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Finance Standing Committee
Amended Financial Services Sector: DTI briefing; Transformation of the Financial Sector Transformation Committee Report & Proposed Fiscal Policy Framework: finalisation
15 Nov 2017
The Standing Committee on Finance and Portfolio Committee on Trade and Industry together with the Department of Trade and Industry met for further discussions on the Transformation of the Financial Sector Report. This was report one of two, the second report would be discussed in 2018.
The Department of Trade ...
Finance Standing Committee
Public Investment Corporation + Government Employees Pension Fund Follow Up Meeting, with Deputy Minister
14 Nov 2017
The Committee met with the Public Investment Corporation (PIC) and the Government Employees’ Pension Fund (GEPF) for a follow up meeting based on previously adopted Committee resolutions. In the main, the Committee wanted to be provided with the rationale of the proposed PIC forensic investigations, and to know if there ...
Standing Committee on Appropriations
Division of Revenue Amendment Bill: National Treasury briefing
9 Nov 2017
National Treasury briefed a joint meeting of the Standing and Select Committees on Appropriations on the 2017 Division of Revenue Amendment Bill. This meeting was also attended by Members of Provincial Legislatures (MPLs). An objection was raised by Mr O Terblanche (DA; Western Cape) saying that procedure had not been ...
Finance Standing Committee
Insurance Bill; Taxation Laws Amendment Bill; Tax Administration Laws Amendment Bill: finalisation
8 Nov 2017
The Committee met to: finalise the Taxation Laws Amendment Bill (TLAB) & the Tax Administration Laws Amendment Bill (TALAB); adopt the Committee Report on the Rates and Monetary Amounts and Amendment of Revenue Laws Bill and to discuss policy issues on the Insurance Bill, its transformation clauses in particular.
Firstly, ...
Finance Standing Committee
Rates & Monetary Amounts and Amendment of Revenue Laws Bill: finalisation; Committee Report on MTBPS Revised Fiscal Framework
7 Nov 2017
The Standing and Select Committee on Finance met to deliberate their Revised Fiscal Framework Report. The report was compiled following public hearings on the medium-term budget policy statement (MTBPS). The Committees noted that while they agreed that the primary reason for the revenue shortfall (of R50 billion) was the slow ...
Finance Standing Committee
2017 MTBPS: National Treasury response to submissions
3 Nov 2017
National Treasury appeared before the Standing and Select Committees on Finance to give responses to submissions received during public hearings on the Medium Term Budget Policy Statement. It welcomed the robust debates and contributions to macroeconomic policymaking.
In response to the Parliamentary Budget Office’s (PBO) submission on fiscal consolidation and ...
Finance Standing Committee
Medium Term Budget Policy statement (MTBPS) 2017: public hearings
1 Nov 2017
Cosatu submitted that there was no meaningful plan to arrest the collapse of the economy and the looting of the state, and to spur economic growth to create jobs. Unemployment had nearly doubled since 2014 to a real rate of 36.2%. More than R100 billion of the state’s trillion rand ...
Finance Standing Committee
2017 Medium Term Budget Policy Statement: Parliamentary Budget Office briefing
31 Oct 2017
The Parliamentary Budget Office (PBO) appeared before the joint committees of Finance and Appropriations (National Assembly and National Council of Provinces) to give a post Medium-Term Budget Policy Statement (MTBPS) analysis.
The PBO noted that performance of key macroeconomic variables over the past five years has not been impressive. The ...
Finance Standing Committee
Medium Term Budget Policy Statement 2017: Minister in the Presidency & Minister of Finance briefing
26 Oct 2017
The Minister in the Presidency together with the Minister of Finance, and National Treasury gave presentations on the 2017 Mandate Paper and the Medium-Term Budget Policy Statement.
The Minister in the Presidency explained that the purpose of the Mandate Paper is to function as a shorter-term instrument of national planning, ...
Finance Standing Committee
Pre-MTBPS briefing by Parliamentary Budget Office
24 Oct 2017
The Standing Committees on Finance and Appropriations together with the Select Committees on Finance and Appropriations were briefed by the Parliamentary Budget Office (PBO) on the pre-Medium Term Budget Policy Statement (MTBPS). The briefing was meant to assist Members in identifying focus areas in relation to the MTBPS presentation by ...