{"id":3426,"date":"2021-01-30T12:09:37","date_gmt":"2021-01-30T12:09:37","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/?p=3426"},"modified":"2021-01-30T12:07:11","modified_gmt":"2021-01-30T12:07:11","slug":"iec-begins-preparations-for-party-funding-act","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/iec-begins-preparations-for-party-funding-act","title":{"rendered":"IEC begins preparations for Party Funding Act"},"content":{"rendered":"

Africa-Press<\/a> – South-Africa<\/a>. <\/strong><\/span>The Independent Electoral Commission said yesterday its final preparations for the implementation of the Political Party Funding Act were well under way, with the act set to come into force on April 1.<\/p>\n

In a media briefing, the commission\u2019s senior leadership outlined plans around the implementation of the act and what its regulations meant for political parties.<\/p>\n

The commission said once the act commences would create transparency around the issue of party funding and that this would allow for the investigations to be possible when misdemeanours occur.<\/p>\n

The commission\u2019s deputy chairperson, Janet Love, said that the commission would table an annual report in Parliament with a record of all donations across the political spectrum, while the act also prohibited donations to political parties by foreign governments, agencies or persons, and organs of state and state-owned entities.<\/p>\n

Love also added the act set an annual limit of R15 million as the maximum an individual or organisation may donate annually to an individual party.<\/p>\n

After it comes into effect on 1 April, one of the first moves of the act would be to require all parties to disclose all donations received between April and June this year ahead of the local government elections.<\/p>\n

The local government elections have been scheduled for the period between the beginning of August and the beginning of November 2021.<\/p>\n

The act will require all political parties and their corporate donors to declare donations, including donations in kind, above the value of R100 000 per year to the Electoral Commission quarterly.<\/p>\n

George Mahlangu, the commission\u2019s chief executive for party funding, said that parties did not have to declare donations less than R100 000 from a single donor source in one year, although these would have to be noted by an official auditing firm.<\/p>\n

\u201cAs long as what you have donated to a political party is less than R100 000 in one year you do not have to disclose, so it doesn\u2019t work like you\u2019ve got R500 000 and you are going to make it R90 000 one month, R90 000 another month.<\/p>\n

\u201cIt has to be R100 000 from a single source in one particular year, then you do not have to disclose to the commission,\u201d Mahlangu said.<\/p>\n

He added that the business of political parties was exempt from taxation and that this will apply with the donors of political parties.<\/p>\n

\u201cIf the recipient is exempted from tax, that applies to the donor as well. So those who are going to donate to political parties are going to be exempted as a result of the fact that political parties are entities that are exempted from paying,\u201d Mahlangu said.<\/p>\n

Political Bureau<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – South-Africa. The Independent Electoral Commission said yesterday its final preparations for the implementation of the Political Party Funding Act were well under way, with the act set to come into force on April 1. In a media briefing, the commission\u2019s senior leadership outlined plans around the implementation of the act and what its […]<\/p>\n","protected":false},"author":84,"featured_media":3425,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,8,10],"tags":[274,315,275],"class_list":["post-3426","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-homepage-english","category-parties","tag-africa-press","tag-africa-press-south-africa","tag-south-africa-2"],"yoast_head":"\nIEC begins preparations for Party Funding Act - South Africa<\/title>\n<meta name=\"description\" content=\"The Independent Electoral Commission said yesterday its final preparations for the implementation of the Political Party ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/iec-begins-preparations-for-party-funding-act\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IEC begins preparations for Party Funding Act\" \/>\n<meta property=\"og:description\" content=\"The Independent Electoral Commission said yesterday its final preparations for the implementation of the Political Party ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/iec-begins-preparations-for-party-funding-act\" \/>\n<meta property=\"og:site_name\" content=\"South Africa\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-30T12:09:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2021\/01\/img-60154bbece480.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"404\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/iec-begins-preparations-for-party-funding-act#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/iec-begins-preparations-for-party-funding-act\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"IEC begins preparations for Party Funding Act\",\"datePublished\":\"2021-01-30T12:09:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/iec-begins-preparations-for-party-funding-act\"},\"wordCount\":447,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/iec-begins-preparations-for-party-funding-act#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2021\/01\/img-60154bbece480.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-South-Africa\",\"South-Africa\"],\"articleSection\":[\"all news\",\"homepage-english\",\"parties\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-africa\/all-news\/iec-begins-preparations-for-party-funding-act#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/iec-begins-preparations-for-party-funding-act\",\"url\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/iec-begins-preparations-for-party-funding-act\",\"name\":\"IEC begins preparations for Party Funding Act - 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