WHAT TAX­PAY­ERS GIVE

Finweek English Edition - - Openers -

THIS FI­NAN­CIAL YEAR the pub­lic purse will spon­sor po­lit­i­cal par­ties to the tune of R83 864 769.

That will be di­vided pro­por­tion­ally (90% on the ba­sis of seats held) and eq­ui­tably (10%, di­vided equally among par­ties). For many smaller par­ties it’s their ma­jor source of funds.

IFP leader Man­go­suthu Buthelezi says this money is a drop in the ocean com­pared with what the par­ties spend col­lec­tively. That’s es­pe­cially true in an elec­tion year.

For ex­am­ple, dur­ing the 2004 elec­tion cam­paign po­lit­i­cal par­ties spent 80% of their R66m/year al­lo­ca­tion be­tween Jan­uary and April on main­stream me­dia cam­paigns.

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