Dylan Bettencourt
The cattle auction set to take place this weekend at the Limpopo farm belonging to President Cyril Ramaphosa will not accept cash.
The Phala Phala game farm came under fire after former spy boss Arthur Fraser accused Ramaphosa of concealing money on the property which was subsequently stolen. He also accused him – or his staff – of detaining the burglars illegally and bribing them to keep quiet.
Despite the controversy currently centred on the farm, the organisers of the Ankole auction said they would not change the venue after having already paid to use the facilities.
The auction is scheduled to take place on 18 June when a variety of Ankole cattle will be available for purchase.
The auction is organised and run by the Ankole Cattle Breeders Society of South Africa and will be facilitated by Veewinkel, an auction house.
An estimated 200 people are expected to attend the auction.
The COO of Veilingswinke, Juan-Pierre Smith, confirmed that they will not be accepting any cash.
“We only work with electronic transfers. We do not accept cash through any of our businesses. We market the animal, as the auction house. We then have the auction function on the day where the auctioneer sells the animal.
“Then we send out electronic invoices. The client that buys the animal from the seller pays the invoice by electronic transfer and the animal gets delivered to the buyer and the funds are released to the seller,” Smith explained.
There will be between 50-60 cattle on offer during the one-day auction.
Image source: @TimesLIVE
