President Matamela Cyril Ramaphosa Biography, Age, Net Worth, Political Career

 

Matamela Cyril Ramaphosa (born on 17 November 1952) in Johannesburg is the fifth democratically elected president of South Africa. He attended Tshilidzi Primary School after his family moved from Western Native Township to Soweto in 1962 and later completed high school at Mphaphuli High School in Sibasa, Venda in 1971.

He studied law at the University of the North in 1972, where he was involved in student politics, joining the South African Student Organisation (SASO) and the Black People’s Convention (BPC). He was detained in solitary confinement for 11 months in 1974 under Section 6 of the Terrorism Act for organising pro-Frelimo rallies. He was detained for the second time and held for six months in 1976 following the Soweto student uprising.

Net Worth

Ramaphosa, being a businessman and politician has an estimated net worth of over R6.4 billion ($450 million) as of 2018. He has been criticised for the conduct of his business interests,

Ramaphosa rose to national prominence as secretary general of South Africa’s biggest and most powerful trade union, the National Union of Mineworkers he was elected ANC secretary general under ANC president Nelson Mandela and was later elected chairperson of the Constitutional Assembly. In 1996, Ramaphosa resigned from politics and became well known as a businessman, including as an owner of McDonald’s South Africa, chair of the board for MTN, among others and founder of the Shanduka group.

after many successes recorded in his business and other engagements,

He returned to politics in December 2012  and served as the Dupity President of South Africa under President Jacob Zuma from 2014 to 2018.

In 2019, He began his first full term as president following the ANC’s victory in the 2019 South African general election till date.

Forward

Following the current news in the South African Politics, President Cyril Ramaphosa stands accused of covering up the theft of vast amounts of cash at his farm, which he denies. investigations are still on set by the parliament to be able to make appropriate decisions which will be as a move for progress in South Africa.

 

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