The Democratic Alliance (DA) received R62 million in donations for its campaign in the SA Elections 2024, making it the top-funded party according to the Electoral Commission‘s (IEC) latest disclosure report.
SA Elections 2024: Democratic Alliance pulls the most donations
In the fourth quarter of the 2023-24 financial year, the DA emerged as the party with the highest declared donations.
The IEC’s report, covering the period from 1 January to 31 March 2024, revealed that the DA secured a total of R65,074,359.39.
The report also highlighted that this quarter saw a record-breaking total of R172,069,959.39 in declared donations across all political parties, marking the first time donations surpassed R100 million in a single quarter since the inception of the Party Funding Act.
Declared donations: Here’s how much each party pulled in funding
Thirteen political parties declared donations during this quarter.
Apart from the DA, other notable parties and their declared donations included:
- African National Congress (ANC): R16,782,000
- Inkatha Freedom Party (IFP): R20,000,000
- Economic Freedom Fighters (EFF): R2,640,000
- ActionSA: R10,525,000
- Rise Mzansi: R15,100,000
- Change Starts Now: R35,820,000
Smaller parties like the African Transformation Movement (ATM), Independent South African National Civic Organisation (ISANCO), and others also declared varying amounts, contributing to the cumulative total.
Here’s who donated funds to the ANC, DA and EFF
The DA’s largest donations came from a mix of prominent individuals and entities:
- Main Street 1564 (Pty) Ltd: R10,000,000
- Jonathan Ernest Maximillan Oppenheimer: R10,000,000
- N.F. Oppenheimer: R10,000,000
- Martin Moshal: R8,000,000
- Section 48 of Flat 405 San Michele Clifton (Pty) Ltd: R6,000,000
- Gap Infrastructure Corporation (Pty) Ltd: R10,000,000 (combined from multiple donations)
- African Rainbow Minerals Limited and Harmony Gold Mining Company Limited: R2,520,000 each
- Naspers Limited: R2,000,000
The ANC received substantial contributions from entities linked to Patrice Motsepe:
- African Rainbow Minerals Limited: R6,900,000
- Harmony Gold Mining Company Limited: R6,900,000
- Naspers Limited: R2,000,000
- Erets: R472,000
- Boukontrakteurs: R510,000
The EFF’s declared donations included:
- African Rainbow Minerals Limited: R1,320,000
- Harmony Gold Mining Company Limited: R1,320,000
