Who's funding South Africa's top political parties ahead of elections?


- briefly.co.za | 6 days ago

My Vote Counts has released a report detailing the known sources of SA's leading political parties and how they fund their campaigning. President Cyril Ramaphosa recently passed a bill to ensure transparency in this regard, but it has yet to be implemented.

Political campaigning is an expensive endeavour, with parties often relying on external sources to fund their efforts.With the elections just around the corner, My Vote Counts has released a report detailing the known sources funding SA's parties as they battle it out for supremacy, according to eNCA.President Cyril Ramaphosa recently passed the Party Funding Bill, which had been earmarked to come into effect on 1 April but has been delayed.

PAY ATTENTION: Do you want to know what's trending on Briefly.co.za? Join our WhatsApp group today.READ ALSO: Julius Malema: Borders were imposed on Africans by white people African National CongressThe ruling party has recently been plagued by allegations of dodgy dealings with entities such as BOSASA and VBS Mutual Bank. Both of these companies have been implicated in bribery, corruption and money-laundering.

My Vote Counts noted that the ANC has received millions from BOSASA, according to the allegations of Angelo Agrizzi at the state capture inquiry. "According to the Mail & Guardian, the company has received at least around R12 billion in government contracts between 2003 and 2019. According to Agrizzi, AGO spent between R4 million and R6 million monthly for cash bribes to senior government officials on the company’s payroll.

"Democratic AllianceThe nation's leading opposition party, according to the report, received a R400 000 donation from Stephen Nel, CEO of Sahara Computers, which is owned by the notorious Gupta family.

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