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Finance Standing Committee
Adoption of Committee minutes and Quarter Two Programme
29 Mar 2022
The Standing Committee on Finance met on a virtual platform for the consideration and adoption of the draft Committee minutes from 2 March 2021 to 23 March 2022, and for the consideration and adoption of the proposed second term programme.
The Committee was taken through the minutes briefly since Members ...
Finance Standing Committee
National Treasury 2022/23 Annual Performance Plan; with Deputy Minister
23 Mar 2022
National Treasury Annual Performance Plan 2022/23
In a virtual meeting, National Treasury briefed the Committee on its 2022/23 Annual Performance Plan.
Treasury highlighted that as the pandemic continued, there would be global uncertainties that could devastate the local economy. In addition, Treasury would need to be resilient to overcome the systemic ...
Standing Committee on Appropriations
2022 Division of Revenue Bill: Finalisation & Committee Report
22 Mar 2022
The Committee met to adopt consider and adopt the Committee Report on the 2022 Division of Revenue Bill.
Members made amendments to the Report that:
-National Treasury come up with a mechanism to ensure the work contracted by government is equitably spread amongst service providers, ...
Finance Standing Committee
2022 Tax Proposals; Draft Rates & Monetary Amounts & Amendment of Revenue Laws Bill
22 Mar 2022
Draft Rates and Monetary Amounts and Amendment of Revenue Laws Bill
National Treasury and the South African Revenue Service (SARS) presented in detail the Budget tax proposals which Minister of Finance announced in the Budget Speech on 23 February 2022.
• Key proposals are a reduction of Corporate Income Tax ...
Finance Standing Committee
2022 Fiscal Framework and Revenue Proposals: public hearings
2 Mar 2022
2022 Budget Speech & Key Documents
In this virtual meeting, the Standing and Select Committees on Finance held public hearings on the 2022 Fiscal Framework and Revenue Proposals. Nine organisations presented brief oral presentations.
The South African Institute of Chartered posed a number of questions of Parliament relating to ...
Finance Standing Committee
2022 Budget: FFC & PBO briefing
1 Mar 2022
2022 Budget Speech & Key Documents
In this virtual meeting, Parliament’s finance and appropriations committees from both houses met jointly with the Financial and Fiscal Commission (FC) and the Parliamentary Budget Office (PBO) to discuss the 2022 Budget.
The PBO informed the Committee it was unclear whether the 2022 ...
Finance Standing Committee
2022 Budget: Treasury briefing, with Minister & Deputy Minister
24 Feb 2022
2022 Budget Speech & Key Documents
In this virtual meeting, Parliament’s finance and appropriations committees from both houses met jointly with the Minister of Finance, his Deputy and senior National Treasury officials to discuss the 2022 Budget. The Minister had tabled his budget proposals the previous day.
The spiralling ...
Finance Standing Committee
Processing regulations in terms of section 65(1) of Financial Management of Parliament and Provincial Legislatures Act: Annual Financial Statements submission
17 Feb 2022
Financial Management of Parliament and Provincial Legislatures Act (Act No 10 of 2009
The Standing Committee on Finance and the Select Committee on Finance (the Committees) convened jointly in a virtual meeting for a briefing by Parliamentary Legal Advisors and the Acting CFO of Parliament to discuss the processing ...
Finance Standing Committee
Financial Action Task Force Mutual Evaluation Report: Financial Intelligence Centre briefing
15 Feb 2022
The Standing Committee on Finance was briefed by officials from National Treasury and the Financial Intelligence Centre (FIC) on the mutual evaluation of South Africa’s Anti-Money and Laundering and Combating of the Financing of Terrorism (AML/CFT) system.
Members were informed that the country ...
Finance Standing Committee
National Treasury & SARS briefing: Financial Sector and Deposit Insurance Levies Bill & Financial Sector and Deposit Insurance Levies (Administration) and Deposit Insurance Premiums Bill
9 Feb 2022
In a virtual meeting, the Portfolio Committee on Finance was briefed by National Treasury on the Financial Sector and Deposit Insurance Levies Bill, and the Financial Sector and Deposit Insurance Levies (Administration) and Deposit Insurance Premiums Bill.
The Financial Sector and Deposit Insurance Levies Bill is the final implementing ...