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Finance Standing Committee
SARS follow-up: Makwakwa matter; SARS & KPMG report on SARS Intelligence Unit
13 Mar 2018
The Standing Committee on Finance met with the South African Revenue Service (SARS) for a briefing on the Makwakwa matter as well as the SARS and KPMG report on allegations against the SARS Intelligence Unit. KPMG and the Independent Regulatory Board for Auditors (IRBA) were also in attendance.
SARS last ...
Finance Standing Committee
Land Bank 2016/17 Annual Report
7 Mar 2018
2016/17 Annual Reports
The Standing Committee on Finance and the Select Committee on Finance were briefed by the Land Bank on its 2016/17 annual report.
The Land Bank, in placing its financial results in context, highlighted that the agricultural sector was still recovering from the two years of drought, and ...
Finance Standing Committee
Carbon Tax Draft Bill: National Treasury briefing
13 Feb 2018
The briefing by National Treasury on the draft Carbon Tax Bill consisted of two presentations. The first presentation clarified South Africa’s Greenhouse Gas (GHG) emission reduction system, while the second detailed South Africa’s Draft Carbon Tax Bill, 2017.
In 2015, Cabinet had approved South Africa’s climate change mitigation system framework. ...
Finance Standing Committee
Steinhoff International challenges
31 Jan 2018
The Standing Committee on Finance, Standing Committee on Public Accounts and Portfolio Committee on Public Service and Administration held a joint briefing on the Steinhoff crisis together with National Treasury, the South African Reserve Bank (SARB), the Johannesburg Stock Exchange (JSE), the Financial Services Board (FSB), the ...
Finance Standing Committee
Development Bank of Southern Africa (DBSA) Annual Report
30 Jan 2018
The Development Bank of Southern Africa presented its annual report to the Committee, during which it explained its mandate -- infrastructure development both in the Southern African Development Community (SADC) region and the rest of Sub-Saharan Africa -- and outlined the projects that it was supporting.
The sectors that had ...
Finance Standing Committee
SARS Commissioner on Makwakwa; Symington & SARS intelligence unit
5 Dec 2017
The Committee met with the South African Revenue Service (SARS) for follow-up discussions on Mr Jonas Makwakwa matter; Mr Vlok Symington matter; and further responses to the SARS Commissioner’s letter on KPMG report on SARS intelligence unit.
On the Makwakwa matter, the Committee was first briefed by Hogan Lovells, the ...
Standing Committee on Appropriations
Committee Reports: 2017 MTBPS; Adjustments Appropriation Bill
29 Nov 2017
The Standing Committee on Appropriations considered and adopted the Report on the 2017 Adjustments Appropriation Bill, and the Report on the 2017 Medium Term Budget Policy Statement.
The DA said that this was the first opportunity for the Committee to consider the amendments to the Adjustments Appropriation Bill, and it ...
Standing Committee on Appropriations
Adjustments Appropriation Bill: National Treasury briefing
22 Nov 2017
The joint meeting of the Standing and Select Committees was for a briefing on the 2017 Adjustment Appropriation Bill, but the first hour was taken up by a discussion regarding the legalities of the meeting. The Democratic Alliance (DA), making reference to the Money Bills and Amendment Procedures and Related ...
Standing Committee on Appropriations
Adjustments Appropriation Bill: hearing with Department of Home Affairs + National Treasury
22 Nov 2017
The Deputy Minister of Home Affairs told the Committee that the automated processes of “Who Am I Online” (WAIO) had led to the Department leaping into the next century insofar as efficiency was concerned. For example, the turnaround time for Identity Documents (IDs) had drastically improved, from 90 days to ...
Finance Standing Committee
Insurance Bill; Venda Pension Matter: finalisation
21 Nov 2017
The Committee met for the finalisation of the Insurance Bill and the Venda Pension matter. As mandated by the Committee, National Treasury had made further changes to the transformation clauses of the Insurance Bill. There was nothing new in terms of policy; amendments were meant to ensure consistency in the ...