IFP Oppenheimer

IFP leader Velenkosini Hlabisa. Image: X/@IFP_National

IFP claims Oppenheimers gave the party R20m donation with ‘no conditions attached’

The affluent Oppenheimer family donated R20 million to the Inkatha Freedom Party (IFP), which the party declared to the IEC.

IFP Oppenheimer

IFP leader Velenkosini Hlabisa. Image: X/@IFP_National

Inkatha Freedom Party (IFP) leader Velenkosini Hlabisa says the R20 million donated by the Oppenheimer family, which is the third-richest in Africa, had no conditions attached to it.

Last Friday, the Independent Electoral Commission (IEC) released its latest report, which shows just how much political parties received in donations in the last quarter of the 2023/2024 financial year. In total, political parties declared a record R172 million. Notably, the affluent Oppenheimers and mining magnate and CAF president Patrice Motsepe, together with Main Street 1564 (Pty) Ltd, continue to donate millions to the country’s political parties.


As per the Political Party Funding Act, parties have to declare donations above R100 000.

In the last quarter of the 2023/2024 financial year, the IFP declared R20 million. An NF Oppenheimer (believed to be Nicky) and Jonathan Ernest Oppenheimer donated R10 million each to the IFP.

In an interview with Newzroom Afrika, IFP leader Velenkosini Hlabisa said the donation from Nicky and Ernest Oppenheimer did not come with any conditions. This is especially because the party and the affluent family have a long history.

“The Mangosuthu University of Technology (MUT) was a donation from Harry Oppenheimer to Prince Mangosuthu Buthelezi and there was no condition given except to assist black people. So, the donation we got was to enable the IFP to campaign so that its policies can get an opportunity to shape the life of the people of South Africa,” Hlabisa said.

IFP Oppenheimer
The donations that the IFP declared between 2021 and 2024. The Oppenheimer family is the party’s top donor. Source: Outlier


As mentioned above, political parties declared a record R172 million to the IEC. Here’s how much each party received (from most to least):

  • Democratic Alliance (DA) – R65 million
  • Change Starts Now – R35.8 million
  • Inkatha Freedom Party (IFP) – R20 million
  • African National Congress (ANC) – R16.7 million
  • Rise Mzansi – R15.1 million
  • ActionSA – R10.5 million
  • Economic Freedom Fighters (EFF) – R2.6 million
  • United Democratic Movement (UDM) – R2.2 million
  • Independent South African National Civic Organisation (ISANCO) – R1.6 million
  • Patriotic Alliance (PA) – R1 million
  • Vryheidsfront Plus (VF Plus) – R770 000
  • Able Leadership (AL) – R360 000
  • African Transformation Movement (ATM) – R120 000.


  • Democratic Alliance – The party declared the highest of all donations for the fourth quarter, declaring R65 074 359 from 24 different transactions. The IEC said among others, three separate donations of R10 000 each were received from Main Street 1564 (Pty) Ltd, Jonathan Ernest Oppenheimer and another individual reported to be his father NF Oppenheimer.
  • African National Congress – The ruling party declared R16 782 000 and two of the highest donations valued at R6 900 000 were from African Rainbow Minerals Limited and Harmony Gold Mining Company Limited. The companies are associated with Patrice Motsepe, who is also President Cyril Ramaphosa’s brother-in-law.
  • Economic Freedom Fighters – The red berets declared just R2 640 000 for the fourth quarter, and the money was from two companies associated with Patrice Motsepe. African Rainbow Minerals Limited and Harmony Gold Mining Company Limited each donated R1 320 000.