Johannesburg - The ANC’s four-day “festival of ideas” came at a cost – the price tag was a cool R40 million. That’s according to ANC treasurer-general Mathews Phosa, who told The Sunday Independent the sum covered the cost of hiring the Gallagher Convention Centre, all accommodation, meals for the more than 3 500 delegates and also their transport from the different regions.
He said the ANC had paid all its bills “in cash”, adding that while delegates paid a token contribution for being there, donors – who were unnamed – had been “generous”.
Ironically, one of the issues up for discussion at the policy conference was party political funding.
SA is one of the few countries on the continent that gives political parties public funds, for which they have to account in detail, according to the Electoral Institute of SA.
But the private funding of political parties is not regulated – and largely hidden from view, as there are no rules that compel any party to reveal the name of a donor or the amount of money involved.