WHY was the ANC fined by Electoral Court ahead of voting day?

With just two weeks to go to the 29 May General Elections, the ANC have been fined by electoral court for not disclosing their finances. Image: File/FotorWith just two weeks to go to the 29 May General Elections, the ANC have been fined by electoral court for not disclosing their finances. Image: File/Fotor

Therefore, the Electoral Court in Bloemfontein ordered the African National Congress and a number of other political parties to pay fines ranging between. By the standards of the millions each party receives in private funding, the fines are but a drop in the ocean. The Political Parties Funding Act came into effect in 2021. It decrees that every registered political party must keep records of their income/funding. This includes private donations and membership fees. And any donation which exceedsmust be disclosed to the IEC. Moreover, every registered political party must appoint an accounting officer and an auditor to keep proper records and comply with all disclosure dates.

Law Law Latest News, Law Law Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Electoral Court fines ANC, ATM, COPE, PAC, NFP and AICOn 10 May, the Electoral Court in Bloemfontein ordered a number of political parties to pay administrative fines of R10,000 and R40,000.
Source: TheCitizen_News - 🏆 6. / 75 Read more »

Here’s why Electoral Court overturned IEC’s decision to bar Zuma’s candidacyFormer Jacob Zuma was allowed to stand as a candidate for Parliament due to the MK party leader being unable to appeal his prison sentence.
Source: TheCitizen_News - 🏆 6. / 75 Read more »