The Political Party Funding Act (6 of 2018), which compels political parties to disclose their sources of funding for amounts above R100 000, has come into effect. The Electoral Commission of South Africa (IEC) said on Wednesday it is pleased it is “all systems go” for the Act to be operational from the beginning of April. President Cyril Ramaphosa signed the Act into law on 22 January 2019 and promulgated it in February this year. The Act regulates the public and private funding of political parties with the aim being to establish transparency and trust between the public and political parties. “The implementation of the Act introduces a new era of transparency within South Africa’s electoral democracy, mandating all political parties to disclose donations above R100 000 to the electoral commission. The Act also sets restrictions on sources of funding for political parties,” the IEC said.