Speaker, I want to thank the member who congratulated Mr Kosie Louw on his election as chairperson of the Global Forum on Transparency and Exchange of Information for Tax Purposes. This is a vote of confidence in our systems and South Africa as a country. We are certain that the two years of South Africa's chairmanship will also be beneficial not only to the forum but also to the wider global tax administration community.
As a country, we are the first African chair of the forum, as we take over from Australia. We believe that optimum transparency and exchange of information are critical for improving tax compliance and increasing the prospects for revenue collection at a time when most countries face fiscal constraints. International co-operation in tax administration is vital in an era of rapid movement of money and people across our borders. We also want to reaffirm our commitment and congratulate Mr Kosie Louw in return. Thank you. [Applause.]
Hon Minister Sisulu. Since when have you become Sisulu? [Laughter.]