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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