EDITORIAL | Mr President, it’s crass to flaunt your wealth while citizens starve
Ordinary South Africans are hungry, unemployed and left in the dark while Ramaphosa swans about cattle auctions
For South Africans, many of whom are in debt and dread rising interest rates as they do fuel costs, life is a daily struggle that their president, Cyril Ramaphosa, can only read about. He seems firmly ensconced in a parallel universe of luxe and exotic wants. His, it appears, is a life divorced from the harsh realities of South African life.
If not, how else can we explain his participation in an auction that netted him a cool R10m at the weekend, with one of his Ankole cows sold to his brother-in-law Patrice Motsepe for R2.1m? The latter, the biggest spender, splashed out R4.7m on four Ankole females. How wonderful, we must all respond, right?
Meanwhile, back at the ranch, ordinary South Africans are battling debts. The SA Reserve Bank says that South Africans are spending 75% of their net salaries on debt. And, at the height of the coronavirus pandemic, just about half of those with debt were unable to service it. In addition, many are grappling with unemployment which is at the highest it has ever been. They are also grappling with inequality which, yes, you’ve guessed it, is also the worst in the world. ..