Smaller political parties receive up to 300% more money from the party political fund of the IEC and will benefit greatly if the election is only held in February
However, the ANC has already lost R35.2 million of the fund’s money because its tax affairs are in disarray.
The money is paid out quarterly and payments were made in April and last month, but each party is required to submit complete, audited financial statements of its income and expenses in the previous quarter. However, if the election is held in February – as the IEC is requesting in its application heard by the Constitutional Court on Friday – the commission will have made all four of its payments to the parties. The last payout will be made towards the end of January.
The new payments will dramatically benefit smaller parties such as the IFP, the African Christian Democratic Party, Cope, Good and the National Freedom Party, but the ANC, the DA and even the EFF will find it difficult to finance their election campaigns due to the limits imposed by the new law on the financing of political parties with donations.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
PICS: N3 upgrade between Durban and Joburg will save motorists 6 300 hrs every dayIn addition to the hours saved by the road users, the improvement will save the economy R1.76million per day.
Read more »
Medicine shortages once again reported in North West | CitypressShortages of essential medicines have been a problem in North West for years. Now, a new community monitoring report suggests many people are still being turned away from state clinics without treatment or asked to come back a week later.
Read more »
How young people will shift the vaccine narrative | CitypressGovernment’s decision to open vaccinations to people older than 18 was “definitely a move in the right direction”.
Read more »
‘They left us behind’ | Expat exodus robs Afghans of income | CitypressFrom domestic workers and mechanics to barbers and guards, thousands of Afghans working for foreigners have been stripped of income and opportunity after their employers fled the country as the Taliban advanced and took control of the capital city, K
Read more »
Close-Up | We need relentless Covid-19 messaging | CitypressI hope our health authorities accompany the roll-out to young people with strong messaging – relentless and in your face.
Read more »
Ama2000s get their turn at Covid-19 vaccination sites | CitypressAs young people trickled into a health facility in Roodepoort, Gauteng, to vaccinate against Covid-19, Noxolo Mazibuko* could not wait to be vaccinated, as she was the only member in her family who had bot yet received the jab.
Read more »