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Political Party Funding Act a âvictory for votersâ
By Zainul Dawood
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Durban - THE Electoral Commission of SA (IEC) is expected to publish the final regulations for the Political Party Funding Act (PPFA) this week.
President Cyril Ramaphosa signed the PPFA into law on Friday.
The PPFA regulates public and private funding of political parties. It also requires that donations be disclosed by parties and donors to the IEC. It will come into effect on April 1, 2021.
The act prohibits donations to parties by foreign governments or agencies, foreign persons or entities, organs of state or state-owned enterprises. Parties may, however, receive funding from foreign entities for training, skills development or policy development.
Thapelo Lekabe President Cyril Ramaphosa has finally signed the 2018 Act into law, and it will become fully operational on 1 April 2021. President Cyril Ramaphosa. Picture: Jairus Mmutle/GCIS.
The 2018 Act was signed into law in January 2019 and has been awaiting President Cyril Ramaphosa’s decision on its implementation date.
My Vote Counts said the legislation, which will come into operation on 1 April 2021, was a step in the right direction in trying to fight corruption in the country.
The Presidency on Friday said the signing of the Act into operation was “a historic development for transparency and accountability in South Africa”.
In a historic development for transparency and accountability in South Africa, President @CyrilRamaphosa has determined that the Political Party Funding Act will come into operation on 1 April 2021. https:/
Electoral Commission welcomes Political Party Funding Act implementation
The Electoral Commission has noted the signing of a proclamation on the commencement of the Political Party Funding Act, 2018 by President Cyril Ramaphosa.
The Electoral Commission welcomes the coming into effect of the legislation from 1 April 2021, coinciding with the start of a new financial year for the public sector and political parties.
The implementation of the Act is one of the most important and far-reaching enhancements to our electoral democracy in the past 25 years. It will contribute significantly to increased transparency, good governance and access to information which will ultimately enhance the credibility of the electoral process.
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