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ANC Wants Changes in Party Funding So it Can Get More Can Donations

After struggling to pay salaries to staff members at Luthuli House, the ruling party wants to amend changes in the way parties are funded. The African National Congress National Working Committee (NWC) proposed to ammendment to Political Party Funding, to increase contributions made by entities and individuals.

Currently the Political Party Funding Act allows individuals to donate upto R100 000 per annum, while entities can only donate upto R15 million per annum. Now the ruling party says this donations are too small and proposes that the individual threshold be increased to R250 000 to R500 000 per annum, and companies be allowed to donate R50 million to R100 million per annum.

The funds of ANC are running dry and the party is not happy, instead they blame the party funding act and the IEC. In a document the party 's NWC said "We can also consider proposing an amendment to the act to provide for higher threshold [or] limits in the year preceding an election. Definition of donations, to explicitly exclude dividends and or investments of and on behalf of a political party," 

"The act also prohibits funding of political parties through provincial legislatures, thus further reducing public funding of political parties and in effect, the system of multiparty democracy. Since the PPFA came into effect, only a single donation of R2 000 (two thousand rand) was made into the multi-party democracy fund. The regulations provide for the IEC to distribute monies from the fund to political parties only once donations to the fund have reached R1 million. To date, no monies have been distributed from this fund,"

It remains to be seen if the act can be amended to accommodate ANC 's demands.

Content created and supplied by: AfricanWebNews (via Opera News )

ANC IEC Luthuli House NWC Political Party Funding Act


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