Only three political events declared donations to the Electoral Commission of South Africa (IEC) after the 29 May elections.

On Thursday, 28 November, the IEC printed the second quarter political funding disclosure report for the monetary yr 2024/2025. The report covers the interval of 1 July to 30 September 2024, the interval after the nationwide and provincial elections.

ANC, DA AND IFP ARE THE ONLY PARTIES THAT DECLARED DONATIONS TO IEC

According to the IEC throughout this quarter, political events declared a cumulative quantity of R8 554 213.

The Commission stated that is the second lowest quantity ever declared after the quantity of just under R6 million that was declared throughout the fourth quarter of the 2022/2023 monetary yr.

“Three political parties made donation disclosure during the reporting quarter. The last time such a number of parties made a donation disclosure was during first quarter of the 2021/2022 financial year, which was also the first ever disclosure under the new Act,” the IEC stated.

The following events made donations disclosure:

• African National Congress (ANC) – R7 212 500
• Democratic Alliance (DA) – R1 127 923
• Inkatha Freedom Party (IFP) – R213 790

WHO DONATED THE BIGGEST AMOUNT?

African National Congress (ANC) – The IEC stated the best worth of donations was declared by the ANC at R7 212 500. This quantity is comprised of three separate donations of obtained from two totally different firms, particularly; Valumax Projects (Pty) Ltd and SAFDEV SSDC (Pty) Ltd. The former made two separate donations of R1 092 500 and R120 000 within the month of July 2024 whereas the latter made a single donation of R6 000 000 in September 2024.

The IEC stated each Valumax Projects and SAFDEV SSDC are firms owned by property growth industrialist, Hendrick Francois Bekker. These firms aren’t first time donors to political events as they’ve each beforehand donated to different political events such because the Democratic Alliance (DA).

Democratic Alliance (DA) – The Democratic Alliance (DA) declared the second highest donation valued at R1 127 923. DA’s donations have been obtained from two donors, considered one of which is the occasion’s common donor, considered one of which is the occasion’s common donor, Friedrich Naumann Foundation (FNF). The different donation was obtained from a person by the identify of Mr J Scheckter with a financial donation of R234 684. This donation was made in July 2024.

FNF made two separate donations of R189 239 and R704 000. The former was an in-kind donation made within the type of cost in the direction of invoices for “Induction to Parliament Process Training for DA members of parliament”.

Inkatha Freedom Party (IFP) – The third and lowest donation was declared by the IFP at R213 790. The donation was obtained from a donor by the identify of Konrad Adenauer Stiftung (KAS) NPC. The donation was in-kind within the type of cost in the direction of convention charges, lodging an honorarium for a workshop to assist the coaching of IFP members employed within the nationwide, provincial and native spheres of presidency. KAS NPC has beforehand made related donation to the IFP which makes the donor one of many common donor to the IFP.

HOW MUCH WAS DECLARED IN THE FIRST QUARTER?

In the primary quarter of the 2024/2025 political events declared R189 950 829 which was by far the best worth of donations throughout all years and quarters because the introduction of the Political Funding Act.

Notably, the worth of first quarter 2024-2025 donation disclosure was corresponding to the worth of donations declared throughout the fourth quarter of the previous monetary yr.

A complete of 14 political events declared donations throughout the first quarter of the yr and newly-formed political occasion Rise Mzansi declared the third highest donation for the quarter valued at R33 895 000.

POLITICAL PARTIES DECLARED A RECORD R189 MILLION RECENTLY, WHY DO YOU THINK THE FUNDING HAS DECREASED?

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