Politician Profile Page
Finance Standing Committee
Taxation Laws Amendment & Tax Administration Laws Amendment Bill: response to submissions; Revenue Laws Amendment Bill: update
21 Sep 2016
Introduction
The Chairperson noted his dissatisfaction with comments made by Mr D Maynier (DA) to the effect that the Financial Services Board and South African Revenue Service were being summonsed before the Committee. The Chairperson emphasised that regardless of Mr Maynier being a shadow Minister he had no more status ...
Finance Standing Committee
Financial Sector Regulation Bill: costing & transformation; Insurance Bill: initial briefing
21 Sep 2016
The Financial Services Board briefed the Committee on the costing of the Financial Sector Regulation Bill and the consequences for stakeholders. The expected cost of regulation in 2016/17 is R1.033 billion and a somewhat ‘cheeky’ comparison would be that the combined remuneration packages of directors and senior executives in the ...
Finance Standing Committee
Progress report and preliminary financial results: South African Airways briefing, with Deputy Minister present
20 Sep 2016
The meeting involved a presentation by the board of South African Airways (SAA) to the Standing Committee on Finance (SCOF) followed by a question and response session including input from the National Treasury (NT). The presentation included a progress report and preliminary financial results for the 2014/2015 and 2015/2016 financial ...
Finance Standing Committee
Financial Sector Regulation Bill [B34-2015]: deliberations on Chapters 11-13, Chapter 1 definitions; Schedules 1-4
20 Sep 2016
The Chairperson reported to the Committee about a letter he had received from Mr Maynier of the Democratic Alliance regarding the SARS senior official being investigated whereby SARS Commissioner, Tom Moyane, when appearing before this committee on 14 September, had replied that the matter was confidential.
The Committee argued ...
Finance Standing Committee
Financial Sector Regulation “Twin Peaks” Bill: chapter 17
15 Sep 2016
The Committee continued its preliminary clause by clause deliberations on the Bill, covering chapter 17. During the deliberations, a lot of discussion was held in respect of clauses 242 and 243
Clause 242 dealt with Infomration sharing arrangments. A DA Member pointed out that the provision as it was had ...
Finance Standing Committee
Financial Sector Regulation “Twin Peaks” Bill [B34-2015]: chapters 14 & 15
14 Sep 2016
The Committee continued its preliminary clause by clause deliberations on the Financial Sector Regulation “Twin Peaks” Bill, covering clauses 211 to 237. The Committee considered the July version of the bill, while also reviewing the updates contained in the August version, with National Treasury regularly indicating changes and the final ...
Finance Standing Committee
Draft Taxation Laws Amendment Bill & Tax Administration Laws Amendment Bill: public hearings
14 Sep 2016
The draft Taxation Laws Amendment Bill (TLAB) and Tax Administration Laws Amendment Bill (TALAB) came under close scrutiny from a wide range of stakeholders from the public and private financial sectors, and a number of proposals for changes to the amendments were put forward. Much of the focus was on ...
Standing Committee on Appropriations
Department of Basic Education on its Jan-June 2016 performance, with Deputy Minister in attendance
13 Sep 2016
The Department of Basic Education (DBE) reported that past issues on which progress had been made included the delivery of school workbooks, as in recent years delivery had been almost 100%. 55 million schoolbooks had been distributed to 24 000 schools. The number of people who had benefited from mass literacy ...
Finance Standing Committee
Financial Sector Regulation Bill: Chapter 13 Administrative Penalties & Chapter 14 Ombuds
13 Sep 2016
National Treasury and industry representatives were present for the Financial Sector Regulation Bill. The Committee went through Chapter 13 on Administrative Penalties and Chapter 14 on Ombuds and discussed the changes that had been made to the Bill. National Treasury had made many changes to Chapter 14.
Treasury said that ...
Finance Standing Committee
Draft Rates and Monetary Amounts & Taxation Laws Amendment Bill: response to submissions & REDISA; Double Taxation Agreements
7 Sep 2016
National Treasury presented a policy overview on Double Tax Agreements and the specifics on the particular treaties and protocols before the Committee.
The South African Revenue Service (SARS) presented the key articles of three Double Tax Agreements: United Arab Emirates, Singapore and Zimbabwe. The differences between articles dealing with the ...