South Africa’s President Cyril Ramaphosa has refused to resign over a “cash-in-sofa scandal” that continues to haunt his presidency.

Ramaphosa, declare his intention to remain in his post in a nationwide address, as he face a multi-party impeachment committee, which will investigate allegations that he covered up a 2020 break-in at his private ranch and the theft of more than $500,000, concealing the incident from police and tax authorities.

The committee’s findings could spell his impeachment; however, parliament has not provided a timeframe for the investigation, which has yet to commence.

The scandal, dubbed “Farmgate”, has been particularly damaging for a president who rode to power in 2018 on an anticorruption mandate, after the much-criticised presidency of Jacob Zuma.

Now, eight years later, the case of the cash found stuffed in a sofa at his game ranch could be what takes Ramaphosa down.