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IEC welcomes Political Party Funding Act proclamation

The Act prohibits donations to parties by foreign governments or agencies, foreign persons or entities, organs of state or state-owned enterprises.

THE Electoral Commission (IEC) has welcomed the signing of a proclamation on the commencement of the Political Party Funding Act by President Cyril Ramaphosa on Friday.

“The Act establishes funds to provide political parties represented in Parliament and legislatures with funding to undertake their work. It also requires that donations be disclosed by parties and donors to the Independent Electoral Commission (IEC),” the Presidency said in a statement on Friday.

The Act prohibits donations to parties by foreign governments or agencies, foreign persons or entities, organs of state or state-owned enterprises. Parties may, however, receive funding from foreign entities for training, skills development or policy development.

Read also: IEC seeks to postpone by-elections

It also states that no member of a political party may receive a donation other than for political party purposes.

The IEC said the Act will contribute significantly to increased transparency, good governance and access to information which will ultimately enhance the credibility of the electoral process.

The Electoral Commission will next week publish the final regulations for the Act as part of the final phase of preparing for implementation.

Further details of the next steps will also be announced next week.  

 

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