Sunday, August 25, 2013

South Africa's Zuma discloses personal financial details




South Africa's Zuma discloses personal financial details


By XINHUA | Thursday, August 22 2013 at 16:37


Jacob Zuma
South Africa's President Jacob Zuma. FILE | NATION MEDIA GROUP
President Jacob Zuma has submitted his financial disclosures to Cabinet, the South African presidency said on Wednesday evening.
This is after leader of the newly- founded party Agang SA Mamphela Ramphele asked Mr Zuma to reveal details about his personal wealth.
"Members of the national executive of government should submit their disclosures to the secretary of cabinet who will maintain a register," said the presidency in a statement.
"The constitution of 1996 and the executive member ethics in 1998 prescribe the nature, content and form in which members of the cabinet and executive councils disclose their financial interests annually," added the statement.
"The president therefore submits his disclosure annually to the secretary of the cabinet.
"It's nothing new. President Zuma has been doing that for years," said the presidency.
Recognising President Zuma for making his private accounts to the public, the presidency said "the South Africans deserve a president that sets a good example for the rest of the country to follow."
It was reported on July 27, 2012, that the South African president's remuneration would rise from 2.49 million rands (about $240,000 ) to 2.62 million rands, while that of the deputy president would increase from 2.24 million rands to 2.36 million rands with effect from April 1.

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