Seven political parties have made declarations of almost R60m in the last quarter of 2023, says the IEC.
The total amount declared between October and December was R59,052 065.82, with Rise Mzansi, the new kids on the block, declaring R16,744,186; followed by ActionSA at R13,912,450; the ANC with R10m, Build One South Africa (Bosa) at R8.5m; Patriotic Alliance (R7,096,380), the DA with R2,608,009.05 and the IFP with R191,040.
The IEC yesterday said this signalled a heightened political fundraising ahead of elections in May.
“For the Electoral Commission, this is an indication that there are some in the corporate sector that recognise the role that Corporate South Africa can play to strengthen multi-party democracy in SA.
The commission continues to call on other corporate entities and individual members of the society to take up the challenge and support this good course,” said the IEC in a statement.
According to the IEC, Rise Mzansi received a significant monetary donation of R15m from Rebecca Oppenheimer, the granddaughter of De Beers founder and former chair of the diamond company Harry Oppenheimer.
Rebecca is a board member of the Oppenheimer Memorial Trust, which is known for large contributions to the DA and Action SA. Additionally, Rise Mzansi received R1m from Main Street 1564 (Pty) Ltd.
In-kind donations from In Jozi Design CC and Kairos Communication (Pty) Ltd were also reported, with values of R184,228 and R559,958 respectively.
ActionSA received its highest monetary donations from regular contributors Victoria Freudenheim (R7,486,200) and Martin Moshal (R5,000,000).
Additional contributions came from African Equity Corporation (Pty) Ltd (R1m), SHIYAN80422 (Pty) Ltd (R150,000), Solomon David Group (Pty) Ltd (R127,750) and Alan Beesley (R148,000).
The ANC received its R10m from the Chancellor House Trust in December. Bosa received its donations from Jessica Bridget Slack Jell, valued at R6m, followed by Martin Moshal with R2m and RTH Investments (Pty) Ltd with R 500k.
PA leader Gayton McKenzie was the highest donor for the party with R250,000, R2,289,130 and R220,000. Another PA leader, Kenny Kunene, made a monetary donation of R1,007,250 to the party during the same period.
Other notable donors included RED C2 (Pty) Ltd (R2m), Downtown Spares CC (R380,000), XMOOR Transport (Pty) Ltd (R190,000), Metrowired (Pty) Ltd (R380,000), XTX Trade (Pty) Ltd (R190,000) and an individual, Rapula Mogaki (R190,000).
The DA received its largest donation of R1m from Artemis Properties (Pty) Ltd, followed by Beacon Rock Limited with a donation of R999,711. The IFP reported a lone in-kind donation valued at R191,040.77 from Konrad Adenauer Stiftung NPC.
The donation was made towards costs related to a training workshop for party members employed in government. Only the DA and IFP declared foreign donations – R71,797 and R191,040 respecrespectively – and all of them were compliant with the legislation, in that they were below the R5m limit per donor per party per annum.
During the third quarter, the Multi-Party Democracy Fund received a contribution of R5m from Standard Bank. This contribution has already been distributed to individual parties.
Seven political parties declare R60m donations
This signals a heightened political fundraising – IEC
Image: Fani Mahuntsi
Seven political parties have made declarations of almost R60m in the last quarter of 2023, says the IEC.
The total amount declared between October and December was R59,052 065.82, with Rise Mzansi, the new kids on the block, declaring R16,744,186; followed by ActionSA at R13,912,450; the ANC with R10m, Build One South Africa (Bosa) at R8.5m; Patriotic Alliance (R7,096,380), the DA with R2,608,009.05 and the IFP with R191,040.
The IEC yesterday said this signalled a heightened political fundraising ahead of elections in May.
“For the Electoral Commission, this is an indication that there are some in the corporate sector that recognise the role that Corporate South Africa can play to strengthen multi-party democracy in SA.
The commission continues to call on other corporate entities and individual members of the society to take up the challenge and support this good course,” said the IEC in a statement.
According to the IEC, Rise Mzansi received a significant monetary donation of R15m from Rebecca Oppenheimer, the granddaughter of De Beers founder and former chair of the diamond company Harry Oppenheimer.
Rebecca is a board member of the Oppenheimer Memorial Trust, which is known for large contributions to the DA and Action SA. Additionally, Rise Mzansi received R1m from Main Street 1564 (Pty) Ltd.
In-kind donations from In Jozi Design CC and Kairos Communication (Pty) Ltd were also reported, with values of R184,228 and R559,958 respectively.
ActionSA received its highest monetary donations from regular contributors Victoria Freudenheim (R7,486,200) and Martin Moshal (R5,000,000).
Additional contributions came from African Equity Corporation (Pty) Ltd (R1m), SHIYAN80422 (Pty) Ltd (R150,000), Solomon David Group (Pty) Ltd (R127,750) and Alan Beesley (R148,000).
The ANC received its R10m from the Chancellor House Trust in December. Bosa received its donations from Jessica Bridget Slack Jell, valued at R6m, followed by Martin Moshal with R2m and RTH Investments (Pty) Ltd with R 500k.
PA leader Gayton McKenzie was the highest donor for the party with R250,000, R2,289,130 and R220,000. Another PA leader, Kenny Kunene, made a monetary donation of R1,007,250 to the party during the same period.
Other notable donors included RED C2 (Pty) Ltd (R2m), Downtown Spares CC (R380,000), XMOOR Transport (Pty) Ltd (R190,000), Metrowired (Pty) Ltd (R380,000), XTX Trade (Pty) Ltd (R190,000) and an individual, Rapula Mogaki (R190,000).
The DA received its largest donation of R1m from Artemis Properties (Pty) Ltd, followed by Beacon Rock Limited with a donation of R999,711. The IFP reported a lone in-kind donation valued at R191,040.77 from Konrad Adenauer Stiftung NPC.
The donation was made towards costs related to a training workshop for party members employed in government. Only the DA and IFP declared foreign donations – R71,797 and R191,040 respecrespectively – and all of them were compliant with the legislation, in that they were below the R5m limit per donor per party per annum.
During the third quarter, the Multi-Party Democracy Fund received a contribution of R5m from Standard Bank. This contribution has already been distributed to individual parties.
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