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Finance Standing Committee
VBS Mutual Bank and Capitec follow-up meeting
30 May 2018
The Standing Committee on Finance met for a follow-up briefing on Capitec and VBS Mutual Bank. The South African Reserve Bank (SARB), National Treasury, the Financial Sector Conduct Authority (FSCA), the National Credit Regulator (NCR), and Capitec were in attendance and gave inputs.
Capitec explained that the bank had done its part ...
Standing Committee on Appropriations
Committee Report on Contract Extension of Parliament Budget Office Director
24 May 2018
The Standing and Select Committees on Finance and Appropriations met to consider and adopt the Report of the Contract Extension of Parliamentary Budget Office Director. Members were taken through processes surrounding this action. The proposal was that the contract of the Director be extended for three months after the 2019 ...
Finance Standing Committee
PIC Amendment Bill (Committee Bill): resolution; Mr Markus Jooste subpoena
22 May 2018
The Standing Committee on Finance met to consider a number of Committee issues. The Committee resolved the Public Investment Corporation Amendment Bill (Committee Bill) would begin to be processed and public hearings would be held. The Committee also endeavoured to process the Banks Amendment Bill (Private Member’s Bill: Mr Floyd ...
Finance Standing Committee
SAA latest quarterly report (meeting postponed)
16 May 2018
A briefing by South African Airways (SAA) to the Standing Committee was called off after Members from the ANC and DA disputed whether a decision was taken to close the meeting by the Committee at its previous engagement with SAA – this was so that SAA could provide finer details ...
Finance Standing Committee
Financial Sector Regulation Act Regulations; National Treasury Budget: Committee Report
15 May 2018
The Standing Committee on Finance was briefed by the Financial Sector Conduct Authority (FSCA) on its transition from the Financial Services Board (FSB), as part of formal implementation of the Twin Peaks model of financial sector regulation, as envisaged in the Financial Sector Regulation Act (FSRA). Differences between the disbanded ...
Finance Standing Committee
National Treasury 2018/19 Annual Performance Plan; with Minister
8 May 2018
The Standing Committee on Finance was briefed by National Treasury on its 2018/19 Annual Performance Plans (APPs) in the presence of the Minister of Finance.
The Minister highlighted Treasury’s priorities over the coming year. Apart from being committed to driving faster economic growth and encouraging significant new investment in the ...
Finance Standing Committee
Illicit Tobacco Trade
2 May 2018
The Standing Committee on Finance on Wednesday was briefed by several bodies on illicit financial flows in the tobacco industry. Among the bodies which made presentations was the Tobacco Institute of South Africa (TISA), the Fair Trade Independent Tobacco Association (FITA), the Financial Intelligence Centre (FIC), National Treasury, the Directorate ...
Finance Standing Committee
Public Investment Corporation Amendment Bills (Private Members' Bill & Committee Bill): briefing, with National Treasury & GEPF input
24 Apr 2018
The Standing Committee on Finance met for get briefings on the Public Investment Corporation Amendment Bills: both the Private Members' Bill and Committee Bill. National Treasury and the Government Employees Pension Fund (GEPF) were present to give inputs.
The Parliamentary Legal Unit outlined the amendments to the PIC Bill as ...
Finance Standing Committee
Carbon Tax Draft Bill: public hearings
14 Mar 2018
Reducing Greenhouse Gas Emissions: The Carbon Tax Option
Reducing greenhouse gas emissions and facilitating the transition to a green economy
IRP 2016
IRP 2010
The Standing Committee on Finance and the Portfolio Committee on Environmental Affairs, together with National Treasury and the Department of Environmental Affairs held ...
Finance Standing Committee
SARS follow-up: Makwakwa matter; SARS & KPMG report on SARS Intelligence Unit
13 Mar 2018
The Standing Committee on Finance met with the South African Revenue Service (SARS) for a briefing on the Makwakwa matter as well as the SARS and KPMG report on allegations against the SARS Intelligence Unit. KPMG and the Independent Regulatory Board for Auditors (IRBA) were also in attendance.
SARS last ...