IEC to implement Political Party Funding Act ahead of local elections Share With the Political Funding Act expected to come into effect on April 1, the first quarterly report on political funding donations is expected to be presented before South Africans head to the polls to vote in the local government elections. The IEC on Wednesday thrashed out finer details of how the Act will govern what many hope will mark the beginning of greater transparency in who funds political parties. The Act was signed by President Cyril Ramaphosa last year. The IEC had to set-up a mechanism of conducting its new powers and administrative duties to ensure the act is adhered to.