Ndlozi: EFF will be first political party to reveal financial backers

Ndlozi: EFF will be first political party to reveal financial backers

- The Economic Freedom Fighter wants to be the first to declare their private funders

- EFF spokesperson Mbuyiseni Ndlozi has urged SA companies not to back a single political party

- This comes as a new bill came under debate in Parliament seeking funding transparency

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Mbuyiseni Ndlozi says that the EFF fully supports a new bill seeking financial transparency for political parties.

Speaking in Parliament on the Promotion of Access to Information Amendment draft bill on Wednesday, Ndlozi commented:

“We’ll be the first ones as the EFF who will say who our private funders are."

The spokesman warned that the proposed bill won't 'necessarily disrupt' what the EFF views as the 'realities' of how the existing funding model marginalizes small black parties.

READ ALSO: Fact Check: President Cyril Ramaphosa's CR17 campaign paid judges

Instead of backing 'one horse in a political race' Ndlozi recommended South African businesses should spread financial support:

“It’s time to fund in the interest of supporting a democracy. If you’ve got R100 to give to political parties distribute it like the IEC does, favour everyone in the political spectra. Why? Because we see that those who put money for example in the CR17 campaign are the first to be considered when it comes to tenders and big state contracts."

Briefly.co.za reported that President Cyril Ramaphosa's CR17 campaign had been the subject of immense scrutiny over a R500 000 donation from the infamous BOSASA company.

Ndlozi feels that funding multiple parties will avoid similar situations from occurring:

“To end that, don’t fund one person, put your money in the [Multi-party democracy fund] established by the IEC which will then be distributed to all political parties, in that way our democracy may function better without the power and the greed of the capitalists, who at the moment remain white, and are just reproducing the status quo in as far as economic balance of forces are concerned."

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Source: Briefly.co.za

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