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Friday, 17 May 2024 16:11

Political parties rake in over R172 million in donations ahead of elections.

By Lehlohonolo Lehana.

The Independent Electoral Commission (IEC) latest Party Funding Disclosure Report, thirteen political parties made donation declarations for the fourth quarter of 2023/24 (1 January to 31 March 2024), amounting to a record R172,069,959.

This amount is higher than the total disclosed in all previous quarters and the combined disclosures of the last two financial years (2021/22 and 2022/23).

The commission says that for the first time since the inception of the Party Funding Act, the declaration value has surpassed the R100 million mark.

According to the Political Party Funding Act, parties must disclose all donations received above R100,000.

Interestingly, the Democratic Alliance (DA) continued to trump other parties with their donor pull, while the party with the second highest declared donations no longer competing in the upcoming elections.

The DA declared the biggest single donation of R65 million.

This was followed by the Inkatha Freedom Party (IFP), which declared a R20 million donation, with the African National Congress (ANC) declaring a R16 million donation.

The Economic Freedom Fighters (EFF) declared a R2 million donation from billionaire Patrice Motsepe's companies, which also donated to the ANC, DA, and Freedom Front Plus.

Meanwhile, the new kid on the block, Rise Mzansi, declared a R15 million donation.

ActionSA declared donations valued at just more than R10 million.

African Transformation Movement (ATM) declared a total donation of R120 000 received from Caesar Nongqunga, an individual donor. 

Businessman Roger Jardine's failed political party, Change Starts Now, declared just over R35 million.

The party is not contesting the May 29 elections.

A message from the disclosed total amount is that the rate, extent, and the results of political campaign finance activities for the 2024 elections have demonstrably reached levels never seen before, added the commission.