WHAT COMPANIES ARE ALREADY DOING
ANGLOGOLD ASHANTI: “Our financial support for political parties is not to advance the company’s immediate, narrow commercial interests. In SA the company will therefore budget a sum each year – up to 10% of social responsibility spending – for distribution as donations to political parties.” STANDARD BANK: “With the view of an active and strong civil society being critical to a multi-party democracy, in 2004 the group departed from its initial policy not to make political donations. In 2004, R5m was donated towards the national election.
“Half was given to political parties according to representation in Parliament. The remaining 50% was distributed according to the same formula based on representation post the election.
“The group recently agreed to pay out R10m over the next five years to parties according to their representation in Parliament.”