Thursday, May 24, 2018

S. African president decides to contribute half of his salary to charity fund

South African President Cyril Ramaphosa
South African President Cyril Ramaphosa said on Wednesday that he has decided to contribute half of his presidential salary to a charity fund to be established soon.

This fund, which will be called the Nelson Mandela Thuma Mina Fund, will be managed by the Nelson Mandela Fund, Ramaphosa told MPs in the Presidency Budget Vote Debate in Parliament.

"This is a private, citizen-driven initiative that will ask all those with the means to contribute a small portion of their salaries to supporting the many small projects that build the nation," the president said.

This fund will be launched on July 18 this year to mark the 100th anniversary of late president Nelson Mandela's birth, according to Ramaphosa.

As president, Ramaphosa reportedly earns 3.6 million rand (about 293,000 US dollars) per year.

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