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Standing Committee on Auditor General
Appointment of the External Auditor for AGSA; Committee Reports
24 Nov 2017
There was a briefing by the Chairperson of the Audit Committee of AG on the appointment of the External Auditor. The AG was really struggling to get a new external auditor and one of the reasons for that was because the AG is contracted to a lot of private firms. There ...
Standing Committee on Appropriations
Adjustments Appropriation Bill: National Treasury briefing
22 Nov 2017
The joint meeting of the Standing and Select Committees was for a briefing on the 2017 Adjustment Appropriation Bill, but the first hour was taken up by a discussion regarding the legalities of the meeting. The Democratic Alliance (DA), making reference to the Money Bills and Amendment Procedures and Related ...
Standing Committee on Appropriations
SAA Board and Executive on its future strategies and recapitalisation
21 Nov 2017
The R10 billion injection given to SAA would never take the airline to the desired positive equity position.
This is what SAA told the Standing Committee on Appropriations when briefing Parliament on its long-term strategy and funding. Finding an equity partner would be crucial for returning the airline to profitability. ...
Standing Committee on Auditor General
Review of Public Audit Act: National Treasury on proposed amendments + Auditor General response
17 Nov 2017
The Committee received briefings from National Treasury on its proposed amendments to the Public Audit Act, while the Auditor General of South Africa (AGSA) was asked to provide a response to the proposals that had been made.
Treasury reported that it had already provided proposed amendments to the Public Audit ...
Standing Committee on Appropriations
SAA debt relief & recapitalization: public submissions
17 Nov 2017
The Committee engaged stakeholders on South African Airways’ (SAA) challenges and the way forward in dealing with same.
Mr Thabang Motsohi unpacked SAA’s operating context and made suggestions on what could be done to take the airline forward. He emphasised that clarity of purpose was the first task to undertake ...
Standing Committee on Auditor General
Review of the Public Audit Act: seeking permission to proceed with amendments to Act
16 Nov 2017
The Committee met to approve to a new amendment to the Public Audit Act. The new provision would provide for the Auditor-General of South Africa (AGSA) and National Treasury (NT) to annually agree on the amount of audit fees that could be defrayed from Treasury.
In addition, the Committee approved ...
Standing Committee on Appropriations
SAA & South African Post Office Recapitalisation: FFC & Treasury briefing
15 Nov 2017
The Committee received briefings from the Financial and Fiscal Commission (FFC) and National Treasury on the debt relief and recapitalisation of South African Airways (SAA) and South African Post Office (SAPO). This required additional appropriations of R13.5 billion to SAA and SAPO during the October 2017 Adjustment Budget.
FFC was ...
Standing Committee on Appropriations
2017 MTBPS: Financial and Fiscal Commission submission
7 Nov 2017
The Financial and Fiscal Commission briefed the Committee on the 2017 Medium Term Budget Policy Statement. The main problem, currently, was that the 2017 Medium Term Budget Policy Statement was formulated against a backdrop of an economy mired in low growth, which acted as a dead weight on the country’s ...
Finance Standing Committee
Pre-MTBPS briefing by Parliamentary Budget Office
24 Oct 2017
The Standing Committees on Finance and Appropriations together with the Select Committees on Finance and Appropriations were briefed by the Parliamentary Budget Office (PBO) on the pre-Medium Term Budget Policy Statement (MTBPS). The briefing was meant to assist Members in identifying focus areas in relation to the MTBPS presentation by ...
Standing Committee on Auditor General
Auditor-General of South Africa 2016/17 Annual Report; Review of the Public Audit Act: consideration
20 Oct 2017
The Parliamentary legal team came before the Committee to brief Members on the proposed amendments to the Public Audit Act. The team took the Members through the various proposed amendments, but no substantive changes were effected after consideration and discussion of the relevant sections of the Bill. The Auditor General ...