Former President Jacob Zuma has referred to the current President, Cyril Ramaphosa, as a thief and a criminal for hiding millions of dollars in his mattress while the rest of the country suffers from hunger.
‘Ramaphosa is a criminal’
Former President Jacob Zuma has referred to the current President, Cyril Ramaphosa, as a thief and a criminal for allegedly hiding millions of dollars in his couch while the rest of the country suffers from hunger.
He stated that Cyril is still oppressing South Africans and added that Cyril does not deserve to be included in the annals of the party’s history. On the weekend, Zuma spoke to a crowd that had gathered at the Msinga Mlaba Sports Centre in Ward 1, which is located in Kwaximba to the west of Durban.
“It is customary for all former ANC leaders to be memorialized in the organization’s history books; however, that privilege should not be extended to Cyril.
It is imperative that his face not be displayed given that he is not a member of the ANC. It is imperative that we forbid his head from appearing anywhere, “he said.
‘I will not stop being critical’
Zuma has stated that he will not stop criticizing the administration that is currently in power. He claimed that he did not fear death when it came to speaking the truth. Members of the party should choose new leaders carefully in advance of the 55th ANC National Conference, which will take place in Nasrec. If they don’t, they run the risk of the ANC dissolving completely.
“I have fought for freedom and suffered for the ANC while it was under white rule, and I am willing to continue fighting and suffering even now to ensure that the ANC is not destroyed. This is my ANC, and I am ready to go through hardship once more for the sake of my own political party.
READ MORE: Phala Phala: ‘Cyril Ramaphosa must resign’ – NDZ
The fact that I was put in jail by the administration of my own political party should be an indication of how dire the situation is. I will not leave the ANC under any circumstances, not even if they physically remove me from my position.
Because I won’t be going anywhere, “Zuma said.
The Pros and Cons of Saving Money Under the Mattress: Convenience vs. Cost
Exploring the Benefits and Drawbacks of Storing Cash at Home
In today’s financial landscape, saving money in a bank account has become the norm. However, there are still those who prefer the age-old practice of keeping cash “under the mattress.” While this approach offers certain advantages, it also comes with its share of drawbacks. Let’s take a closer look at the reasons why some individuals choose to store money at home and the potential implications of this decision.
The Benefits of Mattress Saving
- Convenience: Keeping cash readily available at home can be convenient, especially for individuals who live far from ATMs or frequently require cash for local transactions. Accessing money without incurring ATM fees or driving long distances can save both time and money.
- Free Access: By avoiding ATM fees charged by banks for out-of-network withdrawals, individuals can potentially save a significant amount over time. This practice allows them to retain the money they have earned without paying additional fees to access it.
- Emergency Preparedness: In the event of a sudden emergency, having cash stored at home provides a safety net. Whether faced with a power outage, a malfunctioning ATM, or the need for immediate funds to address unforeseen circumstances, having cash on hand can offer peace of mind and essential resources during challenging times.
- Peace of Mind: Carrying some cash can provide a sense of security, particularly in situations where credit cards are not accepted. Being prepared for cash-only scenarios or unexpected events ensures individuals are always ready to meet their financial obligations.
The Drawbacks of Mattress Saving
- Lack of Interest: One of the primary disadvantages of keeping money at home is the absence of interest earnings. Unlike banks, where funds can be saved, invested, and potentially grow over time, money stored under the mattress does not generate any interest. This can significantly impact long-term savings goals and retirement plans.
- Safety Concerns: Storing large sums of cash at home, particularly without proper security measures, poses a risk. The money becomes susceptible to theft, whether from burglars or even unintended access by family members or friends. Without a secure safe, there is always the potential for loss or unauthorized use of funds.
- Logistical Challenges: The process of managing cash stored at home can be cumbersome. Counting, tracking, and organizing money can become confusing and may lead to uncertainties or even misplaced funds. It is crucial to maintain accurate records of the amount saved and its location to avoid confusion or accidental loss.
- Limited Convenience: Relying solely on cash transactions can make it difficult to track expenses and manage finances effectively. Credit or debit cards offer the convenience of automated transaction records, simplified budgeting, and potential rewards such as cashback or purchase insurance. Additionally, cards eliminate the need to carry bulky or dirty coins and bills.
Finding a Balance
While saving money under the mattress can provide certain advantages, it is essential to strike a balance between convenience and financial growth. Keeping a small sum at home for immediate needs and emergencies may be reasonable, but significant savings should ideally be placed in secure and interest-bearing accounts. By doing so, individuals can make their money work harder for them, potentially building wealth and safeguarding their financial future.
Ultimately, the decision to save money under the mattress or utilize banking services (as Ramaphosa has perfectly illustrated) depends on individual circumstances, risk tolerance, and long-term financial goals. Evaluating the advantages and disadvantages is crucial in making an informed choice that aligns with one’s financial well-being.
