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:/
“The implementation of the Political Party Funding Act will have far-reaching consequences for good governance and ethical political activity. It will strengthen the confidence of citizens in the democratic political process and enable them to assert their right to information.
“At the same time, through the establishment of the Represented Political Party Fund, which provides public funding to parties, and the Multi-Party Democracy Fund, which funds parties from private sources, the act seeks to ensure that all represented political parties receive sufficient funds for their work in a fair and equitable manner.”
Ramaphosa is also happy with the readiness of state entities that will see to it that the law is implemented correctly.
Source: South Africa News Agency
In a historic development for transparency and accountability in South Africa, President Cyril Ramaphosa has determined that the Political Party Funding Act will come into operation on 1 April 2021.
This comes after the President signed a Proclamation on the Commencement of the Political Party Funding Act, 2018 (Act no. 6 of 2018), which regulates public and private funding of political parties.
“The Act establishes funds to provide political parties represented in Parliament and legislatures with funding to undertake their work. It also requires that donations be disclosed by parties and donors to the Independent Electoral Commission (IEC),” the Presidency said in a statement on Friday.
22 January 2021 - 10:00am
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In a historic development for transparency and accountability in South Africa, President Cyril Ramaphosa has determined that the Political Party Funding Act will come into operation on 1 April 2021.
President Ramaphosa signed a Proclamation on the Commencement of the Political Party Funding Act, 2018 (Act no. 6 of 2018), which regulates public and private funding of political parties. The Act establishes funds to provide political parties represented in Parliament and legislatures with funding to undertake their work. It also requires that donations be disclosed by parties and donors to the Independent Electoral Commission (IEC).
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. No member of a political party may receive a donati
Political Party Funding Act in effect from April 1
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Cyril Ramaphosa announced on Friday the implementation of the Political Party Funding Act, from April 1, to strengthen public confidence in the democratic political process and assert the right to information.
Once in effect, the new Act will among others require that private party funding information be made public.