Mamphela Ramphele worth R55m

2013-08-21 11:36

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

Agang leader Mamphela Ramphele is worth just under R55.5 million and the house she lives in in Camps Bay is worth R10 million.

Her biggest assets are in indirect holdings, with R30 million in a family trust and R11 million in an investment trust.

Her shareholdings in Anglo American, Gold Fields, Sibanye Gold and PTI Select Managers Funds is R1.4 million combined.

Ramphele made this disclosure today to set an example to other political leaders to voluntarily disclose their assets too, she told journalists at a press conference in Braamfontein this morning.

“I call upon President (Jacob) Zuma to publish his accounts immediately. What is there to hide?” she said. “South Africans deserve a president that sets a good example for the rest of the country to follow.”

Ramphele is getting no salary as Agang leader, and her income for the past three months of the tax year ending February 2013 was R346 000 a “sizable drop in income due to her resignation from previous company board positions in December 2012”, she said.

Ramphele said Zuma has so far dodged disclosing his financial interests, using a “convenient technicality to sidestep this requirement”.

Ramphele said her wealth would not keep her from identifying with poor people. “I am one of many leaders of this country, as with (former) president (Nelson) Mandela, who was not poor,” she said.

She said abuse of power and “stealing from poor people” did create a barrier between leaders and poor people.

Asked about the state of mining in South Africa, Ramphele said the model used was still a 19th-century one with migrant labour and low wages.

She added that she hasn’t been making as much from her position as board member of Gold Fields as the executives had been. She said she “only” made about R2 million for something that was very hard work.

» This story was updated after first published

Join the conversation! encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions. publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Inside News24


10 gorgeous plus-sized models who aren't Ashley Graham

Here are just ten of our favourite plus-sized models:


You won't want to miss...

WATCH: Pornhub is giving users free access to premium content these holidays
5 top leg exercises for men
10 best dressed men of 2017
How to open a beer bottle without an opener
Traffic Alerts
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.