Finweek English Edition - - Openers -

“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.

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