Sun May 26 11:08:38 SAST 2013
Sun May 26 11:08:38 SAST 2013

Ramaphosa apologises for splashing the cash

Sep 20, 2012 | Sapa | 173 comments

Businessman Cyril Ramaphosa has apologised for bidding millions of rand on a buffalo cow and her calf

Cyril Ramaphosa is worth R3-billion

 I regret it because it is an excessive price in the sea of poverty 

“Yes, I did put a bid and that was a mistake on my part,” he told SAfm on Thursday morning.

“It was a mistake. I regret it. It was a mistake to even put up my hand to do so...

“I’ve been chastised by some of my good comrades, and even before they chastised me, I did admit that was a mistake.

“I regret it because it is an excessive price in the sea of poverty. I belong to a community and it was one of those moments when I was blind-sighted,” said Ramaphosa.

Expelled African National Congress Youth League president Julius Malema recently criticised Ramaphosa for this in an address to miners on an unprotected strike at Lonmin platinum mine, in which Ramaphosa reportedly owns shares.

Malema told the miners Ramaphosa had bought the buffalo for R18 million.

According to a City Press report in April, Ramaphosa bid up to R19.5 million for the buffalo cow and her calf at a game auction near Rustenburg, but was outbid by Bloemfontein businessman Boet Troskie.

Ramaphosa said later that his budget did not allow him to pay R20m for the buffalo cow. “I spent my budget on other animals. And, like any businessman, you must know when to stop,” he said at the time.

Comments

Sun May 26 11:08:38 SAST 2013 ::
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Sep 20, 2012

Ornate

lol, Juju is the man
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Sep 20, 2012

imbabazane


We really are a sad society when a grown man must apologies for doing with his money as he pleases.

If Ramaphosa "stole" the money, then prove it and take him to court !

But we can not tell him what to do with his money. Ey!
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Sep 20, 2012

webcaddler

Ramaphosa spending millions on a cow and calf, yet millions of SA civilian r suffering. am out of words here, JUJU continue to yadayada, these leaders surely will assassinate u.
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Sep 20, 2012

sakhomba

come out with the rest of the other hidden stories Juju.
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Sep 20, 2012

100%Boer

Nci nci nci.....
R20 m worth of mistake?
Now that the smell of being Deputy Pres is filling up your nostrils, you claim that it was a mistake to buy an animal. Come on Mr Greedy don't lie!
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Sep 20, 2012

MommaC

What are you apologising for? It is your money, you can do with it what you want to. There is nothing wrong with wanting to get good breeding material in to keep your herds healthy
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Sep 20, 2012

DrunkenMaster

"I belong to a community" bull crap man
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Sep 20, 2012

|Sinudeity|

So, it was cyril that spent millions to buy a bull? Didnt we have some commentators saying it was a white dude? :P

Whats the difference between julius living in a multimillion mansion, and cyril buying this bull in the 'sea of poverty'?
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Sep 20, 2012

RobinH

Bad blunder there Cyril, but hey, hats off to you for coming clean and apologising. Now let's see if those comrades that criticised you will do the same regarding their ludicrous lifestyles.
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Sep 20, 2012

Robaletheka75

What kind of Buffolo cow that cost so much? Tjhelete e ya o taya.
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