Political Party Funding Act: Regulatory Amendments Gazetted
Brought to you by SA Legal Academy: Substantive amendments to the regulations under the Political Party Funding Act, No. 6 of 2018, have been gazetted and are now in force.
In terms of the Political Party Funding Act, No. 6 of 2018, the revised regulations follow a draft version released for public comment in October 2024. These amendments introduce substantive changes to the regulatory framework governing the funding of political parties and the disclosure of private donations in South Africa.
The updated regulations focus on the administrative and disclosure requirements for entities and individuals providing financial support to political organisations. The gazetted amendments are effective immediately, requiring immediate alignment from affected parties regarding the reporting of funding sources and the management of the Multi-Party Democracy Fund.
What this means for you, your business, or your clients
- For yourself: No direct individual obligations; impact is channelled through professional advisory roles or firm-level compliance for those dealing with political entities.
- For your business: Compliance departments must update internal donation-tracking protocols to ensure that any corporate contributions to political parties adhere to the revised disclosure requirements under the Political Party Funding Act, No. 6 of 2018.
- For your clients: Political parties and independent candidates must ensure that all private donations are recorded and reported in strict accordance with the newly gazetted regulatory forms and procedures to avoid non-compliance penalties.
Originally published at https://legalacademy.co.za/news/read/political-party-funding-regulatory-amendments-gazetted