Only four political parties reveal their funding - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABCNews
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

A total of four political parties have made disclosures to the tune of over R27 million for the first quarter of the 2022/2023 financial year as required by the Political Funding Act.

The Independent Electoral Commission has labelled the first year of the implementation of the Act as a success.

President Cyril Ramaphosa signed the Act into law last year, in an effort to promote accountability and transparency within political parties. The IEC’s Manager for Party Funding, Matsobane Nkoko says, “The total declared is just over R27 million, made up of four parties which are ActionSA, which declared R750 000. The African National Congress which declared R10 000 000, the Democratic Alliance declared the highest amount of R15 977 687.13 and the Patriotic Alliance which declared R310 000. This total amount is relatively lesser than the other quarters previously … period when they were preparing for elections.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

It's one thing to get money but it's a whole thing to be able to allow God to truly order all your steps. As soon as I stopped questioning God, everything started working itself out! LisaMarkdona2

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 37. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

COPE suspends Mosiuoa Lekota - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.COPE’s Ekurhuleni Secretary Mxolisi Ntobela said though the party still respects its leader, there is consensus that Lekota has not shown the strong leadership he did in the past, and in so doing has violated the Constitution of COPE. 😅😅 angakhali ke... Just join Action4SA ! MTLekota
Source: SABCNews - 🏆 37. / 51 Read more »