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NCOP Finance
Financial Sector Regulation Bill & Committee Report on Bill: adoption
10 May 2017
The Committee met for the formal consideration and adoption of the Committee Report on the Financial Sector Regulation Bill.
Members firstly considered the “C” version of the Bill where the focus was specifically on the constitutionality of clause 137. National Treasury was of the view that the entire Bill was ...
NCOP Appropriations
Division of Revenue Bill [B4-2017]: final mandates
9 May 2017
Final mandates on the Division of Revenue Bill were received from eight provinces and they all approved the Bill. The outstanding mandate was from Free State, which was only going to consider its mandate later that day.
The draft Committee Report on the Division of Revenue Bill was considered ...
NCOP Appropriations
Division of Revenue Bill [B4-2017]: negotiating mandates
3 May 2017
The Select Committee of Appropriations met to consider the negotiating mandates on the Division of Revenue Bill. All 9 provincial legislatures supported the bill; however the delegates voiced concern about specific issues. Three key issues emerged: first, a general concern regarding the equitable share formula; second, the requirement of additional ...
NCOP Finance
Financial Sector Regulation Bill: deliberations
3 May 2017
National Treasury had effected some changes to the Financial Sector Regulation Bill (the Bill) as a result of comments raised at previous meetings, but still wanted to present those changes formally to the Committee and deal with a couple of other issues. For this reason, officials from National Treasury took ...
Joint Standing Committee on Financial Management of Parliament
Parliament’s 2016/17 mid-year performance; Committee’s 2nd term programme, NEHAWU Letter
16 Mar 2017
The Joint Standing Committee on the Financial Management of Parliament adopted the draft report the on Parliament mid-year performance for the 2016/17 period and considered its second term programme. The Committee further discussed why the Secretary of Parliament did not appear before the Committee to answer on issues the Members ...
NCOP Appropriations
Division of Revenue Bill [B4-2017]: SALGA submission; Committee Report on Western Cape oversight & Programme
14 Mar 2017
Transformation of the local government sector had to focus on coordination between the three spheres and better planning, resource allocation and management within the sector. The SA Local Government Association (SALGA) had resolved to find alternative revenue instruments to enhance the financial viability of municipalities, to find measures to deal ...
Standing Committee on Appropriations
Division of Revenue Bill B4-2017: National Treasury & Financial and Fiscal briefing
10 Mar 2017
National Treasury briefed the Joint Committee on the Division of Revenue Bill, 2017. The brief focused on the background to the Bill, overview of the division of revenue for the 2017 Medium Term Expenditure Framework, responses to recommendations on the Bill, changes to clauses of the Bill, provincial allocations and ...
NCOP Finance
Committee Report on Fiscal Framework and Revenue Proposals
7 Mar 2017
The Select Committee on Finance discussed the report on the 2017 fiscal framework and revenue proposals. The Committee did not deliberate on the report itself but simply noted that the report was of a high quality. In addition, they took note of the recent changes made by the Standing Committee, ...
Finance Standing Committee
2017/18 Budget: Treasury response to submissions
2 Mar 2017
Treasury’s response to submissions and questions contained in them were:
• On sugary beverages tax, a number of consultation processes had to be done because this tax can lead to job losses. After extensive consultations, it was decided that a tax exemption threshold of 4g/100ml should be introduced and the ...
Finance Standing Committee
2017 Budget: public hearings
1 Mar 2017
The joint Committee meeting entailed presentations from various firms and organisations on the 2017/18 budget. All delegates expressed concern about government spending and many said that the heavy reliance on direct, personal and corporate tax was unsustainable. COSATU and NEHAWU were unhappy with the lack of a clear plan to ...