09 September 2021 - 18:28
The act requires parties to declare all donations above a threshold of R100,000. The IEC said on Thursday that just three of the country's parties - the DA, the ANC and Action SA - had donations of this amount or more. A further 108 said all of its donations were below the threshold. The ANC came second receiving R10,720,000, with just under half coming from one source, mining company United Manganese of Kalahari, which made a R5m donation. The party also received two donations of R1m from Nonkwelo Investment Holdings.
President Cyril Ramaphosa proclaimed the act in January but it came into effect in April this year. Several political parties, mostly the ruling party, admitted that the law had crippled their finances as some donors preferred to conceal their identities when making donations. “In this regard, the commission has issued a directive in terms of section 15 of the act for the party to further pursue the donors for compliance. Failure to comply may lead to investigations and possible actions being pursued for non-compliance in relation to the specific donors in terms of section 14 of the act. Since the publication of the report, there has been the necessary compliance,” said Love.
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