Cape Town — The Independent Electoral Commission (IEC) released the donation figures for each political parties funding for the fourth quarter of the 2023/2024 political year.
The IEC revealed the finances for each political party for the final quarter of the 2023/24 financial year, covering the period from 1 January 2024 to 31 March 2024. The declared values surpassed the R100 million mark in one quarter for the first time. The total amount came to R172 069 959.39.
“This amount is both higher than all of the quarters previously reported on and the combined quarterly disclosures reported during each of the previous two (2021/22 and 2022/23) financial years. A message from the disclosed total amount is that the rate, extent and the results of political campaign finance activities for the 2024 elections have demonstrably reached levels never seen before.” it said.
— IEC South Africa (@IECSouthAfrica) May 17, 2024
The parties who received the highest number of donations included the Democratic Alliance (DA) with R65 million, the Inkatha Freedom Party (IFP) with R20 million, the African National Congress (ANC) with R16 million, ActionSA with R10 million, Rise Mzansi with R15 million, while Change Starts Now garnered R35 million, despite being the party not contesting the elections.
The DA’s leading donators were J and N Oppenhemer (R10 000 000 each), who also donated R10 million each to the IFP. Martin Moshal donated R8 million to the DA and R9 million to ActionSA.
The ANC’s main donors during this quarter were companies associated with President Cyril Ramaphosa’s brother-in-law and mining magnate Patrice Motsepe, African Rainbow Minerals Limited and Harmony Gold Mining Company Limited, donating R6.9 million each. Both companies donated R1 320 000 to the EFF.
Rise Mzansi managed to raise R15.1 million from two donors. A voluntary organisation named We Are the People donated R15 million, while Peter Vundla donated R100,000.
In two weeks the South African General Election will be over.
Below are declarations of funding by some of the
political parties involved.
If you’re interested in who funds who and by how much 👇. pic.twitter.com/q9CP7LNx2n— Cheryl Fontini (@CherylFontini) May 17, 2024
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Compiled by Matthew Petersen
