The Electoral Commission (IEC) has published the first quarter Political Funding Disclosure Report for the financial year 2024/25, which covers the period of 1 April to 30 June 2024.
This is the first report since the inauguration of the seventh parliament and administration following the 2024 national and provincial elections held on 29 May 2024.
The commission in a statement on Monday lauded the political parties who made declarations in the reporting period even though there was no legal basis to do so.
The IEC said this can only bode well for electoral democracy in the country.
Click here to view the IEC Political Funding Disclosure Report.
The commission noted that, “While there were few first-time donors during the reporting quarter, a significant number of donors were repeat donors. Furthermore, many of the repeat donors made significant donations across several political parties, targeting mainly new or recently established political parties.”
During this quarter, political parties declared a cumulative amount of nearly R200 000 000.
“Totalling a colossal R189 950 829, this is by far the highest value of donations across all years and quarters since the introduction of the Political Funding Act, as amended.
“Once again, a positive correlation between the value of donations declared and the election season are demonstrated,” said the commission.
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