Politician Profile Page
Public Accounts (SCOPA)
Public Sector Supply Chain Management Review 2015: National Treasury briefing
12 Aug 2015
On the second day of presentations to the Standing Committee on Public Accounts, National Treasury briefed it on the supply chain management (SCM) review and how value could be created through public procurement. The objectives of the review were to provide a frank and candid assessment of SCM aspects, providing ...
Finance Standing Committee
Rates and Monetary Amounts and Amendment of Revenue Laws Bill [B15-2015]: voting
23 Jun 2015
The Committee met briefly to consider its report on the Rates and Monetary Amounts Amendment Bill. The Bill was accepted by a majority with the DA reserving its position.
The Committee also approved various minutes and an oversight report. Lastly, the Chairperson highlighted the Committees planned activities for the next ...
Finance Standing Committee
Rates and Monetary Amounts and Amendment of Revenue Laws Bill [B15-2015]: hearings & discussion
17 Jun 2015
The meeting was scheduled for public hearings, but the only submissions received were two letters from individuals, which the Chairperson insisted had to be replied to. The Chairperson remarked that the Bill was not controversial. There was a clause by clause read through by Treasury, with a few comments made ...
Finance Standing Committee
Davis Tax Committee: update by Judge Dennis Davis
10 Jun 2015
Judge Dennis Davis, Chairperson of the Davis Tax Committee (DTC), noted that the DTC was introduced in July 2013, by the then Minister of Finance. The mandate of the DTC covered every aspect of tax policy. Terms of reference were framed against the backdrop of the National Development Plan. The ...
Finance Standing Committee
SARS 2015 programme: progress report; Committee Report on BRICS New Development Bank agreement
3 Jun 2015
The Chairperson remarked that no-one, including government, really knew what the NDB would turn out to be. Yet the Committee recognised the role the bank could play to mobilise resources for infrastructure. The Committee would stress the importance of the NDB local office in South Africa, and the Development Bank ...
Finance Standing Committee
New Development Bank; Update on Twin Peaks & Market Conduct Framework: National Treasury briefing
2 Jun 2015
National Treasury said South Africa had too many regulators involved with the financial sector. Most financial firms were regulated by a number of financial regulators. The major banks in SA were regulated by the SA Reserve Bank (SARB), the Financial Services Board (FSB), the Financial Intelligence Centre (FIC) and the ...
Finance Standing Committee
BRICS New Development Bank: input from Centre for Applied Legal Studies & Financial and Fiscal Commission
27 May 2015
A sum of R50 billion is invested in bonds in foreign countries. The Director-General of the National Treasury revealed this during a discussion in Parliament during a joint meeting of the Standing Committee on Finance and Select Committee on Finance. The two Committees were listening to submissions regarding the New ...
Finance Standing Committee
2015 Tax proposals & Draft Rates and Monetary Amounts Bill: National Treasury briefing
26 May 2015
Officials from National Treasury briefed the Committee on the 2015 tax proposals. Personal Income Tax (PIT), Corporate Income Tax (CIT) and Value Added Tax (VAT) accounted for more than 80% of total tax revenues. The tax to GDP ration was high compared to African countries, but relatively low compared to ...
Finance Standing Committee
Base Erosion and Profit Sharing (BEPS) Report: Parliamentary Budget Office briefing
20 May 2015
The Portfolio Committee on Trade and Industry, the Standing Committee on Finance and the Portfolio Committee on Mineral Resources held a joint meeting to discuss a research paper presented by the Parliamentary Budget Office (PBO) on Base Erosion and Profit Sharing (BEPS). The joint meeting was led by the Chairperson ...
Finance Standing Committee
BRICS New Development Bank & Contingent Reserve Arrangement agreements; FFC 4th quarter performance; Transfer pricing: EFF submission; Tax treaties: Cyprus, Lesotho, Hong Kong, Qatar, Cameroon, Granada, Zimbabwe, Singapore
19 May 2015
The Parliamentary Budget Office (PBO) presented on the BRICS New Development Bank (NDB) and the Contingent Reserve Arrangement (CRA). There were legitimate practices related to international treaties that could limit oversight of public finances. The National Treasury had identified risks and benefits related to the BRICS NDB. Only 50% of ...