Politician Profile Page
Finance Standing Committee
SAA Board Chair contract extension; Treasury & SARS Quarter 1 Report, with Minister & Deputy; Office of Tax Ombud: delayed refunds investigation
13 Sep 2017
The South African Airways (SAA) presented its first quarter expenditure and performance report for the financial year 2017/18, in the presence of the Deputy Minister. SAA was expected to lay emphasis on progress made in the implementation of its turnaround strategy and corporate plan since its last appearance before the ...
Finance Standing Committee
Insurance Bill: deliberations
12 Sep 2017
The Committee met with Treasury and the Financial Services Board for further deliberations on the Insurance Bill. The Bill was built on the Twin Peaks model of financial regulation envisaged in the Financial Sector Regulation Act (FSRA) in respect of prudential supervision. It provided a consolidated legal framework for the ...
Finance Standing Committee
Transformation of the Financial Sector: Committee Report
6 Sep 2017
The Standing Committee on Finance and the Portfolio Committee on Trade and Industry, together with National Treasury, deliberated on the Transformation of the Financial Sector Draft Committee Report. The draft report was work in progress and would be sent to the participants for feedback before being finalised. Many of the ...
Finance Standing Committee
Health Promotion Levy (Rates and Monetary Amounts and Amendment of Revenue Laws Bill): discussion
5 Sep 2017
National Treasury, together with the Beverage Association of South Africa, the Congress of South African Trade Unions, South African Sugar Association and the Healthy Living Alliance, gave an update on ongoing engagements between government and the National Economic Development and Labour Council (NEDLAC) on the Health Promotion Levy (HPL).
National ...
Finance Standing Committee
Insurance Bill: National Treasury & FSB briefing on proposed amendments
22 Aug 2017
National Treasury took the Committee through amendments to the Insurance Bill, 2016. The Bill was built on the Twin Peaks model of financial regulation envisaged in the Financial Sector Regulation Bill (FSRB) in respect of prudential supervision. It provided a consolidated legal framework for the prudential supervision of insurers as ...
Finance Standing Committee
South African Airways (SAA) on its Quarter 1 performance, with Minister
4 Aug 2017
The South African Airways (SAA) presented its quarterly report in the presence of the Minister of Finance, Mr Malusi Gigaba.
Minister Gigaba indicated that Mr Vuyani Jarana, an Executive at Vodacom, had been appointed as SAA CEO. The newly appointed CEO would need to be fully supported as he was ...
Finance Standing Committee
Money Bills Amendment Procedure and Related Matters Amendment Bill: public hearings
2 Aug 2017
The committees heard public submissions on the Money Bills Amendment Procedure and Related Matters Bill.
Dr Sean Muller, Senior Lecturer: School of Economics & Public and Environmental Research Centre, University of Johannesburg, in submitting, queried the timing of the oversight process stipulated by the Act. The Money Bills Act was ...
Finance Standing Committee
South African Reserve Bank briefing
1 Aug 2017
The South African Reserve Bank (SARB) presented its annual report, and indicated that financial stability and prudential monetary policymaking were key aspects of its mandate. Ensuring price stability or low inflation was a traditional function of central banks, but monetary policy could not entirely determine the long term growth potential ...
Finance Standing Committee
Money Bills Amendment Procedure and Related Matters Act
28 Jun 2017
The Constitutional and Legal Services Office took the joint committees through changes to the Money Bills Amendment Procedure and Related Matters Act, which were made after instructions received from the Joint Workshop held on 13 June 2017.
The main highlights of the input by Members were the Democratic Alliance’s concern ...
Finance Standing Committee
South African Airways (SAA) Quarterly Performance: briefing postponed
27 Jun 2017
The South African Airways (SAA) was expected to present its fourth quarter report before the Committee. However, the majority of Members expressed concern about the absence of SAA board members. Also, the Committee was dismayed by the quality of the SAA quarterly report which it could not process.
The majority ...