Julius Malema: EFF survives on money from Parliament, IEC and party levies

- in World News

EFF leader Julius Malema is adamant his party did not declare its funding sources to the Independent Electoral Commission (IEC) because it did not receive any donations above R100,000 between April and June this year.

Malema on Friday said the Red Berets had no donations to declare to the commission becuase they were surviving through funds received from Parliament, the IEC, and party levies.

“There is nothing to declare, they’re called donations. The EFF survived through the money of Parliament, through the IEC money, and through party levies.

“Party levies are what our public representatives contribute every month and that’s what makes the EFF survive. There’s nothing that came into the EFF coffers that is more than R100,000,” the EFF leader said, speaking to journalists in Alexandra.

The IEC released on Thursday its first quarterly report on political parties’ donations received from donors, in accordance with the new Political Party Funding Act.

The EFF, South Africa’s third-biggest party, was among 502 political parties that did not disclose any donations as legally required by the Act, which regulates the funding of parties.

The IEC said only the ANC, DA, and new political entrants, ActionSA, had made declarations totalling more than R30 million. The ANC, DA and ActionSA declared individual donations of R10.7 million, R15.9 million and R 3.3 million respectively.

According to the Political Party Funding Act, donors and all registered parties are legally obliged to disclose to the commission donations above the R100,000 threshold in a year. And no donations may be made by a single donor above R15 million in a year.

EFF financial statements
Malema said the EFF had nothing to hide about its funding sources and the IEC would receive the party’s audited financial statements to prove this.

“We are going to be audited and the audited financial statements will be sent to the IEC for the commission to satisfy itself,” he said.

Malema claimed the ANC was being funded by corrupt individuals and the DA by “white monopoly capital”. He said ActionSA was being funded by its president Herman Mashaba through his business interests.

“The ANC, as you know, its got its own companies [and] its own corrupt-related individuals. So, they will always make contributions.

“The DA is controlled and owned by white monopoly capital. A daughter of [Harry] Oppenheimer donated R15 million [to the DA], it comes from white monopoly capital. And you have Mashaba getting money from Black Like Me, donating to himself… So, the EFF leadership doesn’t have money and companies to donate to,” he said.

‘No crooked arrangement’
Malema also dismissed suggestions that there was any “crooked arrangement by the EFF” to hide its funding sources, saying even the IEC’s Multi-Party Democracy Fund failed to garner enough donations.

The fund received a single contribution from a member of the public, Paul Malcolm Graham. He made a contribution of R2,000 on 5 May.

“If the IEC, the most neutral institution, can’t get political funding from donors, what about a radical left political organisation that seeks to replace the ownership of the means of production by individuals, to ownership by the working class? No one will donate money,” Malema said.

The EFF leader was in Alexandra to encourage citizens to register ahead of the municipal elections set to take place on 1 November. He also put up posters of the EFF election manifesto launch, expected to take place at Gandhi Square in Johannesburg on 26 September.

-The Citizen

In other news – DJ Zinhle gave birth through C section – Baby’s gender revealed

The publication can confirm that DJ Zinhle and her boyfriend Murdah Bongz, real name Bongani Mohosana, have welcomed a baby girl.

DJ Zinhle

The publication has learned that Zinhle gave birth during a C section procedure to a healthy beautiful baby girl. A source close to the situation told the publication that the beaming mother is doing well and still in hospital and her man is by her side. Learn More

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