According to the IEC’s latest Party Funding Disclosure Report for the second quarter of the 2023/24 fiscal year, the DA were the big winners. Photo: Democratic Alliance/ Facebook.
Billionaire South African families pour money into DA coffers
According to the IEC’s latest Party Funding Disclosure Report for the second quarter of the 2023/24 fiscal year, the DA were the big winners.
According to the IEC’s latest Party Funding Disclosure Report for the second quarter of the 2023/24 fiscal year, the DA were the big winners. Photo: Democratic Alliance/ Facebook.
According to the IEC’s latest Party Funding Disclosure Report for the second quarter of the 2023/24 financial year, the Democratic Alliance (DA) were the BIG winners.
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Of the total declaration sum of R41 093 473.53 for the second quarter, the DA drew R36 388 690.78 – a massive 89%.
Click HERE to read the full Q2 IEC’s latest Party Funding Disclosure Report
The total amount included late donations totalling R778 309.
That late donations declaration figure consisted of three separate donations received by the ANC during the fourth quarter of the previous 2022/23 fiscal year as well as the first quarter of the current 2023/24 fiscal year.
The ANC did not declare any donation for the second quarter.
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The DA’s total for the year now stands at R59 289 851.87 with the official opposition having received R22 901 161.09 in Q1.
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Two standout amounts received by the John Steenhuisen-led DA were from two of South Africa’s richest families – the Oppenheimers and the Le Rouxs.
The largest donation of R15 million to the DA was received from an entity known as Fynbos Kapitaal Proprietary Limited which is linked to billionaire Capitec founder Michiel le Roux.
The second largest donation of R10 million came from Mary Slack, daughter of Harry Oppenheimer.
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In total SIX political parties made donation declarations, namely Action SA, the ANC, the DA, the Inkatha Freedom Party (IFP), the Patriotic Alliance (PA) and the Freedom Front Plus (FF Plus).
BREAKDOWN OF PARTY DONATIONS FOR Q2
| DA | R36 388 690.78 |
| Action SA | R3 458 000.00 |
| ANC | R778 309.00 |
| PA | R225 000.00 |
| FF Plus | R131 000.00 |
| IFP | R112 473.75 |
| TOTAL | R41 093 473 53 |
