The Democratic Alliance has emerged as the biggest donor draw, according to the IEC’s latest Party Funding Disclosure Report for the second quarter of the 2023\/24 financial year.<\/p>\n\n\n\n
The party drew in close to R36.2 million in donor funding during the quarter, taking its total for the year so far up to R59 million.<\/p>\n\n\n\n
The second quarter donations to the DA accounted for 88% of all declared donations over the period, with the party securing funding from billionaire families – the Oppenheimers and the Le Rouxs.<\/p>\n\n\n\n
Six political parties made donation declarations, including Action SA, the ANC, the DA, the IFP, the PA and the Freedom Front Plus.<\/p>\n\n\n\n
The total declaration amounted to R41.1 million, including late donations of R778,309.<\/p>\n\n\n\n
The late donations declaration consists of three separate donations received by the ANC during the fourth quarter of the previous 2022\/23 fiscal year and the first quarter of the current 2023\/24 fiscal year.<\/p>\n\n\n\n
The ANC did not declare any donation for the second quarter.<\/p>\n\n\n\n
This is how much money was donated to the parties:<\/p>\n\n\n\n
The largest donation \u2013 to the DA \u2013 was received from an entity known as Fynbos Kapitaal Proprietary Limited.<\/p>\n\n\n\n
This entity is not to be confused with Fynbos Ekwiteit (Pty) Ltd, which also made a large donation to the party in the first quarter<\/strong><\/a>. Both entities are linked to billionaire Capitec founder Michiel le Roux<\/strong><\/a>, who frequently donates to the party.<\/p>\n\n\n\n The second largest donation came from an individual by the name of Mary Slack – philanthropist and daughter of Harry Oppenheimer – another billionaire family. <\/p>\n\n\n\n These two donors donated amounts of R15 million and R10 million, respectively, making up the bulk of the DA’s declarations.<\/p>\n\n\n\n However, other large donations were also declared by the party, including Martin Moshal (R5 million), D Barnes (R3 million) and an international entity known as the Danish Liberal Democracy Programme (R1.5 million).<\/p>\n\n\n\n The rest of the donations of individual amounts below the R1 million mark were received in a combination of monetary and in-kind donations from a number of individuals and one regular international donor, totalling just over R1.5 million.<\/p>\n\n\n\n Other parties<\/strong><\/p>\n\n\n\n ActionSA was the party to declare the second largest amount in donations – the two largest donations, constituting 86.8%, were received from two individual donors, namely; the party leader, Herman Mashaba (R2 million) and Martin Paul Moshal (R1 million), who is a regular donor to the party and has also donated to the DA.<\/p>\n\n\n\n