ActionSA rakes in R16.9m in just three months: Mashaba’s one-year-old party comes in second behind the ANC’s income, but ahead of the DA
Among the top five political parties represented in the National Assembly, only the ANC and DA declared their donations in the IEC’s second quarter, with the Economic Freedom Fighters, the Inkatha Freedom Party and Freedom Front Plus not revealing their donations.
“Declarable donations are monetary in nature, in-kind or combined, above R100 000 made by a single donor to a single party in a financial year. It is also important to note that no donations may be made by a donor to a political party above R15-million in a year,” the IEC said on Thursday. “Regulations governing donations from foreign entities stipulate that such a donation should not exceed R5-million in a year. Such foreign donations may only be used for policy development, training or skills development of members of a political party.
“With respect to non-disclosing parties, the prescripts provide that the onus rests on both political parties and entities making declarable donations to their preferred parties to disclose such donations to the commission. The commission, therefore, entreats all registered parties to ensure that all declarable donations are disclosed,” it added.
The IEC said this was a “vital component of our political architecture, driving openness and transparency in matters pertaining to democracy. Disclosures can only serve to strengthen the informed political choices of citizens.”for the first three months . Subscribers get access to all our best journalism, subscriber-only newsletters, events and a weekly cryptic crossword.
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