South Africa’s Ramaphosa denies money-laundering allegations

South African President Cyril Ramaphosa (Alex Brandon/AP)

South African President Cyril Ramaphosa has denied allegations of money laundering while being questioned by politicians over a scandal that threatens his position and the direction of Africa’s most developed economy.

Mr Ramaphosa already faces an investigation by police and a Parliament-appointed panel over the theft of a large amount of money in US dollars from his ranch in 2020.