Over R3bn in funding received by political parties

POLITICAL parties represented in Parliament shared over R3.24 billion in 2023/24 which included donations via private funding, allocations from Parliament and provincial legislatures, and the Electoral Commission of South Africa (IEC).

- LOYISO SIDIMBA

According to lobby group My Vote Counts (MVC), the ANC received the lion's share of nearly R1.72bn and the DA was allocated about R655 million, while the EFF got over R309m. The list does not include the uMkhonto weSizwe Party, as it only contested elections for the first time in May last year following its establishment in December 2023.

An amount of about R1.56bn from Parliament and nine provincial legislatures was allocated to 15 represented political parties. The ANC’s R1.72bn allocation includes R905m from Parliament and provincial legislatures, R527m through private funding, and R286m from the IEC-administered represented political parties and multi-party democracy funds, according to MVC.