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NCOP Finance
Public Procurement Bill: Report-back from Consultation Process
17 Apr 2024
Report of the meeting to follow.
NCOP Finance
Pension Funds Amendment Bill: public hearings
16 Apr 2024
Report of the meeting to follow.
NCOP Appropriations
Division of Revenue Bill: Salga & PBO input
27 Mar 2024
The Select Committee received briefings in a virtual meeting from the South African Local Government Association (SALGA) and Parliamentary Budget Office (PBO) on the 2024 Division of Revenue Bill.
One of the main concerns raised by SALGA was that the local government sphere was underfunded, and was able to ...
NCOP Finance
Pension Funds Amendment Bill: National Treasury briefing
26 Mar 2024
The Select Committee on Finance met on a virtual platform for a briefing from National Treasury on the Pension Funds Amendment Bill.
The Pension Funds Amendment Bill was first published for public comments on 9 June 2023. The Bill introduced the “two-pot” retirement system intended to ensure the preservation ...
NCOP Finance
Revenue Laws Amendment Bill: adoption
25 Mar 2024
Report of the meeting to follow.
In this virtual meeting, the Committee convened to finalise the Revenue Laws Amendment Bill.
In this Bill, the government proposes implementing the “two-pot” retirement system to address the concerns related to lack of preservation before retirement and lack of access to retirement ...
NCOP Appropriations
Division of Revenue Bill; Second Adjustments Appropriation (2023/24 FY) Bill & GFECRA A/B: engagement with FFC
20 Mar 2024
The Select Committee on Appropriations convened in a virtual meeting to consult with the Financial and Fiscal Commission (FFC) on the Division of Revenue Bill, the Second Adjustments Appropriation Bill (2023/24 financial year), and the Gold and Foreign Exchange Contingency Reserve Account (GFECRA) Defrayal Amendment Bill.
The FFC said ...
NCOP Finance
Revenue Laws Amendment Bill: proposed amendments by ASISA & IRFA
19 Mar 2024
In a virtual meeting the Select Committee heard the Association for Savings and Investment South Africa (ASISA) submission on the Revenue Laws Amendment Bill and National Treasury response to it. The Institute of Retirement Funds Africa (IRFA) submission supported these two key changes to the 2023 Revenue Laws Amendment ...
NCOP Finance
Public Procurement Bill: Treasury response to public submissions
19 Mar 2024
In a virtual meeting, the Select Committee on Finance heard the National Treasury response to public submissions on the Public Procurement Bill. The meeting sparked much engagement from civil society stakeholders and the Committee Chairperson as both were unhappy with some of Treasury’s non-responses in its matrix response to ...
NCOP Finance
Revenue Laws Amendment Bill & Pension Funds Amendment Bill: public hearings
15 Mar 2024
In a virtual meeting, the Select Committee on Finance received comments from the Congress of South African Trade Unions (COSATU) on the Revenue Laws Amendment Bill (RLA Bill) [B39B-2023] and the Pension Funds Amendment Bill [B3-2024].
Cosatu said they supported the RLA Bill and the Pension Funds Amendment Bill ...
Standing Committee on Appropriations
Gold and Foreign Exchange Contingency Reserve Account Defrayment Amendment Bill: public hearings
15 Mar 2024
The Standing and Select Committees on Appropriations held a joint meeting to receive submissions from stakeholders on the 2024 Gold and Foreign Exchange Contingency Reserve Account Defrayal (GFECRA) Amendment Bill. During his February Budget Speech, the Minister of Finance introduced this bill, which is intended to facilitate the drawing ...