South Africa 's President Cyril Ramaphosa announced on Monday that he will not resign and said he will challenge the impeachment proceedings against him in court over the cash heist scandal. The announcement came a few hours after the South African parliament announced its intention to establish an impeachment committee as ordered by the country's highest court last week. "I therefore respectfully want to make it clear that I will not resign," Ramaphosa said in a televised address. "To do so would be to preempt a process defined by the Constitution. To do so would be to give credence to a panel report that unfortunately has grave flaws." What is Ramaphosa accused of? The South African president was accused of hiding a 2020 break-in and the theft of large sums of foreign currency from police and tax authorities in what became known as the "Farmgate" scandal.…