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Finance Standing Committee
Pre-MTBPS: Parliamentary Budget Office briefing
23 Oct 2018
The Standing Committees on Finance and Appropriations together with the Select Committees on Finance and Appropriation met for a pre-MTBPS (medium-term budget policy statement) briefing with the Parliamentary Budget Office (PBO).
The PBO highlighted that global economic outlook indicates that prospects for recovery in growth through foreign investment and trade ...
Finance Standing Committee
Statement on VBS Mutual Bank matter; VAT Panel Report and TLAB & TALAB Bills: Treasury response
17 Oct 2018
Finance Committee Welcomes VBS Mutual Bank Report
The Committee met with National Treasury for a briefing on the Tax Laws Amendment Bill (TLAB) and the Tax Administration Amendment Bill (TALAB), the main focus being on VAT issues.
National Treasury gave an update on the TLAB and TALAB. Treasury and ...
Finance Standing Committee
National Treasury & SARS 2017/18 Annual Report; with Minister & Deputy Minister present
16 Oct 2018
Annual Reports 2017/18
Watch Live: Treasury and SARS presents their annual reports to Parliament
The Committee met with the National Treasury and the South African Revenue Service (SARS) for a briefing on their annual reports and financial statements for the 2017/18 financial year. The Minister and the Deputy Minister were ...
Finance Standing Committee
National Treasury audit: Auditor-General briefing
10 Oct 2018
The Committee received a briefing from the Auditor-General South Africa (AGSA) on audit outcomes of 14 auditees in the National Treasury (Finance) Portfolio. The role of the AGSA is to reflect on the audit work performed to assist the Committee in its oversight role of assessing the performance of the ...
Finance Standing Committee
IRBA 2017/18 Annual Report
9 Oct 2018
The Committee met with the Independent Regulatory Board for Auditors (IRBA) for a presentation of its 2017/18 annual report.
IRBA’s strategic focus was protecting the financial interest of the public by ensuring that only suitably qualified individuals are admitted to the auditing profession, and that registered auditors ...
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 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
South African Reserve Bank (SARB) Annual Report
15 Aug 2018
Government Departments & Entities 2016/17 Annual Reports
The Standing Committee on Finance met with the South African Reserve Bank (SARB) for a briefing on their annual report and related issues.
SARB, in presenting, highlighted the macroeconomic overview and outlook. Global growth is accelerating but risks were also rising. During the second ...