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NCOP Finance
Northern Cape, North West, Mpumalanga spending challenges
17 Jun 2015
The North West, Northern Cape and Mpumalanga provinces have a higher unemployment rate than the rest of the country. They were invited to speak about their revenue and expenditure and their fiscal position. Accruals and underspending were the main topics discussed.
National Treasury provided its perspective on each province first ...
Standing Committee on Appropriations
Special Appropriations Bill [B16-2015]; Eskom Subordinated Loan Special Appropriation Amendment Bill (2008/09-2010/11 financial years) [B17-2015]: National Treasury briefing
10 Jun 2015
National Treasury presented the contents of the two Bills. Essentially the Eskom Special Appropriations Bill provides for government through the Department of Public Enterprises to purchase R23 billion worth of equity in Eskom, subject to payment of the proceeds from the sale of certain non-strategic assets into the National Revenue ...
NCOP Finance
Financial and Fiscal Commission Amendment Bill [B1-2015]: final mandates and committee report
10 Jun 2015
Six Provincial Legislatures read their Final Mandates in respect of the Financial and Fiscal Commission Amendment Bill. The Bill received support from Gauteng, KZN, Northern Cape, North West and Mpumalanga. The Western Cape did not support the Bill. Free State and Eastern Cape did not submit. Limpopo did not submit ...
NCOP Appropriations
National Health Insurance Grant projects; Department of Health and National Treasury on its expenditure & overall performance
9 Jun 2015
The Select Committee on Appropriations was briefed by delegations from the National Treasury and the National Department of Health about the expenditure and performance of the National Health Insurance pilot programme, which was in its fourth year of a 15-year rollout.
The National Treasury presented expenditure trends of the National ...
NCOP Finance
National and Provincial Treasury briefings on provincial fiscal patterns: Limpopo and Western Cape
5 Jun 2015
National Treasury, and the Western Cape and Limpopo Provincial Treasuries presented briefings on the financial and fiscal position in these provinces, including revenue and expenditure budgets. National Treasury gave an overview of the position, highlighting the main patterns of spending and some of the challenges.
National Treasury noted that Limpopo ...
NCOP Appropriations
How Local Government & Provincial Equitable Share Formulas work: Treasury briefing; Stoppage of Local Government Equitable Share to 60 municipalities: FFC briefing
13 May 2015
National Treasury
Treasury said that local government and provinces were entitled to the equitable share to provide basic services and perform prescribed functions. Budgetary conditions were set as well others requirements to ensure the money was used as allocated. There were controls over how the money was spent based on ...
NCOP Finance
Auditing Profession Amendment Bill: National Treasury briefing & adoption; Banks Amendment Bill, Financial &Fiscal Commission Amendment Bill: National Treasury briefings
6 May 2015
National Treasury presented a briefing on the Auditing Profession Amendment Bill. Auditors were regulated by the Independent Regulatory Board for Auditors (IRBA), whose primary objective was to protect the public through the regulation of the auditing profession. The objects of the Amendment Bill were to provide for the regulation of ...
NCOP Finance
National Treasury briefings: Tax treaties & double-taxation agreements with Cameroon, Qatar, Hong Kong, Lesotho, Cyprus; Exchange Information agreement with Grenada; BRICS New Development Bank & Contingent Reserve Arrangement
28 Apr 2015
National Treasury briefed the Committee on the purpose and effect of tax treaties, protocols and double taxation agreements in general, pointing out where these were authorised by the Constitution, what the requirements were, particularly the requirement that they be ratified by Parliament, and how any tax treaties so adopted were ...
NCOP Appropriations
Division of Revenue Bill [B5-2015] negotiating mandates: National Treasury response; Final mandates
28 Apr 2015
National Treasury responded to comment and recommendations made by Eastern Cape, Free State, Gauteng, Limpopo and Mpumalanga Negotiating Mandates.
In the discussion that followed, Members suggested that perhaps provincial legislatures needed to meet with the Financial Fiscal Commission more than once a year. There seemed to be divergent views amongst ...
NCOP Finance
Minister of Finance update on Termination of Limpopo Province Section 100(1)(b) Intervention
22 Apr 2015
The Minister of Finance and the Chief Administrator briefed the Committee on issues contained in the Select Committee Report on the Section 100(1) Intervention in Limpopo Province. The purpose of the briefing was to provide feedback about the Committee’s observations. The importance of making the distinction between section 100(1)(b) and ...