Politician Profile Page
Finance Standing Committee
Insurance Bill; Venda Pension Matter: finalisation
21 Nov 2017
The Committee met for the finalisation of the Insurance Bill and the Venda Pension matter. As mandated by the Committee, National Treasury had made further changes to the transformation clauses of the Insurance Bill. There was nothing new in terms of policy; amendments were meant to ensure consistency in the ...
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 ...
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 ...
Finance Standing Committee
Capitalise SAA using s16 of PFMA: legal opinion; Committee Resolutions on GEPF, PIC & trade unions; Financial Sector Transformation Hearings Report
18 Oct 2017
The Parliamentary Legal Unit advised the Committee on the legality of using section 16 of the Public Finance Management Act (PFMA) to capitalise SAA. Section 16 was intended for use where good financial planning and management could not avert the need for unusual expenditure. According to his interpretation, it appears ...