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Defence
Legacy Report; Committee Annual Report
28 Nov 2018
The Committee adopted its Annual Performance and Legacy Reports without any amendments.
Members bid farewell as this was the last meeting of the year.
Standing Committee on Appropriations
Adjustments Appropriation Bill: Department of Water & Sanitation hearing
22 Nov 2018
The Minister of Water and Sanitation in his overview told the Committee that the DWS has inadequate financial management as many of its senior executives had resigned. DWS had committed to Parliament to have a turnaround plan as soon as possible. However, this has not been finalised as anticipated. The ...
Standing Committee on Appropriations
SAA on R5 billion Special Appropriation Bill; Adjustments Appropriation Bill
21 Nov 2018
The 2018 Special Appropriation Bill for allocating R5bn to SAA was presented by Treasury. The R5bn would only be used to assist SAA to pay guaranteed debts that are coming due on 30 November 2018 but SAA would still be insolvent. It will continue making losses until 2020/21. SAA's identified ...
Standing Committee on Appropriations
Adjustments Appropriation Bill 2018: Department of Transport motivation
21 Nov 2018
The Department of Transport (DoT) explained and motivated for adjustments to its 2018/19 appropriation. It explained that the additional allocation of R33 million was for the City of Cape Town for Phase 2A of MyCiti Bus Rapid Transit System infrastructure project. The R33 million will be used to finalise the ...
Finance Standing Committee
Committee Report on Financial Sector Transformation Report: Treasury, SARB and NEDLAC response
21 Nov 2018
The Committee met with the National Treasury to hear its responses to aspects of the Committee’s Financial Sector Transformation Report, including on digital financing. NEDLAC also gave an update on its preparations for the Second National Financial Sector Summit.
National Treasury said Treasury’s 2011 policy paper “A safer financial sector ...
Public Accounts (SCOPA)
Public Investment Corporation (PIC) response to information request, with Deputy Minister
21 Nov 2018
SCOPA had resolved to have an engagement with the Public Investment Corporation (PIC) because of concerns arising from negative publicity on the PIC’s use of public funds and SCOPA had a duty to prevent mismanagement of public funds. SCOPA had requested information in June 2018 about PIC transactions but six ...
Finance Standing Committee
Financial Matters Amendment Bill: briefing; Committee Report on Fiscal Framework
20 Nov 2018
Committee Report on 2018 MTBPS
The Committee held a briefing by National Treasury on the Financial Matters Amendment Bill.
National Treasury, in briefing, said the Financial Matters Bill sought to amend five Acts as follows: the Insolvency Act, the Military Pensions Act, the Government Employees Pension law, the Banks Act ...
Finance Standing Committee
Rates and Monetary Amounts and Amendment of Revenue Laws Bill, Taxation Laws Amendment Bill & Tax Administration Laws Amendment Bill: adoption; PIC Bills & Banks Amendment Bill: deliberations
14 Nov 2018
The Committee met for deliberations on the Banks Amendment Bill as well as the Public Investment Corporation (PIC) Bill. The Committee also formally adopted the Rates and Monetary Amounts and Amendment of Revenue Laws Bill, Taxation Laws Amendment Bill (TLAB) and Tax Administration Laws Amendment Bill (TALAB) following their consideration ...
Standing Committee on Appropriations
Division of Revenue Amendment Bill: Treasury briefing
8 Nov 2018
National Treasury said that when it came to the division of revenue in the MTBS, growth in the provincial and local government allocations had been above inflation and slightly higher than the growth in national allocations. Additional funds had been made available to provinces to extend the provision of free ...
Finance Standing Committee
VBS Mutual Bank
7 Nov 2018
VIDEO: Standing Committee on Finance - Meeting on VBS Mutual Bank
The Committee met to discuss the VBS Mutual matter. The South Reserve Bank, National Treasury, the Hawks, the National Prosecuting Authority (NPA), the Independent Regulatory Board of Auditors (IRBA), the Financial Sector Conduct Authority, the South African Institute for ...