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Standing Committee on Appropriations
Appropriation Bill & Second Adjustments Appropriation Bill: adoption
8 Jun 2022
In a virtual meeting, the Standing Committee adopted the 2022 Appropriation Bill and Second Adjustments Appropriation (2021/22 financial year) Bill. The Committee Reports on both Bills were approved without additions. The DA voted against and the EFF abstained for both Bills.
The Committee Researchers presented research ...
Finance Standing Committee
Tax administration challenges: Tax Ombudsman, SARS & NT briefing
7 Jun 2022
The Standing Committee on Finance and the Select Committee on Finance were briefed in a virtual meeting by the Tax Ombudsman, the South African Revenue Service (SARS) and National Treasury (NT) on tax administration challenges.
The Tax Ombud, Judge Bernard Ngoepe, said that the Office of the Tax Ombud (OTO) ...
Finance Standing Committee
Public Finance Management Amendment Bills: public hearings
7 Jun 2022
The Committee held public hearings on two Private Members’ Bills (Public Finance Management Amendment Bill [B41-2018] and [B13-2020]) seeking to amend the Public Finance Management Act.
Only one oral submission from Lebut Solutions JW was made. The company’s submission proposed additional clauses to both Bills and did not speak ...
Finance Standing Committee
Development Bank of South Africa (DBSA) Quarterly Reports; Committee Oversight Visit Reports
1 Jun 2022
The Standing Committee on Finance met on a virtual platform to receive a briefing from the Development Bank of Southern Africa (DBSA) on its Quarterly Report for the final quarter of the 2021/22 financial year.
The Bank informed the Committee that it could not get into ...
Finance Standing Committee
Committee Report on Oversight visit to SASRIA, Land Bank & Financial and Fiscal Commission
31 May 2022
The Standing Committee on Finance met virtually to consider and adopt the Committee’s report on oversight visits to the South African Special Risk Insurance Association (SASRIA), the Land Bank, and the Financial and Fiscal Commission (FFC). The report was presented by the Committee’s Content Advisor and ...
Finance Standing Committee
National Treasury Q4 Performance 2020/21; BEPS Multilateral Convention; Kuwait Taxation Agreement
25 May 2022
The Standing Committee on Finance met on a virtual meeting platform with National Treasury to receive a briefing on its fourth quarter performance for 2020/21.
National Treasury said it had managed to achieve 87% of quarter four indicators.
National Treasury admitted that it was not coping with municipalities as ...
Finance Standing Committee
Financial Management of Parliament and Provincial Legislatures Amendment Bill: briefing
24 May 2022
Financial Management of Parliament and Provincial Legislatures Amendment Act [B1-2014]
Financial Management of Parliament and Provincial Legislatures Act [Act 10 of 2009]
This Amendment Bill has been proposed to strengthen the budgeting and financial management processes in Parliament and provincial legislatures as identified by the CFOs of these institutions. ...
Finance Standing Committee
MP Lees PMB Public Finance Management A/B & MP Cachalia PMB Public Finance Management A/B
17 May 2022
In this virtual meeting, the Committee received a briefing on two Private Members’ Bills that seek to amend the Public Finance Management Act, namely the Public Finance Management Amendment Bill [B41 – 2018] and the Public Finance Management Amendment Bill [B13 – 2020].
The first bill was proposed by ...
Finance Standing Committee
National Treasury Budget: Committee Report
10 May 2022
The Committee met on a virtual platform to consider and adopt its Budget Vote Report for National Treasury: Vote 8. The report was adopted with amendments.
Standing Committee on Appropriations
Appropriation Bill & Second Adjustment Appropriation Bill: National Treasury briefing
3 May 2022
In this virtual meeting, the Committee was briefed by National Treasury on the Appropriation Bill and the Second Adjustments Appropriation Bill.
National Treasury informed the Committee that the 2022 Budget continues to consolidate public finances while providing immediate support for the pandemic response, job creation and social protection. The ...