South Africa's two biggest political parties – the ANC and DA – were the only parties to declare donations in the fourth quarter of the 2021-2022 financial year.
The ANC received R10 million, according to a statement from the Electoral Commission of South Africa. The statement didn't explain who the ANC's donors were – this information was due to be provided later on Monday.
"All of DA's declared donations, except for one, were received from foreign donors – the FNF and Danish Liberal Democracy Programme . The combined value of these foreign donations is R 2 405 387.72, constituting 95% of the total value of donations declared by the DA during the fourth quarter," reads the IEC's statement.
"Noting that the fourth quarter disclosure period was immediately after the local government elections, it appears that there is a nexus between the number and total value of donations and the election cycle. The more imminent the elections, the more likely that parties will receive significant donations.
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