South Africa’s president Cyril Ramaphosa has Just signed a new party funding Bill.
The Party Funding Bill, which was widely applauded, is viewed as a step that will improve transparency in the murky world of party funding.
In an official a statement on Tuesday in response to the signing, the African National Congress said it welcomed the move. “The ANC has consistently supported the principle of regulating funding for political parties.
We view this as an important milestone in strengthening our democracy and enhancing transparency as a cornerstone of our democracy,” the statement reads.
“We are encouraged that this law is a practical expression of the ANC’s unwavering commitment to the constitutional values of fairness, equity, accountability and transparency. We have no doubt that this law provides the country with an opportunity to deepen our democracy and usher in a new culture of transparent funding for political parties.”
Prior to the signing of this bill, some political party’s’ funding was often shrouded in some sort of controversies.