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Finance Standing Committee
Audit Action Plans for Finance Portfolio; with Deputy Minister
8 Feb 2022
The Standing Committee on Finance met on a virtual platform for a briefing from National Treasury and financial entities on their action plans relating to their audit outcomes for the 2020/21 financial year. The entities present were the Land Bank, the Government Pensions Administration Authority, ...
Finance Standing Committee
Finance Minister on R11 billion World Bank loan
1 Feb 2022
Media Statement: World Bank Loan to South Africa
The Standing Committee on Finance was briefed by the Minister of Finance, Mr Enoch Godongwana, on the recent R11 billion loan (approximately $750 million) from the World Bank. There had been a request from a Member to the Chairperson to request ...
Finance Standing Committee
Pension Funds Amendment Bill: Pension Funds Amendment Bill: Committee Report on Motion of Desirability
7 Dec 2021
In this virtual meeting, the Committee convened to consider and adopt its Committee Report on the Motion of Desirability on the Pension Funds Amendment Bill B30-2020.
The report noted that this Private Member’s Bill which was introduced in Parliament in November 2020 by Dr Dion George MP. The Committee had ...
Finance Standing Committee
Pension Funds Amendment Bill: Consideration of Motion of Desirability
1 Dec 2021
The Portfolio Committee on Finance met to consider a motion of desirability on the Pension Funds Amendment Bill [B30 – 2020]. This was a Private Member’s Bill which was introduced in Parliament in November 2020 by Dr Dion George MP. The Committee had held public hearings on 19 May ...
Finance Standing Committee
National Treasury & SARS Budget Review and Recommendation Report
30 Nov 2021
2021 Budget Review & Recommendations Reports – BRRR
In this virtual meeting, the Committee considered the 2021 Budgetary Review and Recommendations Report (BRRR) for National Treasury and the South African Revenue Services.
The meeting focused on the observations and recommendations in the Report. The report was adopted but a few ...
Finance Standing Committee
Tax Bills & Rates Bill: finalisation
24 Nov 2021
The Standing Committee on Finance considered and adopted the Rates and Monetary Amounts and Amendment of Revenue Laws Bill, Taxation Laws Amendment Bill and Tax Administration Laws Amendment Bill and the accompanying reports.
National Treasury requested an additional amendment be made to the Taxation Laws Amendment Bill. The Minister ...
Finance Standing Committee
2021 MTBPS: PBO & FFC briefing
16 Nov 2021
Video
2021 Medium Term Budget Policy Statement (MTBPS)
The Financial and Fiscal Commission (FFC) briefed the Joint Committees on Finance and Appropriations from both Houses on the 2021 Medium Term Budget Policy Statement (MTBPS).
The FFC welcomed the 2021 MTBPS tabled by the Minister of Finance, especially given the context ...
Finance Standing Committee
2021 MTBPS: National Treasury briefing, with Deputy Minister
16 Nov 2021
Video
2021 Medium Term Budget Policy Statement (MTBPS)
In a joint meeting with the Standing Committee on Appropriations and the Select Committees on Finance and Appropriations, the Committee received a briefing from the National Treasury about the 2021 medium-term budget policy statement, which the Minister had tabled the previous week. ...
Finance Standing Committee
National Treasury & SARS 2020/21 Annual Report & Audit Outcomes; with Deputy Minister
9 Nov 2021
The Auditor-General of South Africa briefed the Standing Committee on Finance on the audit outcomes of National Treasury and its entities. The presentation covered 16 audits, 15 of which had been completed; one audit was still outstanding at the date of presentation. The financial portfolio had ...
Standing Committee on Appropriations
Second Special Appropriation Bill: adoption
21 Sep 2021
Video
The Standing Committee on Appropriations adopted its report on the Second Special Appropriations Bill [B17-2021] for the allocation of R32.85 billion to various departments and institutions to deal with the ravages of the Covid-19 pandemic and also to deal with the effects of the July unrest, which occurred mainly ...