The Political Party Funding Act establishes a Multiparty Democracy Fund (MPDF) to raise and distribute donated funds from the private sector to represented political parties.
The Electoral Commission is mandated to administer the fund including to raise funds for the MPDF from corporate and private donors and to distribute these funds to parties represented in the national and provincial legislatures.
The Electoral Commission is entitled to charge the MPDF an administration fee which may not exceed 5 percent of the money credited to the fund in the previous financial year.
As is the case with the RPPF, funds from the MPDF are only available to political parties represented in the National Assembly or in any provincial legislature.
Funds from the MPDF are distributed according to the formula:
The Multiparty Democracy Fund may not accept donations from:
The use of funds from the MPDF may not be used:
Contributions into the Multi-Party Democracy Fund can be made by depositing in the following Bank Account.
Account Holder: Multi-Party Democracy Fund
Name of Bank: Standard Bank of South Africa
Account Number: 011168099
Branch Code: 000145
For further enquiries on making contributions in to the Multi-Party Democracy Fund, please feel free to contact Ms Boitumelo Ranyane on email: [email protected] or telephone: 012 662 5209.