The Electoral Matters Amendment Bill amends the Political Party Funding Act passed in 2021, removing the R15 million a year limit on funding political parties may receive from external sources.
CAPE TOWN - President Cyril Ramaphosa has signed the Electoral Matters Amendment Bill into law, the final legislation needed to give full effect to this month's elections.
Its primary intention is to regulate donations to independent candidates in the same manner as political parties and to ensure they will also benefit from state and other funding once elected to office., removing the limit on how much funding political parties may receive from donors and they won’t have to declare it either.The new act will instead give the president the power to set a new limit and a new threshold.
The president, on Tuesday, also assented to the Second Adjustments Appropriation Bill, which provides an additional R200 million to represented political parties to campaign for this month's elections.
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