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Finance Standing Committee
Non-VAT aspects: Rates and Monetary Amounts and Amendment of Revenue Laws Bill & Tax Bills: Treasury & SARS responses continued
13 Sep 2018
The Committee met with Treasury for a briefing on responses to public comments on Non-VAT aspects of the Rates and Monetary Amounts and Amendment of Revenue Laws Bill; and the Taxation Laws Amendment & Tax Administration Laws Amendment Bills (TLAB & TALAB). The briefing was a continuation from the previous ...
Finance Standing Committee
Zero VAT report: stakeholder responses; Taxation Laws & Administration Bills: Treasury & SARS response to submissions
12 Sep 2018
The Committee met to hear stakeholder responses to the VAT panel report. COSATU, the South African Medical Association (SAMA), Fair Play, Pietermaritzburg Economic Justice and Dignity Group (PEJDG), the Budget Justice Coalition, PricewaterhouseCoopers (PwC), and the SA Chamber of Baking made oral submissions.
The Committee also received briefings from National ...
Trade, Industry and Competition
Southern African Customs Union (SACU); with Minister of Finance & Deputy and Minister of Trade and Industry
11 Sep 2018
The Standing Committee on Finance and the Portfolio Committee on Trade and Industry met jointly for a briefing by the Ministers of Finance and Trade & Industry, as well as the Deputy Minister of Finance, on the Southern African Customs Union (SACU).
The Minister of Trade and Industry, highlighted that ...
Finance Standing Committee
Steinhoff matters: Mr Markus Jooste
5 Sep 2018
VIDEO: Steinhoff former CEO grilled in Parliament
The Standing Committee on Finance; the Standing Committee on Public Accounts (Scopa); the Portfolio Committees on Trade and Industry and; the Portfolio Committee on Public Service and Administration met with the former Steinhoff CEO Mr Markus Jooste, on Steinhoff matters.
Mr Markus Jooste, ...
Finance Standing Committee
Banks Amendment Bill [B12-2018]: public hearings
4 Sep 2018
The Committee held public hearings on the Bank Amendment Bill as introduced by Mr F Shivambu (EFF). The Banking Association South Africa gave a submission, and National Treasury and the South African Reserve Bank (SARB) gave inputs.
Mr F Shivambu (EFF) said the EFF’s correct observation was that the multi-party ...
Finance Standing Committee
Steinhoff matter: Ben le Grange
29 Aug 2018
Former Steinhoff CFO to testify before Parliament
The Standing Committees on Finance; the Standing Committee on Public Accounts (Scopa); the Portfolio Committees on Trade and Industry and; the Portfolio Committee on Public Service and Administration had a 10-hour oversight meeting on Steinhoff matters on Wednesday. The meeting included the Steinhoff ...
Finance Standing Committee
VAT Commission report
28 Aug 2018
The Committee met with VAT Panel for a briefing on its report. National Treasury, Fair Play Movement and the Budget Justice Coalition gave inputs.
The VAT Panel agreed upon core principles to guide its analysis and decision-making. As part of the consultative process, the Panel considered 2000 written inputs and ...
Finance Standing Committee
Taxation Laws & Tax Administration Laws Amendment Bills: public hearings; Steinhoff Committee Resolution
21 Aug 2018
The Committee adopted a resolution to summon the former Chief Executive Officer of Steinhoff, Mr Marius Jooste and the former Chief Financial Officer, Mr Ben la Grange, to give evidence before the relevant committees of Parliament about the nature, causes and consequences of the sudden collapse of Steinhoff’s share value ...
Finance Standing Committee
VAT Panel Recommendations; Taxation Laws Amendment Bill & Tax Administration Laws Amendment Bill: briefing
16 Aug 2018
The Committee met with National Treasury for a briefing on the Taxation Laws Amendment Bill (TLAB) & Tax Administration Laws Amendment Bill (TALAB) Bills. The highlights of National Treasury’s proposed amendments to the two Bills were as follows:
Taxation Laws Amendment Bill (TLAB)
Clause 1- Alignment of tax treatment of ...
Finance Standing Committee
SAA Quarterly Report, with Deputy Minister
7 Jun 2018
The Committee was briefed by the South African Airways (SAA) on its quarter four performance report in the presence of the Deputy Minister.
SAA Board Chairperson said liquidity and going-concern issues still persist. These issues continue to the extent that it was decided that an oversight committee, chaired by the ...