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BUSINESS MAVERICK: With a few exceptions, corporate SA has ditched the idea of funding political parties

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BUSINESS MAVERICK: With a few exceptions, corporate SA has ditched the idea of funding political parties By Tim Cohen tim_cohen

In almost all previous elections, corporate South Africa has come to the party. Or at least contributed to the party. This time, it’s different.

The legislation was originally supposed to apply to the current election. Unfortunately — or, if you are a cynic, inevitably — the legislation was put on hold by the Electoral Commission of South Africa because, we are given to believe, so many comments were made that the organisation was not able to process the suggestions in time.

Yet, in a way, the legislation comes too late. Even though donations will probably have to be acknowledged in just a few months, all the major political parties have said they would not be disclosing their funding prior to the current election. Apparently, they are keen for something they call “a level playing field”.

MTN’s corporate affairs executive Jacqui O’Sullivan said that while MTN does not support nor endorse any political party, it does recognise that political parties need resources to participate in an election and to thereby contribute to the growth and success of South Africa’s multi-party democracy. The board had consequently decided to make a contribution to parties contesting the 2019 election in proportion to their representation in Parliament.Yet, MTN is now more the exception than the rule.

 

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