President Zuma submits declaration of interests

President Jacob Zuma today provided a list to the Secretary of Cabinet containing any gifts, benefits or financial interests held or received either by him or by any family member, as required in terms of the Executive Ethics Code.

These declarations are to be contained in both the public and private parts of the register held by the Secretary, in order to uphold the spirit and import espoused in the Ethics Code.

This process, initiated by the President, was completed in consultation with the Secretary of Cabinet as is contemplated in terms of the Executive Ethics Code.

Such engagement, which was supplemented by legal advice, had ensued over a period of time in order to ascertain the nature of the disclosure to be made, as well as the extent to which declarations of family members were required.

In deciding whether to accept or retain any gift, the President has applied the same high ethical standard he otherwise would have in respect of other members of the Executive. In any event, whilst these gestures are highly appreciated and of immense sentimental significance, none of the gifts are of extraordinary monetary value.

The attendant delay in completing this task responsibly has created an opportunity for some to unfairly speculate without substance. The President does not hold any directorship, membership or shareholding in any company, either public or private, nor is he associated in any way therewith.

The suggestions to the contrary are devoid of any truth and are regrettable.

As Head of State and Government, the President is most mindful of government's commitment to transparent governance and accountability, to which principles he remains committed in leading government.

Statement issued by Mr Michael Hulley on behalf of the President, March 10 2010

Source: www.thepresidency.gov.za

Click here to sign up to receive our free daily headline email newsletter