IEC to implement Political Party Funding Act

The Act requires all political parties and their corporate donors to declare donations (including donations in kind) above the value of R100 000 per year to the Electoral Commission quarterly. The Commission will then publish these declarations online.

THE Electoral Commission says it has begun its final phase of preparations to implement the Political Party Funding Act (Act 6 of 2018) from 1 April 2021.

This follows the announcement last week by President Cyril Ramaphosa of the coming into effect of the Act from that date.

The Electoral Commission welcomed the date of implementation, which coincides with the start of the new financial year within the public sector and for political parties.

Related story: IEC welcomes Political Party Funding Act proclamation

The Electoral Commission has called on all political parties and other stakeholders to join hands over the coming months to ensure the smooth and effective implementation of the legislation and regulations.

“The regulation of the funding of political parties is a key aspect of all modern multi-party democracies, and the imminent implementation of the new Act is one of the most important and far-reaching enhancements to our electoral democracy in 25 years.

“Transparency and information is the foundation for free and fair elections and this Act will go a long way in providing information to voters, the media, civil society and all other stakeholders on how political parties are privately funded,” said IEC chairperson Glen Mashinini at a media briefing in Pretoria on Friday.

While the Act provides for various sanctions and enforcement measures to ensure compliance, Mashinini said the establishment of enforcement capacity will take time.

 

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