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Cope: Statement by the Congress of South African Trade Unions on political party allowances (29/04/2010)

29th April 2010


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/ MEDIA STATEMENT / The content on this page is not written by, but is supplied by third parties. This content does not constitute news reporting by

The Policy on Political Parties Allowances prescribed by Parliament to
all parties states the following:

8.14.1 (a) The financial statements must comprise a balance sheet as
at March 31 of every financial year (or other date if party ceases to
function or be registered)

8.15.1 A party must, before 30 May each year, submit audited financial
statements in respect of the application of its Constituency Allowance
for the year ending 31 March

It is not true that, as stated by the General Secretary and the Leader of the Party,

"audited books of the previous financial year are only expected from
political parties in September 2010 and un audited management accounts
only expected at the end of May 2010."

The President of COPE remains focused on having clean and transparent management of party business, and especially public funds. Responsible leadership can never allow the party to be in contravention of the Financial Management of Parliament Act (Act 10 of 2009).



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