Party fi­nanc­ing must be open to the pub­lic – ANC

The Star Early Edition - - BUSINESS REPORT -

PO­LIT­I­CAL party fi­nances must be open to pub­lic scru­tiny and must sup­port trans­parency, ac­count­abil­ity, and strength­en­ing democ­racy, ANC trea­surer gen­eral Zweli Mkhize said yes­ter­day. The ANC had, in line with the in­vi­ta­tion of the par­lia­men­tary ad hoc com­mit­tee on the fund­ing of po­lit­i­cal par­ties, made a sub­mis­sion to par­lia­ment on mat­ters re­lat­ing to the re­view and strength­en­ing of po­lit­i­cal party fund­ing, Mkhize said. “In our sub­mis­sion and in ac­cor­dance with the ANC’s 52nd and 53rd na­tional con­fer­ence res­o­lu­tions, the ANC calls for the reg­u­la­tion of pri­vate fi­nanc­ing of po­lit­i­cal par­ties, fi­nan­cial trans­parency of po­lit­i­cal par­ties, and en­hanced pub­lic fund­ing for ac­tiv­i­ties that pro­mote and sup­port democ­racy,” he said. Trans­parency was nec­es­sary to in­crease pub­lic con­fi­dence in the demo­cratic sys­tem, he said. – ANA

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