These parties have received R58 MILLION in political donations.

The newest report from the Independent Electoral Commission (IEC) details the amount of money donated to political parties in the first three months of the current fiscal year.

The IEC reports that during the reporting period, a stunning R58 million was donated, an amount that is considerably more than in previous quarters.

For the reporting quarter, the combined total that the four (4) political parties have reported is R 58 365 321 09 cents (about $58,000,000, $365,000, $321,09). One million three hundred thousand rand was a late donation declaration from three different donations received by a specific party in the third and fourth quarters of the preceding fiscal year.
As reported by the IEC (Independent Electoral Commission): Just how much money did political groups get?
ActionSA, the African National Congress (ANC), the Democratic Alliance (DA), and the recently registered Build One South Africa (BOSA) got the largest donations, as reported by the IEC.

Donations totaling R22 million were given to the DA during the first quarter.
The ANC’s R20 million declaration ranks second highest.
ActionSA declared slightly over R12 million, good for third place; Build One SA (BOSA) declared R2,000,000; and a late disclosure of R1,300,000 was also made.

CHECK OUT

WHO IS FUNDING THESE GROUPS?
A substantial chunk of the DA’s donations came from an entity called Fynbos Ekwiteit (Pty) Ltd, which contributed the party R15 million. According to the IEC, the DA also received two more substantial donations, one of R5 million from an organization called Main Street 1564 and another of R2 million from an individual known as Mr G Ryan.
Batho Batho Trust donated R15 million to the ANC, while Chancellor House Trust contributed R5 million. The party receives consistent support from both of these organizations.
The vast majority of the R7.2 million that ActionSA got came from a single donor identified only as Victoria Freudenheim.

“Two additional multimillion-rand gifts were received from a company called Solomon David Group (Pty) Ltd. The other was a two-part donation from party head Mr. Herman Mashaba. Another consistent party donor, Style Eyes of California (Pty) Ltd, contributed R 700 000 during the reporting quarter, the IEC reported.
Martin Paul Moshal sent R 2,000,000 to Mmusi Maimane’s new political party, Build One SA, after hearing about it from a friend. The IEC did note that three donations totaling R1.3 million were declared late; these were from billionaire Rob Hershov (R100,000), Hlumelo Biko (R200,000), and RTH Investments (Pty) Ltd (R1,000,000).

Image of Mmusi Maimane courtesy of his Facebook page.

Share on Facebook «||» Share on Twitter «||» Share on Reddit «||» Share on LinkedIn

Advertisement
Advertisement: Download Vital Signs App (VS App)