AgangSA leader targets corruption by publishing personal accounts
"I call on President Zuma to disclose his finances immediately. What is there to hide?" Dr Mamphela Ramphele
Leading the way in the fight against corruption in South African politics, AgangSA leader Dr Mamphela Ramphele today published full personal accounts for the scrutiny of the South African people.
The move follows the latest in a long line of government tender corruption scandals that have seen conflicts of interest and billions of rands of public money wasted. The R270 million spent by President Zuma on his lavish Nkandla homestead has been greeted with anger and disbelief across the country. The money splashed on Nkandla could have paid for well over 13,000 RDP homes, badly needed in the rural KZN communities that neighbour Nkandla.
AgangSA has pledged to clean up government with tough anti-corruption measures including a ban on government officials and their families doing business with government and legal protections for whistleblowers.
At a briefing with South African and international media held at AgangSA's National Campaign Headquarters, Dr Ramphele said:
"AgangSA is waging war on corruption. Masibakhupe kurhulumente abarhwaphilizi - let's kick these corrupt leaders out of government.
"We must have leaders who set the right example, that is why today I am opening my finances up for the South African people to scrutinise. This is what AgangSA means by a government that listens to the people and answers to the people.
"I call on President Zuma to disclose his finances immediately. What is there to hide?"
After almost 20 years since freedom, millions of South Africans still do not have access to clean drinking water, decent jobs and homes, quality education and healthcare. Rampant corruption is affecting South Africa's economy and the ability to create private sector jobs, increasing the cost of doing business and deterring foreign direct investment.
"After 20 years of party leaders getting rich from government tenders our country is at a crossroads. Billions of rands have been wasted as text books, medicines and jobs are stolen from the poor.
"We must cut out this cancer wherever we find it. If we don't change course now then rampant corruption will rob every man, woman and child of their future. Leaders must earn the trust of the people who vote for them by showing they do not steal public money."
The party leader's clean bill of financial health was confirmed in a financial statement prepared in line with South African Parliamentary guidelines for Members of Parliament.
Dr Ramphele's net worth as of 27th June 2013 was R55,436,063 with net asset values broken down as follows:
SHAREHOLDINGS - Anglo American; Gold Fields; Sibanye Gold; and PTI Select Managers Funds R1,384,800
LAND & PROPERTY - primary residence in Camps Bay, Cape Town - R10,000,000
PENSIONS - Retirement Annuity R1,146,139; Provident Fund R1,574,064
INDIRECT HOLDINGS - Family Trust R30,000,000; and Investment Trust R10,985,000
Dr Ramphele's income for the last three months of the tax year ending 28th February 2013 was R346,000, a sizeable drop in income due to her resignation from all previous company board positions in December 2012 ahead of entering in to South Africa politics.
Notes to Editors
Dr Mamphela Ramphele - Schedule of Financial Interests (net asset value) as at 27th June 2013
Notes on Schedule of Financial Interests
Table 1 - the value of all shareholdings were calculated according to share prices at the end of trading on 27th June 2013.
Table 2 - Dr Ramphele has an additional share in the Ramphele ancestral homestead in the village of Uitkyk near Bochum, Limpopo. The property and smallholding are modest and, being part of a large family, the value is negligible.
Table 3 - no income was drawn from the Retirement Annuity and Provident Fund in the tax year ending 28th February 2013.
Table 4 - Dr Ramphele has received no salary to date from AgangSA .
Table 5 - Dr Ramphele resigned from all company Board positions in December 2012, before entering South African politics and therefore received no income for the period???
Table 6 - the funds in the Family Trust are Dr Ramphele's sole share of a Ramphlele family trust. This fund holds the proceeds of a previously conducted Mediclinic BEE deal of which Dr Ramphele was a beneficiary.
The Investment Trust holds the net asset value of shareholdings in Pearsons and Solar Capital.
Statement issued by AgangSA, August 21 2013
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