The affordable education loan option
By Angela Quintal
The National Democratic Convention (Nadeco) has been penalised for failing to account for the public funds it received in the 2006/07 financial year, according to the electoral commission.
Nadeco and the now defunct Progressive Independent Movement (PIM) failed to provide audited financial statements as required by law, resulting in the Represented Political Parties' Fund receiving a qualified audit from Auditor-General Terrence Nombembe.
Nadeco, with eight public representatives, received R896 235 from the public purse for the financial year ending in March 2007, while PIM, with one MP, received R85 755.
Both parties were formed during the 2005 floor-crossing period.
Independent Electoral Commission chief electoral officer Pansy Tlakula said PIM had subsequently submitted its audited statements and no further action was taken against the party.
PIM was formed by then DA MP Craig Morkel, who has since defected to the ANC.
The commission had moved to recover the funds from Nadeco, Tlakula said.
The commission is obliged in terms of the Public Funding of Represented Political Parties Act, to recover money irregularly spent.
It may do so by instituting a civil claim for the amount irregularly spent, against the accounting officer of the political party; or setting off the amount irregularly spent against any allocation that may be or may become payable to the political party, she said.