President Cyril Ramaphosa is R10m richer after he sold some of his cattle over the weekend, including one of his cows to his brother-in-law Patrice Motsepe for R2.1m.
Motsepe spent R4.7m on four Ankole females, but it was the purchase of the heifer, called Fafa, that set a new SA record price for a female of any cattle breed sold on auction.
Fafa, described as an “excellent heifer with an iconic horn shape”, is three-and-a-half years old and carrying her first calf.
The sale got tongues wagging, with some calling it a great investment. Others questioned the price tag and said it came at a time when the average South African is struggling with surging food and fuel prices and power shortages leading to load-shedding.
POLL | What do you think of Ramaphosa selling a cow to Motsepe for R2.1m?
Image: GCIS
President Cyril Ramaphosa is R10m richer after he sold some of his cattle over the weekend, including one of his cows to his brother-in-law Patrice Motsepe for R2.1m.
Motsepe spent R4.7m on four Ankole females, but it was the purchase of the heifer, called Fafa, that set a new SA record price for a female of any cattle breed sold on auction.
Fafa, described as an “excellent heifer with an iconic horn shape”, is three-and-a-half years old and carrying her first calf.
The sale got tongues wagging, with some calling it a great investment. Others questioned the price tag and said it came at a time when the average South African is struggling with surging food and fuel prices and power shortages leading to load-shedding.
Ramaphosa is a known admirer of Ankole cattle, and played a part in a project to import the cattle breed from Uganda.
The breed is popular among game breeders, who buy them as a tourist attraction and for hunting.
READ MORE:
Cyril Ramaphosa sells R2.1m Ankole cow to Patrice Motsepe
Ramaphosa coy as Mpumalanga ANC convener endorses second term
Ramaphosa defends SA's stance on Russia-Ukraine conflict
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Most read
Latest Videos