Cape Town – President Cyril Ramaphosa reportedly sold four Ankole female cows for a total of R4.7 million to his brother-in-law and billionaire Patrice Motsepe on Saturday during a cattle auction in Mpumalanga.
According to Business Insider, the auction was held at Ramaphosa’s Ntaba Nyoni farm.
Motsepe bought one of the four cows for a whopping R2.1 million.
The auction was driven by Ramaphosa who ventured into Ankole farming in 2004. He imported the Ankole cattle breed from Uganda, from where they originate.
Ramaphosa is the biggest Ankole farmer in South Africa.
The Ankole cattle breed is well known for its regal appearance and longhorns, has meat high in polyunsaturated fats and omega oils, and produces rich milk.
Fifteen sought-after Ankole cattle were on offer at the auction.
Ramaphosa earned over R10 million from the sale of some of his stud cattle at an auction, Times Live reported.
The president’s cows have always fetched high prices.
During last year’s auction, his Ankole cattle sold for a total of R2.7 million, with one of the best bulls selling for R700 000, according to a separate report by Business Insider.
Picture: Twitter/ @KingMntungwa
Compiled by Sinothando Siyolo