Political parties declare R172 million in funding ahead of elections

The IEC says that for the first time since the inception of the Party Funding Act, the declaration value has surpassed the R100 million mark.

A record 13 political parties have declared donations received from private funders.

The DA declared the biggest single donation of R65 million.

This was followed by the IFP, which declared a R20 million donation, with the ANC declaring a R16 million donation.

The EFF declared a R2 million donation from billionaire Patrice Motsepe’s companies, which also donated to the ANC, DA, and Freedom Front Plus.

Meanwhile, the new kid on the block, Rise Mzansi, declared a R15 million donation.

ActionSA declared donations valued at just more than R10 million.

African Transformation Movement (ATM) declared a total donation of R120 000 received from Caesar Nongqunga, an individual donor. 

Businessman Roger Jardine’s failed political party, Change Starts Now, declared just over R35 million.

The party is not contesting the May 29 elections.

"The declared value of donations has, for the very first time since the inception of the Party Funding Act, surpassed the R100 million mark in any one quarter,” the IEC said on Friday.

“The cumulative declared quantum is a prodigious 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.”

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