Politician Profile Page
Finance Standing Committee
2017 Budget: public hearings
1 Mar 2017
The joint Committee meeting entailed presentations from various firms and organisations on the 2017/18 budget. All delegates expressed concern about government spending and many said that the heavy reliance on direct, personal and corporate tax was unsustainable. COSATU and NEHAWU were unhappy with the lack of a clear plan to ...
Finance Standing Committee
2017 Budget: Minister of Finance briefing
23 Feb 2017
The Minister of Finance, Mr Pravin Gordhan, and officials from National Treasury, briefed the Committees, sitting jointly, on the 2017 budget. It was reported that 95% of the country’s wealth remains highly concentrated, with the minority having control over the resources. The 2017 budget plays a central role in transforming ...
Finance Standing Committee
FICA Bill and Committee Report: adoption
21 Feb 2017
The meeting began with deliberations on the Committee Report on the referral of the Financial Intelligence Centre Amendment Bill [B 33B–2015]. This report contains the Committee’s conclusions regarding comments from the President on the Financial Intelligence Centre Amendment Bill.
There were no further changes to the Committee proposed amendments to ...
Finance Standing Committee
Budget 2017: pre-budget briefing by Parliamentary Budget Office
21 Feb 2017
A pre-budget briefing was given to the four finance committees by the Parliamentary Budget Office (PBO). The presentation highlighted lower-than-expected revenues as a key challenge facing the fiscus. Also discussed were the main avenues of expenditure, the trajectory of the budget and the potential tools available to government to reduce ...
NCOP Finance
Supply Chain Management Regulations under MFMA: Draft Amendment; Regulations on demarcation between health insurance and medical schemes: National Treasury briefings
15 Feb 2017
The National Treasury briefed the Committee on the Amendment to Supply Management Regulations under the Municipal Finance Management Act. Two amendments were made – to the definitions, and to regulation 44 that relates to the awarding of tenders by municipalities. The latter regulation said that the Supply Chain Management policy ...
NCOP Finance
Financial Sector Regulation Bill: briefing; Credit, Banking & Insurance Ombuds on Bill's impact
14 Feb 2017
National Treasury took the Committee through revisions to the FSRB, related to the Financial Sector Conduct Authority regulation and supervision of a financial institution’s conduct in relation to provision of credit under a credit agreement. This included the conduct standard in relation to a financial service, transactions becoming the buyer ...
Finance Standing Committee
Money Bills Amendment Procedure Act review: joint workshop
8 Feb 2017
Parliament’s Constitutional and Legal Services Office (CLSO) presented at the joint workshop to the Finance and Appropriations Standing and Select Committees. It noted that the National Assembly had passed a resolution in May 2016 that the Finance Standing Committee should review the Money Bills Act with a view to introduce ...
NCOP Finance
Financial Sector Regulation Bill and financial implications: National Treasury briefing
3 Feb 2017
National Treasury took the Committee through a presentation on the Financial Sector Regulation Bill (the Bill), drawing attention to comments made during the public hearings, the main areas of concern, the National Treasury response to those comments and the outline of the Bill. Substantive issues that had been raised during ...
NCOP Appropriations
MIG projects in Saldanha Bay Local Municipality: Western Cape Department of Local Government briefing
31 Jan 2017
The briefing by the Western Cape Department of Local Government was in two parts. The first section covered the expenditure performance of the Municipal Infrastructure Grant in the 2016/17; performance record; monitoring of expenditure of rollovers, and mitigation of challenges. Seven municipalities in Western Cape had an underspent balance. Challenges ...
NCOP Finance
City of Cape Town Metro IDP, LED and budget implementation
31 Jan 2017
The National Treasury noted that capital expenditure for the Western Cape and Cape Town City was below 90 percent. The City had an operating surplus of R2.2 billion. The City had to implement cost containment measures to generate cash for road infrastructure, water and electricity. The City had improved steadily ...