Political Funding Act gets the nod from all parties

  • 📰 IOL
  • ⏱ Reading Time:
  • 55 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 51%

South Africa Headlines News

Political Funding Act gets the nod from all parties President Cyril Ramaphosa’s signing of the Political Party Funding Act into operation has been backed by parties with the act now expected to come into effect on April 1.

Ramaphosa signed a Proclamation on the Commencement of the Political Party Funding Act, 2018 , which regulates public and private funding of political parties.

“Parties may however receive funding from foreign entities for training, skills development or policy development. No member of a political party may receive a donation other than for political party purposes,” said Tyrone Seale, acting spokesperson for the president. “It is a constitutional right to have information, so that there is transparency and accountability in government. Thus, we call on Ramaphosa to unseal the CR17 documents in line and in the spirit with which he signed the Political Party Funding Act. As the President of this country, Ramaphosa must lead by example and disclose his funders immediately,” Pambo said.

Wayne Thring, ACDP deputy president, said they had always supported disclosures because even when NGOs asked political parties to disclose the sources of their funding, they had been one of few parties to reveal their funders. “The federation had long called for this act to come into effect. Its commencement from 1 April is important as political parties’ fundraising before the 2021 local government elections can then be held to scrutiny.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

But other political parties were opposing it

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 46. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Editorial | Funding act will give voters more power | CitypressEditorial | Funding act to give voters more power One of the oldest conspiracies is that politicians are beholden to those who give them money. The new law strips away the dark cloak that has kept the identity of big money donors away from voters. Thank God for bringing bitcoin to man,it has being a great source of blessing to all of man kind who have passion for bitcoin trading. Now the poor are getting rich over night and the rich getting richer. SamuelEddy_4 thank you for your proper management . Feel happy making money from home on despite this whole pandemic, I kept making money every week thanks to you wilhelmdenis1 Get your BTC and DM the account manager wilhelmdenis1 I’m back with a smile on my face again thanks to Philsaint324 I don’t know what to say I was skeptical but I am proud to let the world know that you’re the reason behind my successful trades life!!🙏🙏🙏🙏 God bless you for your good works
Source: City_Press - 🏆 7. / 72 Read more »

Political Party Funding Act a 'game-changer' - IECThe act will regulate public and private funding of political parties represented in the national and provincial legislatures.
Source: ewnupdates - 🏆 30. / 53 Read more »

IEC to enforce Political Party Funding Act when it takes effect in AprilThe Electoral Commission of SA will issue fines if political parties do not adhere to new legislation No choice it is a must.
Source: BDliveSA - 🏆 12. / 63 Read more »

Helen Zille on funding act: ANC will 'destroy' legitimate fundraising of oppositionThe ANC is nonchalant about the Political Party Funding Act because it will still get all the funds it needs, says the DA federal council chair. DA still has lot to learn in political games 😅😅😅 you are children when it comes to ANC dark politics Aunt Helena! The zios have been funding the DA
Source: TimesLIVE - 🏆 28. / 59 Read more »

IEC begins preparations for Party Funding ActThe Independent Electoral Commission says its final preparations for the implementation of the Political Party Funding Act were well under way, with the act set to come into force on April 1. April Fools Day - seems apt 😂😂😂🤣
Source: IOL - 🏆 46. / 51 Read more »