Electoral Commission Publishes Political Party Funding Disclosure Report for Q1 of 2023-24 Fiscal Year

1 min read
p o

The Electoral Commission has released the first quarter Political Party Funding Disclosure Report for the 2023-24 fiscal year. This marks the ninth report published since the implementation of the Party Funding Act. The report covers the period from April 1, 2023, to June 30, 2023.

Four Political Parties Declare Funding

During the reporting quarter, four political parties made funding declarations. The donations declared amounted to R 58,365,321.09, with the value of donations significantly higher than in previous quarters. This amount is the second highest since the implementation of the Party Funding Act.

Funding Declarations by Political Parties

The four political parties that made declarations during the reporting period were ActionSA, the African National Congress (ANC), the Democratic Alliance (DA), and Build One South Africa (BOSA). The DA declared the highest donation of R 22,901,161.09, followed by the ANC with R 20,000,000, ActionSA with R 12,164,160.00, and BOSA with R 2,000,000 (plus a late declaration of R 1,300,000).

Major Donors for Political Parties

The DA received its major donations from Fynbos Ekwiteit (Pty) Ltd, Main Street 1564, and Mr. G Ryan. The ANC received its funding mainly from Batho Batho Trust and Chancellor House Trust. ActionSA’s largest donation came from Victoria Freudenheim, with additional contributions from Solomon David Group (Pty) Ltd and the party leader, Mr. Herman Mashaba. BOSA received its only donation from Mr. Martin Paul Moshal.

Late Declarations and Foreign Donations

Three late declarations totaling R 1,300,000 were reported by BOSA. These donations related to the third and fourth quarters of the 2022/23 financial year. Only one foreign donation of R 221,161.09 was declared, which was received by the DA from the Friedrich Naumann Foundation (FNF).

Increase in Declared Donations

The declared donations of over R 57 million in the first quarter of the current financial year represent a significant increase compared to previous quarters. This is the second-largest amount declared out of the nine reports since the Party Funding Act was implemented.

A Russian-Spanish journalist and Cape Town native, channels his lifelong passion for South Africa into captivating stories for his local blog. With a diverse background and 50 years of rich experiences, Serjio's unique voice resonates with readers seeking to explore Cape Town's vibrant culture. His love for the city shines through in every piece, making Serjio the go-to source for the latest in South African adventures.

Leave a Reply

Your email address will not be published.

Previous Story

Gauteng Department of Roads and Transport and g-FleeT Management Receive Unqualified Audit Reports

Next Story

A Triumph for Conservation: Prioritizing African Penguin Foraging Grounds in Algoa Bay

Latest from Blog

Cape Town’s Transformative Toy Libraries: Revolutionizing Early Childhood Development

Cape Town’s toy libraries are changing how young children learn by creating fun and exciting places to play and grow. With 24 vibrant libraries, kids can explore new stories and play with educational toys that help them develop important skills. Educators also benefit, gaining access to helpful resources that enhance teaching methods. This initiative not only supports children’s growth but also encourages a love for learning that can last a lifetime. As these libraries thrive, they inspire communities everywhere to embrace the joy of learning through play.

Innovative Urban Water Management: Embracing Wastewater Package Plants

Wastewater package plants are small, smart facilities that help cities manage dirty water in a cleaner way. They are easy to install and can be placed where big treatment plants can’t go, making them super useful for crowded urban areas. Recently, a workshop brought together many people to learn how to set up and run these plants, highlighting their importance for public health and the environment. By using these innovative systems, cities can boost their economies while making sure they take care of our precious water resources.

Confronting Illegal Mining in South Africa: A Complex Battle

South Africa is fighting against illegal mining with a strong team of police, soldiers, and private security. They’ve recently targeted a large group of about 6,500 illegal miners in Ekurhuleni, where hidden tunnels and makeshift homes showed the extent of this underground world. While these operations can push miners away temporarily, true solutions need to address the economic struggles that drive people to these risky jobs. The goal is to create lasting change that not only protects the environment but also offers communities new opportunities for a better life.

Balancing Tradition and Safety: Cape Town’s Fireworks Policy

Cape Town is getting ready for exciting celebrations like Diwali and Guy Fawkes Night, but there are important rules about fireworks! To keep everyone safe, people must get permission from the police and have their event checked by the Fire and Rescue Service. While many love the colorful displays, some worry about noise and the danger to pets and wildlife. As the city balances fun traditions with safety, it’s clear that thoughtful celebrations can light up the sky without causing chaos below.