Little interest in new multi-party democracy fund, says IEC
The fund only takes effect on April 1, but the electoral commission says only one company has shown any interest so far
25 March 2021 - 18:03
Only one company has so far expressed interest in donating money to SA’s new multi-party democracy fund, which is expected to play a critical role in funding political party activities as strict legislation kicks in next week.
The lack of interest in the fund, which will launch when the Political Party Funding Act takes effect on April 1, does make the Electoral Commission of SA (IEC), which is tasked with running the fund, “concerned”. ..
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