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Finance Standing Committee
Government Employees Pension Fund, Government Pension Administration Agency & Financial Services Board on their roles and mandates and contribution to the NDP and economy
19 Aug 2014
The Standing Committee on Finance was briefed by the Government Employees Pension Fund (GEPF), the Government Pension Administration Agency (GPAA) and the Financial Services Board (FSB) on their roles and mandates.
The GEPF was described as the largest pension fund in Africa, with assets of R1.4 trillion under management. The ...
Finance Standing Committee
Financial and Fiscal Commission briefing on its role and mandate; Draft Taxation Laws Amendment Bill, Draft Tax Administration Amendment Bill & Draft Rates and Monetary Amounts Bill: National Treasury briefing
30 Jul 2014
Role and mandate of the Financial & Fiscal Commission
The Financial and Fiscal Commission (FFC) provided the Committee with a detailed briefing on its role and mandate, which required it to produce recommendations on the equitable division of revenue among the three spheres of government. Before tabling a proposal for ...
Finance Standing Committee
Public Investment Corporation and Financial Intelligence Centre: mandate, role in economy and contribution to National Development Plan
29 Jul 2014
The Public Investment Corporation (PIC) and the Financial Intelligence Centre (FIC) briefed the Committee on their mandates, role in the economy and their alignment with the National Development Plan (NDP). The PIC aimed to deliver investment returns in line with client mandates, to be in the forefront of good cooperative ...
Finance Standing Committee
Accounting Standards Board & Independent Regulatory Board for Auditors: Briefings on roles and mandates
16 Jul 2014
The Accounting Standards Board (ASB) and Independent Regulatory Board for Auditors (IRB) gave briefings to explain their respective roles and functions, their contribution to the economy and their alignment to the National Development Plan (NDP). The ASB noted that its main mandates were to promote transparency in, and effective financial ...
Finance Standing Committee
National Treasury, SARS & Statistics South Africa 2014 Strategic Plan: briefing, with Minister of Finance in attendance
2 Jul 2014
The Standing Committee on Finance received briefings from the Department of Finance, the South African Revenue Service and Statistics South Africa on their 2014 Strategic and Annual Performance Plans.
The Minister of Finance said the economy was growing at a moderate pace and performing below expectations. The projected growth ...
Finance Standing Committee
Budget Vote Process, Sector Analysis, Legacy Report: briefing by Parliamentary Budget Office & Committee Staff
1 Jul 2014
The Committee Secretary briefed the Committee on the PBO’s legislative mandate, its core functions, its structure, the scope of its work and how it reported to Parliament.
Members wanted to know what was planned regarding the Money Bills Amendment Act. They commented on the lack of oversight on some entities ...
Finance Standing Committee
Election of Chairperson
25 Jun 2014
The Standing Committee on Finance met for the first time to elect its Chairperson. In a process led by the Committee Secretary, Mr Yunus Carim (ANC) was nominated and seconded, without any objection, as the Chairperson of the Committee.
Mr Carim asked the Members to introduce themselves in order to ...
Finance Standing Committee
PC Finance: Committee Legacy Report
11 Mar 2014
Members discussed the legacy report of the Standing Committee of Finance. Discussion centred around the challenges faced by the Committee around time constraints involving its interaction with Treasury over the processing of legislation as well as developing some recommendations around support services to assist the Committee in terms of legal ...
Finance Standing Committee
2014 Fiscal Framework and Revenue Proposals: Committee Report deliberations
4 Mar 2014
The Standing and Select Committees on Finance, sitting jointly, discussed the draft Committee Report on the 2014 Fiscal Framework and Revenue Proposals. According to section 8(3) of the Money Bills Amendment Procedure and Related Matters Act, the Standing and Select Committees on Finance must, within 16 days after the tabling ...
Finance Standing Committee
2014 Budget Fiscal Framework and Revenue Proposals: public hearings
3 Mar 2014
Ten organisations presented their comments, observations and criticisms on the 2014 Budget fiscal framework and revenue proposals to the joint Standing Committee on Finance and the Select Committee on Finance. This was the final session of public hearings.
The Financial and Fiscal Commission said the government was relying on targeted ...