Ramaphosa To Donate Half Of His Presidential Salary To Mandela Fund

President Cyril Ramaphosa has long been a very rich man. On Wednesday, he announced that he will donate half of his presidential salary to charity. Unsurprisingly, the move has been welcomed.

Ramaphosa was speaking in Parliament on Wednesday ahead of the Presidency budget vote. While a wide variety of initiatives were covered and promises made, the pledge to donate his salary received the most cheers.

“In memory of Madiba, in recognition of the great sacrifices he made and his tireless commitment to improving the lives of the most vulnerable, We are looking for people with skills, time and commitment to ‘lend a hand’ to community-based projects.”

“I have decided to contribute half my Presidential salary to a fund to be managed by the Nelson Mandela Foundation. The foundation will direct resources to the many small social projects scattered across the country.”

Ramaphosa went on to say that the fund will be called the Thuma Mina Nelson Mandela Fund and will launch on Nelson Mandela’s 100th birthday on 18 June.

How much does President Cyril Ramaphosa earn?
In 2018, President Ramaphosa will earn R3.6 million per year, R700 000 more a year than former President Jacob Zuma did. The increase was approved when Zuma was still in office.

Deputy President David Mabuza is set to earn not much less, with earnings of R3.2 million annually.

While the salary may seem high, EWN correctly points out that Ramaphosa’s yearly wage is just a third of Vodacom CEO Shameel Joosub’s earnings before bonuses.

To put things into perspective even further, Ramaphosa’s R3.6 million a year is less than what Shoprite head Whitey Basson takes home monthly.

With half of the R3.6m going to the new fund, South Africans will anxiously be waiting to see what difference the President’s money makes to South Africans who need it most.


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