The Electoral Commission embarks on nationwide training of political parties on the preparation of Annual Financial Statements in terms of the Political Party Funding Act
The Electoral Commission of South Africa is embarking on a nationwide training for all political parties on the preparation of Annual Financial Statements in terms of Political Party Funding Act, which came into effect on 01 April 2021.
The objective of the training of representatives of political parties represented and unrepresented in the national and provincial legislatures is to achieve a common understanding of audit requirements in terms of the Party Funding Act.
The training sessions are also designed to assist political parties and their auditors to clearly understand what is required from them in the preparation, auditing and submission of their first ever annual financial statements.
In terms of section 12 of the Act, a registered political party, regardless of its representation status, has a duty to account for all income received by that political party, and must prepare a statement showing all donations and membership fees, and any levy imposed by the political party on its elected representatives during that financial year.
The said statements are also required to be submitted to an external auditor for auditing purposes.
The following sessions are scheduled to take in the provinces listed below. An additional virtual session will be scheduled once the physical sessions are concluded.
The first batch of training sessions will be held as follows:
Limpopo
Venue: The Ranch Hotel, Polokwane
Contact:
Motsiri Ramafalo
082 548 2134 or RamafaloM@elections.org.za
Western Cape
Venue: Cape Town
Contact:
Noluvo Plaatjie
084 700 9191 or Plaatjien@elections.org.za
North West
Venue: Mahikeng Protea Hotel
Contact:
Kelebogile Maleshane
073 077 5543 or Maleshanek@elections.org.za
Unrepresented Political Parties
23 May 2022: 09h00 – 12h00 Represented Political Parties
27 May 2022: 09h00 – 12h00
Unrepresented Parties:
27 May 2022: 14h00 – 17h00 Unrepresented Political Parties
25 May 2022: 13h00 – 17h00
The Electoral Commission will communicate details for the training sessions in other provinces.
For media queries: Please contact Kate Bapela on 082 600 6386
For media interviews: Please email requests to spokesperson@elections.org.za
