Political Party Funding Act Becomes Law on 1 April, Says Ramaphosa

Political Party Funding Act Becomes Law on 1 April, Says Ramaphosa

- President Cyril Ramaphosa has announced that the new Political Funding Act will come into effect on 1 April this year

- The act requires that political parties not receive donations from international sponsors, they will also need to disclose donation information to the IEC

- The president previously signed the act last year but had not set a date for it to go into effect

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President Cyril Ramaphosa has announced this morning that the Political Funding Act will come into effect as of 1 April this year. The act which was signed last year had not been given a commencement date.

The act has been set up to create transparency around political parties, the donations that go into funding their campaigns, and also where the donations come from. The act now also prohibits South African political parties from receiving donations from foreign entities.

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They have also been prohibited from receiving donations from a state-owned enterprise or organ of the state.

They have however stated in the act that South African political parties may receive donations for training and self-development that may help the party to progress intellectually and with their skill sets, reports an EWN article.

“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. No member of a political party may receive a donation other than for political party purposes,” said the presidency, in a Timeslive article.
Political Party Funding Act Becomes Law on the 1 April Says Ramaphosa
President Cyril Ramaphosa has said the new Political Party Funding Act will come into law on 1 April. Image: @cyrilrampahosa
Source: UGC

Briefly.co.za also reported that ActionSA leader Herman Mashaba has encouraged President Cyril Ramaphosa to trim the size of his Cabinet before raising taxes. The former Johannesburg mayor claimed that it is now official that Mzansi government wants to increase tax to fund the procurement and rollout of the Covid-19 vaccine.

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Mashaba shared that this is the perfect time for Ramaphosa to "cut the fat". The politician wants Ramaphosa to get rid of some of his 62 ministers and deputy ministers in order to save millions of rand from their salaries.

"The #CutTheFat Campaign calls on all South Africans to draw a line in the sand and say ‘this far and no further’ to a government that continues to spend and live expensively while South Africans are suffering," said Mashaba in a statement."

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Source: Briefly News

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