{"id":57331,"date":"2023-11-30T16:35:57","date_gmt":"2023-11-30T16:35:57","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/all-news\/the-big-name-billionaires-funding-south-africas-opposition"},"modified":"2023-11-30T17:41:36","modified_gmt":"2023-11-30T17:41:36","slug":"the-big-name-billionaires-funding-south-africas-opposition","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/the-big-name-billionaires-funding-south-africas-opposition","title":{"rendered":"The big-name billionaires funding South Africa\u2019s opposition"},"content":{"rendered":"

Africa-Press – South-Africa. <\/strong><\/span>The Democratic Alliance has emerged as the biggest donor draw, according to the IEC\u2019s latest Party Funding Disclosure Report for the second quarter of the 2023\/24 financial year.<\/p>\n

The party drew in close to R36.2 million in donor funding during the quarter, taking its total for the year so far up to R59 million.<\/p>\n

The second quarter donations to the DA accounted for 88% of all declared donations over the period, with the party securing funding from billionaire families \u2013 the Oppenheimers and the Le Rouxs.<\/p>\n

Six political parties made donation declarations, including Action SA, the ANC, the DA, the IFP, the PA and the Freedom Front Plus.<\/p>\n

The total declaration amounted to R41.1 million, including late donations of R778,309.<\/p>\n

The late donations declaration consists of three separate donations received by the ANC during the fourth quarter of the previous 2022\/23 fiscal year and the first quarter of the current 2023\/24 fiscal year.<\/p>\n

The ANC did not declare any donation for the second quarter.<\/p>\n

This is how much money was donated to the parties:<\/p>\n

DA \u2013 R36,388,690<\/p>\n

Action SA \u2013 R3,458,000<\/p>\n

ANC \u2013 R778,309<\/p>\n

PA \u2013 R225,000<\/p>\n

VF Plus \u2013 R131,000<\/p>\n

IFP \u2013 R112,473<\/p>\n

The largest donation \u2013 to the DA \u2013 was received from an entity known as Fynbos Kapitaal Proprietary Limited.<\/p>\n

This entity is not to be confused with Fynbos Ekwiteit (Pty) Ltd, which also made a large donation to the party in the first quarter. Both entities are linked to billionaire Capitec founder Michiel le Roux, who frequently donates to the party.<\/p>\n

The second largest donation came from an individual by the name of Mary Slack \u2013 philanthropist and daughter of Harry Oppenheimer \u2013 another billionaire family.<\/p>\n

These two donors donated amounts of R15 million and R10 million, respectively, making up the bulk of the DA\u2019s declarations.<\/p>\n

However, other large donations were also declared by the party, including Martin Moshal (R5 million), D Barnes (R3 million) and an international entity known as the Danish Liberal Democracy Programme (R1.5 million).<\/p>\n

The rest of the donations of individual amounts below the R1 million mark were received in a combination of monetary and in-kind donations from a number of individuals and one regular international donor, totalling just over R1.5 million.<\/p>\n

Other parties<\/p>\n

ActionSA was the party to declare the second largest amount in donations \u2013 the two largest donations, constituting 86.8%, were received from two individual donors, namely; the party leader, Herman Mashaba (R2 million) and Martin Paul Moshal (R1 million), who is a regular donor to the party and has also donated to the DA.<\/p>\n

Moshal is reportedly a friend of Mashaba\u2019s and has been described as a \u201creclusive online gambling mogul\u201d based in Sydney, Australia.<\/p>\n

The rest of the donations were received from a number of sources including an entity that is equally a regular donor to the party, Shave & Gibson Group (Pty) Ltd, valued at R150,000.00.<\/p>\n

Further donations were made by another entity known as Petrocam Trading (Pty) Ltd, valued at R200,000, and another party leader, Alan Beesley, valued at R108,000.<\/p>\n

All of ActionSA\u2019s declared donations were in monetary terms.<\/p>\n

For the PA only one monetary donation made by the party leader, Gayton McKenzie. The value of the declared amount is R225,000.<\/p>\n

VF Plus donations were in-kind in the form of 30 wheelchairs and 2,000 kilograms of rice. The respective value of these in-kind items is R75,000 and R56,000.<\/p>\n

For the reporting quarter, all of the ANC\u2019s declared donations were late declarations.<\/p>\n

These comprise donations from three entities known as Elohim Erets Retailers CC (R150,000), Iceburg Trading (R428,309), and Phepha MV Security Services (Pty) Ltd (R200,000).<\/p>\n

The first two donations were made during the last quarter of the 2022\/23 fiscal year (January 2023) and the last one was made during the first quarter of the 2023\/24 fiscal year (April 2023).<\/p>\n

Accordingly, the ANC was issued a request for representation in terms of section 15(1) of the Act. This requires the party to make written representations of the circumstances of the late declarations.<\/p>\n

\u201cUpon receipt of the requested representations, the commission will evaluate them and make a decision on the next steps,\u201d the IEC said.<\/p>\n

For More News And Analysis About South-Africa<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – South-Africa. The Democratic Alliance has emerged as the biggest donor draw, according to the IEC\u2019s latest Party Funding Disclosure Report for the second quarter of the 2023\/24 financial year. The party drew in close to R36.2 million in donor funding during the quarter, taking its total for the year so far up to […]<\/p>\n","protected":false},"author":84,"featured_media":57330,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[274,315,275],"class_list":["post-57331","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-south-africa","tag-south-africa-2"],"yoast_head":"\nThe big-name billionaires funding South Africa\u2019s opposition - South Africa<\/title>\n<meta name=\"description\" content=\"The Democratic Alliance has emerged as the biggest donor draw, according to the IEC\u2019s latest Party Funding Disclosure Re ...\" \/>\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\/the-big-name-billionaires-funding-south-africas-opposition\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The big-name billionaires funding South Africa\u2019s opposition\" \/>\n<meta property=\"og:description\" content=\"The Democratic Alliance has emerged as the biggest donor draw, according to the IEC\u2019s latest Party Funding Disclosure Re ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/the-big-name-billionaires-funding-south-africas-opposition\" \/>\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=\"2023-11-30T16:35:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-30T17:41:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2023\/11\/sm_1701353392.123854.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\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=\"4 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\/the-big-name-billionaires-funding-south-africas-opposition#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/the-big-name-billionaires-funding-south-africas-opposition\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"The big-name billionaires funding South Africa\u2019s opposition\",\"datePublished\":\"2023-11-30T16:35:57+00:00\",\"dateModified\":\"2023-11-30T17:41:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/the-big-name-billionaires-funding-south-africas-opposition\"},\"wordCount\":689,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/the-big-name-billionaires-funding-south-africas-opposition#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2023\/11\/sm_1701353392.123854.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-South-Africa\",\"South-Africa\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-africa\/all-news\/the-big-name-billionaires-funding-south-africas-opposition#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/the-big-name-billionaires-funding-south-africas-opposition\",\"url\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/the-big-name-billionaires-funding-south-africas-opposition\",\"name\":\"The big-name billionaires funding South Africa\u2019s opposition - 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