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Finance Standing Committee
2020 Budget: Treasury briefing; with Minister & Deputy Minister
27 Feb 2020
Watch Meeting: Youtube
2020 Budget Speech
2019 MTBPS Speech
Parliament’s finance and appropriations committees from both houses met jointly with the Minister of Finance and senior National Treasury officials to discuss the 2020 Budget. The Minister had tabled his budget proposals the previous day.
Members were told that very low ...
NCOP Appropriations
Conditional Grants 2019/20 Quarter 3 spending
19 Feb 2020
National Treasury noted Provincial Conditional Grants come in two categories:
• Schedule 4A grants supplement funding of programs or functions funded from provincial budgets such as the Provincial Road Maintenance Grant.
• Schedule 5A conditional grants are specific purpose that must be spent following a framework.
Generally, 70-75% spending is ...
NCOP Finance
DBSA on its R3.5 billion SAA loan, mandate and activities
4 Feb 2020
The Development Bank of Southern Africa (DBSA) gave a briefing on how it was fulfilling its mandate as a government-owned development finance institution tasked with promoting economic growth and human resource development.
However, much of the discussion centered on what one Committee member described as “the elephant in the room” ...
NCOP Appropriations
Committee Reports: Adjustments Appropriation Bill 2019 & Proposed division of revenue and conditional grant allocations to Provinces and Local Government in 2019 MTBPS
5 Dec 2019
Draft report on proposed division of revenue and conditional grant allocations
Draft Report on Adjustments Appropriation Bill
The report was adopted with amendments, with the DA reserving a right to check on legality.During consideration of the draft report on the Adjustments Appropriation Bill, the DA questioned the notion that the Select ...
NCOP Finance
Tax Bills (TLAB &TALAB) & Rates Bill: finalization
3 Dec 2019
The Committee deferred its adoption of its reports on the 2019 Tax Administration Laws Amendment Bill, Taxation Laws Amendment Bill and Rates and Monetary Amounts and Amendment of Revenue Laws Bill after Members observed the reports required further work. The adoption was deferred to either later the afternoon or tomorrow ...
Standing Committee on Appropriations
2019 Adjustments Appropriation Bill & MTBPS: public hearings
29 Nov 2019
The joint Appropriations Committees of the National Assembly and the National Council of Provinces (NCOP) received presentations from seven non-governmental organisations at a public hearing on the 2019 Adjustments Appropriation Bill and the Medium Term Budget Policy Statement (MTBPS).
The Organisation Undoing Tax Abuse (OUTA) said the National Treasury’s fiscal ...
Standing Committee on Appropriations
Adjustments Appropriation Bill [B16-2019]: briefing
28 Nov 2019
The National Treasury briefed both the Standing Committee and Select Committee on Appropriations on the 2019 Adjustments Appropriation Bill.
Members raised concerns on the unspent funds particularly that of the Jobs Fund stating that continued under expenditure indicated lack of planning. They asked about the impact of virements on ...
NCOP Finance
Tax Bills (TLAB &TALAB): public hearings and Treasury’s response
27 Nov 2019
The Select committee received an oral presentation from the 12J Association on the proposal in the 2019 Tax Bill to place caps on the tax deductions provided under section 12J of the Income Tax Act to investors in Venture Capital Companies (VCCs).
The association called for the cap of R2.5 ...
NCOP Appropriations
Division of Revenue Amendment Bill [B15-2019]: Final Mandates & Committee Report
26 Nov 2019
The Select Committee met to consider the final mandates from provincial legislatures on the Division of Revenue Amendment Bill (DoRAB). Eight of the nine provinces reported that they had authorised their delegates to the National Council of Provinces (NCOP) to vote in favour of the Bill. The Western Cape Legislature ...
NCOP Appropriations
Division of Revenue Amendment Bill [B15-2019]: negotiating mandates
25 Nov 2019
The Select Committee on Appropriations considered the preliminary mandates submitted by provincial legislatures on the Division of Revenue Amendment Bill.
All the provincial legislatures voted in favour of the Bill, except for the Western Cape, which proposed seven amendments that should be provided in the Bill. Most provinces had concerns ...