President Ramaphosa donates half salary to support social projects

South African President Cyril Ramaphosa has donated half his presidential salary towards the development of social projects in the country.

The 65-year-old made the announcement via his Twitter handle on Wednesday, saying the money will go into a fund that will be managed by the Nelson Mandela Foundation.

South Africans and the world at large are this year celebrating Mandela’s centenary birthday, with a host of projects and events lined up in his honor.

Ramaphosa said the fund -dubbed the Thuma Mina – will be officially launched on July 18, the date of Madiba’s birth.

The unveiling will come just a day after former U.S. President Barack Obama delivers a lecture in Johannesburg, still in memory of Mandela.

Mandela was South Africa’s first president, ruling between 1994 and 1999. He died on 5 December 2013.

It is unclear how much President Ramaphosa takes home monthly, though sources say he earns much more than the $20,000 that former leader Jacob Zuma pocketed each month.