, said it had “substantial doubt” about whether a sale took place.

The panel’s findings have been handed to parliament, which is set to examine them and decide whether or not to launch impeachment proceedings against the president.

By resigning may likely end an extraordinary day in South African politics, which had begun with a dawn raid on a business family at the centre of the recent corruption allegations levelled at Ramaphosa.

Mr Ramaphosa was also under pressure from the opposition, as well as rivals from his governing ANC, to resign.

The scandal is especially damaging for Mr Ramaphosa because he came to power vowing to clear up the corruption which had dogged the country under his predecessor, Jacob Zuma.