27. Are there provisions requiring donations to go through the banking system?

South Africa

South Africa

Answer
Yes
Source

12. (1) A political party must—

(a) deposit all donations received by that political party, membership fees and levies imposed by the political party on its representatives into an account with a bank registered as a bank in terms of the Banks Act, 1990 (Act No. 94 of 1990), in that political party’s name;

(b) keep a separate account with a bank registered as a bank in terms of the Banks Act, 1990 (Act No. 94 of 1990), into which all money allocated to it from the Funds must be deposited;

Article 12, Political Party Funding Act (PPFA), 2018.

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