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Finance Standing Committee
General Laws (Anti-Money Laundering and Combatting Terrorism Financing) Amendment Bill: National Treasury response to further public submissions
28 Oct 2022
The Portfolio Committee on Finance met with National Treasury, the Financial Intelligence Centre (FIC) and stakeholders on a virtual platform.
National Treasury and the FIC presented their responses to the second round of public submissions on the General Laws (Anti-Money Laundering and Combatting Terrorism Financing) Amendment Bill.
In light ...
Finance Standing Committee
2022 MTBPS: National Treasury briefing, with Minister
27 Oct 2022
2022 Medium-Term Budget Policy Statement (MTBPS)
In a joint meeting with the Standing Committee on Appropriations and the Select Committees on Finance and Appropriations, the Committee received a briefing from the Minister of Finance and National Treasury about the 2022 medium-term budget policy statement, which the Minister had tabled ...
Finance Standing Committee
Financial Matters Amendment Bill: Matters concerning the Land Bank, with the Deputy Minister
19 Oct 2022
In a virtual meeting, National Treasury, led by the Deputy Minister, briefed the Committee on the current situation and proposals from government on the Land and Agricultural Development Bank of South Africa (Land Bank). The Chairperson of the Land Bank provided an update on its performance.
The presentation by ...
Finance Standing Committee
General Laws (Anti-Money Laundering and Combatting Terrorism Financing) Amendment Bill: National Treasury response to public submissions
18 Oct 2022
In this virtual meeting, National Treasury and the Financial Intelligence Centre briefed the Committee on their responses to the public submissions of the General Laws Amendment Bill (Anti-Money Laundering and Combating Terrorism Financing).
A presentation detailed the responses to specific and general comments of 43 stakeholders. The majority of ...
Finance Standing Committee
General Laws (Anti-Money Laundering and Combatting Terrorism Financing) Amendment Bill: public hearings
11 Oct 2022
The Committee convened a virtual meeting to hold public hearings on the General Laws (Anti-Money Laundering and Combatting Terrorism Financing) Amendment Bill [B18-2022] (“General Laws Bill”).
The Bill was tabled in Parliament so the country can avoid the economic ramifications of greylisting by the Financial Action Task Force. The ...
Finance Standing Committee
2022 Tax Bills: Treasury & SARS response to public submissions
21 Sep 2022
2022 Draft Taxation Laws Amendment Bill (TLAB)
2022 Draft Tax Administration Laws Amendment Bill (TALAB)
In a virtual meeting, National Treasury and the South African Revenue Service (SARS) provided a response to submissions received from businesses during public hearings on the proposed amendments to tax legislation. The ...
Standing Committee on Appropriations
Municipal Revenue Management Improvement Programme Underspending; Integrated Financial Management System Implementation
21 Sep 2022
In a virtual meeting, the Standing Committee was briefed by National Treasury on the underspending in the municipal revenue system. The Department outlined the tax laws and amendment bills that deal with remaining Treasury budget proposals.
At the heart of the failure is the municipalities’ failure to collect what ...
Standing Committee on Appropriations
DFFE preliminary budget expenditure; with Minister
20 Sep 2022
The Standing Committee on Appropriations was briefed in a virtual meeting by the Department of Environment, Forestry and Fisheries on their budget expenditure, and the performance plan and strategies to improve their performance.
The Department expressed their disappointment with their performance, particularly the under-spending of their budget. They committed ...
Finance Standing Committee
2022 Rates Bill & Revenue Bill: National Treasury response to public submissions
20 Sep 2022
Draft Rates and Monetary Amounts and Amendment of Revenue Laws Bill
2022 Draft Revenue Laws Amendment Bill (Revenue Laws Bill)
The Committee would receive a briefing from National Treasury (NT) on its response to the public submissions on the 2022 Draft Rates and Monetary Amounts and Amendment of Revenue Laws ...
Standing Committee on Appropriations
Impact of government’s support interventions to businesses: PBO & DSBD briefings; with Minister
16 Sep 2022
The Standing Committee for Appropriations met virtually to consider briefings by two entities on the support they provide to the business community in South Africa. The first briefing was by representatives of the Department of Small Business Development (DBSD) on the programmes of the Small Enterprise Finance Agency and ...