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IEC: Political party funding should be regulated

The IEC is on Thursday afternoon briefing Parliament's Ad Hoc Committee tasked with reviewing the way political parties are funded.

Party representatives of South Africa's thirteen political parties represented in parliament gather to take a selfie after they signed their pledges to abide by the IEC's code of conduct during the 2016 local government elections. Picture: Reinart Toerien/EWN

CAPE TOWN - The Independent Electoral Commission (IEC) says the private funding of political parties should be regulated and that foreign donations should either be banned or strictly limited.

The IEC is on Thursday afternoon briefing Parliament's Ad Hoc Committee tasked with reviewing the way political parties are funded.

IEC deputy chairperson Terry Tselane says there are no limits on how much money parties can receive or spend and they don't have to disclose any information about private donations or their investment vehicles.

“Consequently, the public is not informed about where political parties get a large share of their money from or how they spend it. This clearly goes against international practice which commonly regulates private income."

Tselane's also told Members of Parliament that the way public funds are divided up between parties is unfair because it favours bigger parties, while parties not represented in Parliament or provincial legislatures aren't covered.

(Edited by Zinhle Nkosi)