Party funding bill gets the nod from committee
The bill includes a ban on donations from foreign sources and a requirement for parties to disclose all donations
The political party funding bill, which seeks to provide guidelines and new regulations on the funding of political parties, is a step closer to becoming law. The bill includes a ban on donations from foreign sources and a requirement for parties to disclose all donations above a threshold yet to be set. It also provides for the establishment of two funds, to be run by the Electoral Commission of SA, for political parties. A represented parties fund will cater for political parties represented in Parliament and provincial legislatures with money appropriated by Parliament. A multiparty democracy fund will accept funds from private sources for parties that are represented in Parliament and provincial legislatures. The bill further states that the two funds should be managed by a separate business unit with its own CE.