Johannesburg - The Congress of SA Trade Unions (Cosatu) wants provisions in the political party funding law that does not require donations of up to R100 000 to be disclosed to the Independent Electoral Commission of SA (IEC) changed.
The union federation said it would later on Thursday make presentations at the IEC's public hearings on the new party funding law in Cape Town.
"It will not take a rocket scientist to figure out that they can then simply donate R99 000 to avoid disclosure. This ridiculous escape clause threatens to collapse the [political party funding] act's progressive objectives," the labour federation said in a statement.
"We are equally concerned that the regulations drafted by the IEC have reduced the act's sentencing provisions of up to five years in prison to a mere two years. In a season of systematic looting, this is unbelievable. It must be amended and brought in line with the act. We need more criminals in prison, not less. The IEC does not have the right to water down the act's anti-corruption sanctions."
The Political Party Funding Act seeks to regulate party funding and ensure that all political parties disclose private donations to promote transparency.