AngloGold Ashanti announces party political donations for South Africa's 2009 election
The board of AngloGold Ashanti has approved the donation of a total of R4 million to a number of parties competing in South Africa's 2009 general election. The apportionment of the available funding is as follows:
African National Congress - R2,000,000
Democratic Alliance - R800,000
Congress of the People - R500,000
Inkatha Freedom Party - R500,000
Independent Democrats - R100,000
United Democratic Movement - R 100,000
The decision was made within the framework of the company's policy on political donations, which was approved by the board in 2003.
This policy states that the company's purpose in funding political parties is: