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Finance Standing Committee
National Treasury & SARS 2018/19 Annual Report, with Deputy Minister
9 Oct 2019
The Standing Committee met with the Deputy Minister of Finance and senior National Treasury (NT) officials to be briefed on the NT’s annual report, following a meeting the previous day with the Auditor General of South Africa (AGSA) on the Treasury’s audit outcomes, which had highlighted irregular ...
Finance Standing Committee
National Treasury & entities audit outcomes: AGSA briefing
8 Oct 2019
The Auditor General of South Africa (AGSA) briefed the Committee on the annual audits carried out at the 16 regulatory and financial entities making up the government’s finance portfolio. It was part of a process leading to a hearing with the National Treasury on its annual report and the production ...
Finance Standing Committee
TLAB, TALAB, Rates Bill & Income Tax Amendment Bill: Treasury & SARS response to public submissions
18 Sep 2019
The meeting of the Standing Committee on Finance was primarily intended to hear the National Treasury’s responses to submissions made at public hearings the previous week on proposed amendments to the tax laws.
However, it started with brief submissions by Mercedes Benz South Africa and the National Association of Automobile ...
Finance Standing Committee
South African Reserve Bank & Prudential Authority on 2018/19 Annual Reports
11 Sep 2019
The Committee met with the South African Reserve Bank (SARB) and the Prudential Authority (PA) for a briefing on their 2018/19 annual reports.
The Reserve Bank, in presentation, warned that risks to the SA Reserve Bank’s growth forecasts are on the downside because of uncertainty over global growth. The Bank ...
Finance Standing Committee
TLAB, TALAB, Rates Bill & Income Tax Amendment Bill: public hearings
10 Sep 2019
Some of the proposed amendments to South Africa’s tax laws were vague and too broad in their application. This was the view expressed in submissions presented at a joint hearing of the Finance Committees of the National Assembly and the National Council of Provinces to discuss the proposed changes.
Among ...
Standing Committee on Appropriations
Special Appropriation Bill [B10-2019]: Department of Public Enterprises and Eskom briefings; with Minister
10 Sep 2019
The Minister said Eskom was a vital utility and crucial to the economy. It had been the target of state capture, and damage had been done to it. There had now been a two year period of recovery in the areas of governance, finance and operations, but the company was ...
Finance Standing Committee
Steinhoff Investigation update
4 Sep 2019
Steinhoff Latest Results
Steinhoff follow-up, with DPSA Minister present – 19 March 2019
Steinhoff matters: Mr Markus Jooste – 5 September 2018
Steinhoff matter: Ben le Grange – 29 August 2018
Steinhoff: follow-up meeting – 28 March 2018
Steinhoff International challenges – 31 January 2018
The Standing Committees on ...
Finance Standing Committee
National Treasury & SARS on TLAB, TALAB, Rates Bill & Income Tax Amendment Bill
3 Sep 2019
The Standing Committee on Finance met jointly with the Select Committee on Finance for a briefing by National Treasury and the South African Revenue Service (SARS) on the 2019 Draft Rates and Monetary Amounts and Amendment of Revenue Laws Bill (Rates Bill); the 2019 Draft Income Tax Amendment Bill; the ...
Standing Committee on Appropriations
National Treasury Quarter 1 performance; Parliamentary Budget Office on its Quarterly Economic Brief and analysis NDP Outcome 6
27 Aug 2019
The Committee was informed by National Treasury (NT) of the quarterly expenditures by national departments and their entities, indicating those that had overspent and underspent and the ways that Treasury had tried to intervene. Of great concern was that most departments had underspent their budgets, because if money was available ...
Finance Standing Committee
Induction Workshop: Financial Advisory and Intermediary Services, IRBA, DBSA, Pension Funds Adjudicator & Land Bank
21 Aug 2019
As part of its induction workshop, the Committee received presentations from the Financial Advisory and Intermediary Services, Independent Regulatory Board for Auditors, Office of the Pension Funds Adjudicator, Development Bank of Southern Africa and the Land Bank.
All the entites presented on their roles, challenges faced and the compliance and ...