Political parties received record amounts of donations from January to March before the election. (Javier Guerci/Getty Images)
Illustrating the highly anticipated and highly contested nature of the May 29 election, donations received by political parties in the first three months of the calendar year reached unprecedented levels, with the DA raising a whopping R65 million .
The IEC on Friday announced donations for the period January 1, 2024 to March 31, 2024, saying that donations declared during the quarter were “clearly at levels never seen before.” reached,'' he said.
“For the first time since the enactment of the Party Funding Act, declared donations exceeded R100 million in a quarter. Total of quarterly disclosures reported during the previously reported quarter and each of the last two financial years (2021/22 and 2022/23). ”
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