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Ruling party on a drive to raise more money

By TJ Strydom | Dec 20, 2012 | COMMENTS [ 18 ]

THE ANC has some quirky ideas to raise funds over the next five years...

Cellphone airtime, funeral policies and the running of conference facilities are among the revenue streams considered. This is contained in the party's financial report delivered during the ANC's elective conference.

Fundraising is the party's most important source of revenue, contributing as much as 72% of its R1.49-billion in income since January 2008. But tougher economic times have put fundraising under pressure.

The report urged the party to make sure that the Political Party Funding Bill is passed. A grant from the Independent Electoral Commission - based on the party's share of the electorate - currently accounts for 15% of revenue.

Apart from giving itself and other political parties access to more public funds, the report showed that the ANC sees "a need to leverage on the quantity" of its membership.

The report suggested that members contribute 3% of their income to the party every month. Membership fees account for only 3% of the party's revenue.

Some of the ideas put forward to raise funds include:

  • ANC merchandise - with which the organisation wants to look at "exploiting the 'brand' that is already a hit in the market place";
  • Loyalty programmes at large retailers - where it sees an opportunity "to use its membership base to extract value"; and
  • Provincially managed business ventures in conferencing and hotels.

The conference will today announce what model the ruling party should adopt.

COMMENTS [ 18 ]

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money for what....they all have their pocket full individualy...what more do they want us to pay e-toll...i h*te ANC and i pray people will wake up and not vote for this blood suckers.

Dec 20, 2012 8:16 | 0 replies

Sometimes I still look for reasons to keep my vote with ANC but they keep showing me that I must definitely take my vote somewhere else. 3% of monthly income - they can kiss my . . . I'm off to the opposition.

Dec 20, 2012 1:50 | 0 replies

Jip, I wonder how long will it take before they sit down to vote that the public funds must support them, it was in an article yesterday that it is in their agenda.

Dec 20, 2012 1:5 | 0 replies

Lindsay, they want to take from the taxpayer too by increasing state contributions to the party.

Dec 20, 2012 12:36 | 0 replies

"Notions that the gap between the rich and poor in South Africa is widening is a farce, President Jacob Zuma said on Thursday.

Speaking at the official opening of the National House of Traditional Leaders in Parliament, Zuma inferred that the income gap was a lie which had been repeated several times in the past 18 years."

Money grow from TREES man !!

Dec 20, 2012 11:36 | 0 replies

Ppl there is no chance anc would lose elections grants for "unemployables" WOW - "The first grant proposal is for a R450 per month benefit linked to incentive programmes"


Ps - w ww.fin24.com/Economy/Dole-system-on-the-cards-for-sA-20121220

Dec 20, 2012 11:33 | 0 replies

Where the faack does the money that Chancellor House make go to? That is the money which the ANC should be using to pay for their prostitution conferences. And as for donor/fund-raising, what a typical African way of encouraging absolute bribery and dependency? They must increase their membership fee from R12 to R100 in 5 years. R100 per annum is still within the poorest of the poorer and the illiterates that they are. Membership can go a long way into improving their coffers. 3% of their income, really? Tithe. Let them ask what happen to churches that rip of loyal congregants of their hard-earned cash. Closed shop.

Dec 20, 2012 11:8 | 0 replies

MommaC
I suppose we should appreciate the fact that they are just as incapable of running their own finances as they are in running the country's finances. At least they are consistent

>>>>>>>>>>>>>

Spot-on.

Death from within. Instead of trying to run leaner they want to convert it to a business - offering vapour as value.

Dec 20, 2012 11:0 | 0 replies

they can raise it as long as they are not going to end up milking taxpayers and non members they can punish their stupid members as much as they want , they have my vote on that

Dec 20, 2012 10:37 | 0 replies

"It would be naive for South Africans to expect anything new from the newly elected ANC executive under Jacob Zuma because the same political and administrative ills that have hampered service delivery will persist." - Thabo Mbeki

Dec 20, 2012 10:37 | 0 replies

Only men this side mxm

Dec 20, 2012 10:4 | 0 replies