cyril ramaphosa salary

About Cyril Ramaphosa

Cyril Ramaphosa is a South African politician and the current President of South Africa. He was born on November 17, 1952, in Soweto, Johannesburg. Ramaphosa is known for his role as a prominent anti-apartheid activist and trade union leader, as well as his successful business ventures.

Early Life and Education

As a child, Ramaphosa experienced the harsh realities of apartheid in South Africa. He attended Tshilidzi Primary School and Sekano-Ntoane High School, where he excelled academically. Ramaphosa furthered his studies at the University of the North, where he pursued a Bachelor of Arts degree. He later completed a Bachelor of Law degree at the University of South Africa.

Political Career

cyril ramaphosa salary

Ramaphosa’s political career began in the 1970s when he became involved in student activism and joined the South African Students’ Organization (SASO). He played a key role in the formation of the National Union of Mineworkers (NUM) and served as its first General Secretary. Ramaphosa’s leadership in the labor movement earned him respect and he became a prominent figure in the African National Congress (ANC).

In the early 1990s, Ramaphosa played a crucial role in negotiations to end apartheid and was instrumental in the drafting of South Africa’s democratic constitution. He served as the Secretary-General of the ANC and was considered Nelson Mandela’s preferred successor.

Business Ventures

After leaving politics temporarily in the late 1990s, Ramaphosa ventured into business and became one of South Africa’s most successful entrepreneurs. He co-founded the investment firm Shanduka Group, which focused on various industries such as mining, energy, and telecommunications. Over the years, Ramaphosa amassed significant wealth and was named one of Forbes’ richest Africans.

Return to Politics

In 2012, Ramaphosa returned to active politics and was elected as the Deputy President of the ANC. He became the Deputy President of South Africa under President Jacob Zuma in 2014. During this period, Ramaphosa faced criticism for not doing enough to combat corruption within the ANC government.

Presidential Term

On February 15, 2018, Cyril Ramaphosa was sworn in as the President of South Africa following the resignation of President Zuma. He has since focused on tackling corruption, reviving the sluggish economy, and addressing key issues such as unemployment and poverty. Ramaphosa’s administration has been marked by efforts to attract foreign investment, improve infrastructure, and promote social equality.

Cyril Ramaphosa’s Salary

As the President of South Africa, Cyril Ramaphosa is entitled to a salary determined by the Independent Commission for the Remuneration of Public Office Bearers. In the 2020/2021 financial year, the President’s salary was set at R3,875,278 (South African Rand), which is equivalent to approximately $260,000 USD. This salary includes various benefits, such as housing and travel allowances.

Conclusion

Cyril Ramaphosa’s journey from anti-apartheid activist to successful businessman and ultimately President of South Africa reflects his dedication to serving his country. Despite criticisms and challenges, Ramaphosa’s leadership has shown a commitment to addressing key issues and working towards a better future for all South Africans.

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