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- Moshal and Oppenheimers donated R149-million to political parties
- Fynbos Ekwiteit and Fynbos Kapitaal gave R65-million to DA
- African Rainbow Minerals and Harmony Gold split donations among parties
Billionaire businessman Martin Moshal and the Oppenheimers, Africa’s third-richest family, have donated a total of R149-million to political parties between April 2021 and December 2023. This amount constitutes one-third of the R437-million funding declared to the Electoral Commission of South Africa (IEC).
Investment companies Fynbos Ekwiteit and Fynbos Kapitaal, both of which have Capitec founder Michiel le Roux as a director, contributed 15% to the declared donations. Their entire amount of R65-million was given to the DA.
African Rainbow Minerals and Harmony Gold’s donations were split between the ANC (R5.85-million from each company), the DA (R2.12-million from each), the EFF (R1.1-million from each), the IFP (R344,000 from each) and Freedom Front Plus (R242,000 from each).
All political parties must declare any donation exceeding R100,000 to the IEC. The amount of R100,000 is cumulative, which means that donations from the same entity must add up to this amount before they can be declared.
— 14 March, 2024Subscribe to the weekly newsletter for more charts like this
