News24 | A Setback for Democracy - MVC Slams Ramaphosa Doubling Amount of Money Parties May Receive

News24 | A setback for democracy - MVC slams Ramaphosa doubling amount of money parties may receive

A setback for democracy - this is how lobby group My Vote Counts (MVC) described the doubling of the limit and threshold for political donations, which means political parties can accept more money from donors, with less transparency.

Ramaphosa signs law raising political donations cap to R30m per year

By Akani Nkuna President Cyril Ramaphosa has signed into law amendments to the Political Party Funding Act, doubling the annual cap on private donations to political parties from R15 million to R30 million, and raising the disclosure threshold from R100 000 to R200 000. The amendments, adopted by the National Assembly in May this year and formalised in a government gazette, were justified by government on the basis of inflation. Ramaphosa’s asse…