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NCOP Finance
A guide to understanding major cryptocurrency issues and regulatory framework: NT & PBO briefing
25 May 2021
Video: Select Committee on Finance
The Select Committee on Finance received a presentation from the Parliamentary Budget Office (PBO) and National Treasury on the major issues surrounding cryptocurrency and the regulatory framework.
Members were told, in the virtual meeting, that the idea of cryptocurrency was invented in the late 1990s. ...
NCOP Appropriations
Division of Revenue Bill [B3-2021]: negotiating mandates
19 May 2021
Each province read out their negotiating mandates for the Division of Revenue Bill [B3-2021], with the Eastern Cape abstaining and the Western Cape being the only province to vote against the Bill.
National Treasury responded to the reservations and comments made by provincial legislatures, which included concerns about the ascertainment ...
NCOP Finance
Implications of changes in IRBA over the past 6 months & implementation of Auditing Professions Amendment Act
18 May 2021
Video: Select Committee on Finance
In this virtual meeting, the Committee was briefed by the Independent Regulatory Board for Auditors (IRBA) on its quarterly report, the implications of changes within the organisation over the past 6 months, and the implementation of the amendments to the Auditing Profession Act (APA).
IRBA ...
NCOP Appropriations
Division of Revenue Bill: public hearings & SALGA input
12 May 2021
Video: Select Committee on Appropriations
The South African Local Government Association (SALGA) and the Congress of South African Trade Unions (COSATU) provided the Committee with responses on the Division of Revenue (DoR) Bill.
In a virtual meeting, Members asked about SALGA’s involvement in the budget lekgotla, and whether the complaints ...
NCOP Finance
Implementing the Economic Reconstruction and Recovery Plan: PBO briefing
11 May 2021
Video: Select Committee on Finance
Economic Reconstruction and Recovery Plan
The Select Committee on Finance received a briefing from the Parliamentary Budget Office on the progress of the Economic Reconstruction and Recovery Plan. President Ramaphosa first presented the Recovery Plan to a Joint Sitting of Parliament in October 2020. The ...
NCOP Finance
Joint Strategic Planning Workshop
23 Mar 2021
Video: Joint Workshop: Select Committee on Finance and Select Committee on Appropriations, 23 March 2021
The Select Committees on Finance and on Appropriations met for a joint virtual strategic planning workshop. The amended Strategic Plan and 2021/22 Annual Performance Plan (APP) of each of the Committees was presented with the ...
NCOP Appropriations
Division of Revenue Bill: briefings by Financial and Fiscal Commission (FFC) and Parliamentary Budget Office (PBO)
17 Mar 2021
The Financial and Fiscal Commission and Parliamentary Budget Office briefed the Committee on the 2021 Division of Revenue Bill (B3-2021).
The issue of corruption was prominent throughout the discussion and whether the state is equipped to deal with, and rectify it. How many provincial officials have been sent to prison ...
NCOP Finance
Auditing Profession Amendment Bill: Committee Report
16 Mar 2021
Video: Select Committee on Finance, 16 March 2021
AUDIO
The Committee met briefly to consider and adopt its Report on the Auditing Profession Amendment Bill (B2-2020).
The Chairperson, in highlighting key issues raised during public hearings as captured in the report, said, overall, the majority in the ...
NCOP Appropriations
2021 Division of Revenue Bill: National Treasury briefing
10 Mar 2021
Video: Select Committee on Appropriations - 10th March 2021
In a virtual meeting, National Treasury briefed the Committee on the 2021 Division of Revenue (DoR) Bill. Members were told that the Bill had a strong redistributive nature over the period of the Medium Term Expenditure Framework (MTEF). The equitable share ...
Finance Standing Committee
Committee Report on 2021 Fiscal Framework and Revenue Proposals
9 Mar 2021
Video: Joint Meeting: SC on Finance and S C on Finance, [NA] [NCOP]
Fiscal Framework
Revenue Proposals
In this virtual meeting, the two finance committees met jointly to ...