A guide to how SA political parties get funded
Transparency around political party funding has been a much debated topic for years in South Africa.
Earlier this year, President Cyril Ramaphosa signed into law a new Party Funding Bill which determines that all private donations to political parties be disclosed.
However, it is unlikely this law will come into effect before this year’s elections.
Author and former ANC MP Melanie Verwoerd looks at the various way in which political parties get their funding ahead of the 2019 national elections.
We all know that elections are expensive to political parties.Melanie Verwoerd, Author and former ANC MP
There are two ways of how political parties get money - the private sector and the State.Melanie Verwoerd, Author and former ANC MP
They get a certain amount of money from the State, which is the taxpayer's money. There is a fund controlled by the IEC which gives parties a formula based on their representation in the national and provincial government.Melanie Verwoerd, Author and former ANC MP
The ANC in the last financial year got about R83 500 million, DA got R30 million, EFF R11 million and Cope as well as Freedom Front got about R2 million.Melanie Verwoerd, Author and former ANC MP
Verwoerd says there are strict rules on how political parties can use these funds.
She says the new Party Funding Bill pertains to funding acquired from the private sector and not State funding.
When it comes to private funding it is important that we know who is giving who money.Melanie Verwoerd, Author and former ANC MP
To hear the rest of the conversation, listen below:
Intellidex's Peter Attard Montalto says the president needs to follow through with all his promises.Read More
Post-election, national chairperson advocate Dali Mpofu evaluates the party's gains.Read More
Political analyst Nompumelelo Runji says these people have support from their constituencies.Read More
Eyewitness News reporter Ayanda Nyathi shares details on the process leading up to the first sitting of the National Assembly.Read More
Eyewitness News reporter Clement Manyathela shares details on the return of Kgosientso Ramokgopa and Parks Tau.Read More
Democratic Alliance says it will review its elections campaign and performance.Read More
BLSA chief operations officer Busisiwe Mavuso says Cyril Ramaphosa needs to appoint ministers that are of the right calibre.Read More
Alan Winde says he is already in discussions on who members of his Cabinet would be in the provincial legislature.Read More
Federal chairperson Athol Trollip says the party takes collective responsibility for the election results.Read More
The News24 editor says there is a theory in the ANC that Lindiwe Sisulu may be used by the 'Zuma camp' to unseat the president.Read More