IDASA’S RULES TO GIVE BY
“DISCLOSURE means the public can decide whether a company has received a benefit or undue reward as a result of any donation. Clear policy reduces suspicion.” – Judith February. • Only give to parties registered with the Independent Electoral Commission. • Make policy on political
donations public. Put a financial limit on political donations over a certain period. Consider setting a ceiling for donations to any one party. Avoid donating willy-nilly for unspecified purposes. Consider giving only to specific projects, such as research, opinion-polling, training of electoral candidates, workshops and meetings of party members. • No hard cash payments. Insist on paying into a designated bank account in the name of the political party. Specify the terms and conditions for loans – particularly repayments – clearly. Calculate in-kind contributions according to com- mercial or market value and declare accordingly. All donations above a certain annual (Idasa recommends R50 000) threshold should be declared. Instead of making the declarations in their annual reports, companies could maintain an online register of all political donations.