A President with nothing to hide would make his financial interests publicly available
4 August 2022
Today I visited the Union Buildings, accompanied by the DA’s Deputy Chief Whip, Siviwe Gwarube, to view President Ramaphosa’s declaration of interests as head of the executive. This access was granted to us following a request made to the Secretary of Parliament in the wake of the Phala Phala revelations. But despite allowing two of us to view the president’s declaration, it remains shrouded in secrecy with no media permitted. And therein lies the problem.
It is inexplicable and unacceptable, in a modern, open democracy, that the president’s financial affairs and business interests remain a secret, unavailable to the public and the media. The latest scandal surrounding the theft and cover-up of a large sum of seemingly undeclared foreign currency from the President’s farm has shone a new spotlight on this issue, but it is by no means the first or only such incident.
If the media, opposition parties and the public had unfettered access to this information, much of former President Zuma’s murky dealings with the Gupta family as well as the infamous security upgrades at his Nkandla homestead would likely never have taken place. We also would have been able to put to rest many of the unanswered questions that still linger around the Bosasa scandal.
The DA has long called for the establishment of a portfolio committee on the Presidency - the only office in the executive with no such oversight mechanism - and we will not relent until this has been done. But in addition, I will shortly table a Private Member’s Bill in the National Assembly to amend the Executive Members Ethics Act in order to make public the president’s declaration. There is no justification for keeping this a secret, and I expect all members of Parliament to support this Bill in the interest of open, transparent governance.