Ad Hoc Committee approves Political Party Funding Bill of 2017
28 November 2017
The Ad Hoc Committee on the Funding of Political Parties, established by a resolution of the National Assembly on 6 June 2017 in terms of Rule 253(1)(a), has today approved the Political Party Funding Bill of 2017.
The 11-member multiparty Committee was charged with inquiring into and making recommendations on the funding of political parties represented in national and provincial legislatures, with a view to introducing amending legislation, if required.
It was to consider a model of public and private funding for political parties and the desirability of regulating private funding in all its forms, including investment entities owned by political parties.
Thus, having reviewed the Public Funding of Represented Political Parties Act, No. 103 of 1997 and its regulations, the Committee has recommended for a repeal of the existing legislation and has developed a new framework to address the weaknesses identified.