OP-ED: Mandatory registration requirement in money-laundering and terrorist financing bill will badly hurt SA non-profits

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OP-ED: Mandatory registration requirement in money-laundering and terrorist financing bill will badly hurt SA non-profits
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This is a perspective and plan for action around the Bill with a really long name (“The General Laws Amendment (Anti Money Laundering and Counter Terrorist Financing) Bill”) which was released for public comment on 27 September 2022 with only 8 business...

I have spent my entire professional life in service of non-profits and seen up close the breadth and depth of the work being done and the audacity, innovation, unstoppable positivity and energy of these people who give their lives to serve a greater good.

The Bill in its current form does not target the corrupt and the treasonous who may be hiding in some non-profits, but instead takes broad aim at the whole of the non-profit communitytrusts, companies or other associations of persons established for a public purpose. And it includes mandatory registration of foreign non-profits ‘operating’ in South Africa.

South African non-profits receive an estimated R17,2 billion of foreign funding each year to perform the crucial work that government is not capable of, or is simply neglecting. Delays, or decrease of this funding is not tenable for a sector already hard hit by the increasing costs and evermore urgent for their work.

for purposes such as charitable, religious, cultural, educational, social or fraternal purposes, or for the carrying out of other types of “good works”.” the NPO Directorate sits inside a government department which is not trusted by and is inappropriate for a wide part of the non-profit sector;

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

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