The ANC has scored the biggest chunk of the R133.6 million election budget managed by the Independent Electoral Commission (IEC), according to Times Live.
The IEC manages the Represented Political Parties’ Fund, which provides funding for political parties participating in Parliament and provincial legislatures.
The fund is split among South Africa’s political parties which are represented in the National Assembly or in any provincial legislature – or both in the National Assembly and in any provincial legislature.
The fund isn’t split evenly, however, and is distributed according to size.
For 2016, 15 parties listed under the IEC will share R133.7 million in this year’s party funding, an increase of about R5.9-million from the previous financial year.
This is how the fund was allocated among the top parties for the current financial year:
- ANC – R79.4 million
- DA – R28.9 million
- EFF – R10.8 million
Political parties also obtain funds from their members and from other sources, such as business (both local and foreign) and civil society groupings.
It is common in South Africa for parties to obtain funding by selling party-branded apparel.
Financial contributions given to parties are known as direct funding, while contributions in kind (e.g. voluntary work or free office space, advertising, equipment or printing facilities) are known as indirect funding.
Source: Business Tech