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Finance Standing Committee
Closure of bank accounts: engagement with Gardee Godrich Attorneys, National Treasury & Regulators
7 Sep 2022
In this virtual meeting, the Portfolio Committee on Finance was briefed by Gardee Godrich Attorneys, National Treasury, the Prudential Authority, the Financial Sector Conduct Authority, and the Financial Intelligence Centre on the arbitrary and unilateral closure of bank accounts.
Gardee Godrich Attorneys reported that it represented clients in a matter ...
Finance Standing Committee
General Laws Amendment Bill (Anti-Money Laundering and Combating Terrorism Financing) Bill: NT & FIC briefing
31 Aug 2022
In this virtual meeting, National Treasury and the Financial Intelligence Centre briefed the Committee on the General Laws Amendment Bill (Anti-Money Laundering and Combating Terrorism Financing).
The Committee heard South Africa was rated poorly in the Mutual Evaluation Report published in October 2021. South Africa failed in 20 of ...
Finance Standing Committee
Financial Intelligence Centre Act schedule amendments: finalisation
30 Aug 2022
Draft Amendments to Schedules 1, 2 and 3 Financial Intelligence Centre Act
Financial Intelligence Centre Act 2001 (Act No 38 of 2001)
The Standing Committee on Finance considered the report on the amendments to Schedules 1, 2, and 3 to the Financial Intelligence Centre Act, 2001 ...
Standing Committee on Appropriations
FFC on 2023/24 Division of Revenue Bill Submission
24 Aug 2022
In this virtual meeting, the Committee was briefed by the Financial and Fiscal Commission (FFC) on the 2023/24 division of revenue.
The FFC presented how government has had to balance the maintenance of fiscal sustainability alongside the need to provide social relief interventions in the face of the pandemic, ...
Finance Standing Committee
Financial Intelligence Centre Act schedule amendments: NT response to public submissions
24 Aug 2022
Video (Part 1)
Video (Part 2)
Draft Amendments to Schedules 1, 2 and 3 Financial Intelligence Centre Act
Financial Intelligence Centre Act 2001 (Act No 38 of 2001)
National Treasury and the Financial Intelligence Centre (FIC) briefed the Committee in a virtual meeting on the Joint Conduct Standards of the ...
Finance Standing Committee
2022 Draft Rates, Revenue & Tax Bills: National Treasury & SARS briefing
23 Aug 2022
Video (Part 1)
Video (Part 2)
National Treasury and the South African Revenue Service (SARS) briefed the Standing Committee in a virtual meeting on the draft Tax Administration Laws Amendment Bill (TALAB) and the draft Taxation Laws Amendment Bill (TLAB). The presentation discussed the 2022 draft rates and monetary amounts ...
Finance Standing Committee
Phala Phala Matter, South African Reserve Bank & Prudential Authority 2021/22 Annual Reports
17 Aug 2022
The Standing Committee on Finance were briefed by the South African Reserve Bank (SARB) and the Prudential Authority (PA) on their annual reports for 2021/22.
Before the SARB and PA presentation could begin, an EFF Member insisted the SARB and PA should account to the Committee and answer the ...
Finance Standing Committee
Public Finance Management Amendment Bills: Motions of Desirability
15 Jun 2022
The Committee met to consider motions of desirability on two Private Members’ Bills to amend the Public Finance Management Act. The majority of Members rejected the motions.
DA Members sponsoring the Public Finance Management Amendment Bills argued that the Committee should agree to the proposed amendments rather than accept ...
Finance Standing Committee
Public Finance Management Amendment Bills: response to submissions
14 Jun 2022
The virtual meeting dealt with the responses to National Treasury submission on the two Private Members Bills amending the Public Finance Management Act.
• The Public Finance Management Amendment Bill [B41-2018] drafted by MP Lees aims to amend the Public Finance Management Act to provide for parliamentary oversight when ...
Finance Standing Committee
GEPF & GPAA 2020/21 Annual Reports
8 Jun 2022
Government Employees Pension Fund (GEPF)
The Finance Standing Committee met with the Government Employees Pension Fund (GEPF), the Government Pension Administration Agency (GPAA), National Treasury (NT) and stakeholders in a virtual meeting to deliberate on the 2020/21 Annual Reports of the two entities.
The GEPF reported it had achieved significant ...