President Cyril Ramaphosa’s newly implemented Political Party Funding Act (PPFA), coming to effect on Wednesday.
All political parties registered with Independent Electoral Commission, are urged to disclose all donation and donors about R100 000.
“Under the Political Party Funding Act, coming into effect today, political parties and their donors are expected to disclose all donations above R100 000 to the IEC, which will then make the information public,” IEC’s George Mahlangu elaborates this morning.
President Ramaphosa signed a Proclamation on the Commencement of the PPFA, 2018 (Act no. 6 of 2018), which regulates public and private funding of political parties.
Under the Political Party Funding Act, coming into effect today, political parties and their donors are expected to disclose all donations above R100 000 to the IEC, which will then make the information public. IEC's George Mahlangu elaborates.
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The Act establishes funds to provide political parties represented in Parliament and legislatures with funding to undertake their work. It also requires that donations be disclosed by parties and donors to the Independent Electoral Commission (IEC).
The Act prohibits donations to parties by foreign governments or agencies, foreign persons or entities, organs of state or state-owned enterprises.
Parties may however receive funding from foreign entities for training, skills development or policy development. No member of a political party may receive a donation other than for political party purposes.
The implementation of the PPFA will have far-reaching consequences for good governance and ethical political activity.
It will strengthen the confidence of citizens in the democratic political process and enable them to assert their right to information.