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NCOP Finance
Gauteng Provincial Treasury on its Quarter 3 & 4 performance
11 May 2016
The National Treasury and Gauteng Provincial Treasury briefed the position on the general spending, and the spending of individual provincial departments in Gauteng in the third and fourth quarters of the 2015/16 financial years. It was noted that the Gauteng Provincial Government (GPG) underspent by R2.2 billion although over spending ...
NCOP Appropriations
Western Cape Municipal Infrastructure Grant (MIG) performance
10 May 2016
The Committee was taken through the performance record of Municipal Infrastructure Grant (MIG) expenditure by the Western Cape provincial government for the preceding five years. Situational analysis for the second quarter indicated that 6 municipalities were above 50%; 11 were between 40 and 50%, 4 were between 30 and 40%, ...
Constitutional Review Committee
Constitutional Amendment submissions: public hearings
15 Apr 2016
The Constitutional Review Committee met to receive four submissions from the public.
Advocate Hoffman, of Accountability Now, proposed that a new anti-corruption commission called an integrity commission be set up. This commission’s role would be to satisfy five criteria in order to conform to the requirements outlined by the Constitutional ...
NCOP Appropriations
Division of Revenue Bill [B2-2016]: public hearings
12 Apr 2016
The SALGA submission stated that there had to be increased accountability and consequences for management of limited resources by local government. Within the context of decreased allocations, SALGA argued for protection of allocations to poor and rural municipalities. The serious decline in the Municipal Systems Improvement Grant was cause for ...
NCOP Appropriations
Provincial conditional grants 3rd quarter 2015 performance: National Treasury briefing
5 Apr 2016
National Treasury provided the expenditure figures for each of the nine provinces. The required norm is 75% spent by the end of the third quarter. Percentages fell short of the required percentage in many instances. Grants where underspending was most prevalent were Agriculture; Arts and Culture; Social Development, and the ...
NCOP Finance
Revenue Laws Amendment Bill [B6-2016]: briefing, consideration and adoption
16 Mar 2016
The Committee was briefed by National Treasury on the Revenue Laws Amendment Bill and considered and approved the Bill, with the DA dissenting. The Bill provides an amendment to the Taxation Laws Amendment Act to postpone the commencement date from 1 March 2016 to 1 March 2018 for certain provisions ...
Finance Standing Committee
Revenue Laws Amendment Bill [B4-2016]: public hearings; Treasury, COSATU, ASISA submissions
3 Mar 2016
Co-Chairperson Mr Y Carrim (ANC) read out a statement, which drew heavily from the November 2015 Report of the Standing Committee on Finance to the National Assembly, on behalf of the Standing Committee. This statement mainly dealt with allegations that there had been insufficient or no consultation by that Committee ...
Finance Standing Committee
2016 Budget: Public hearings
2 Mar 2016
The joint sitting of the Standing and Select Committees on Finance heard submissions from six entities on the Revenue Laws Amendment Bill. The entities were the Congress of South African Trade Unions (COSATU), the Witwatersrand University’s School of Economics and Business Science, the Federation of Unions of South Africa (FEDUSA), ...
NCOP Finance
Land Bank on their Corporate Plan for 2015/16 – 2017/18 briefing
16 Feb 2016
Land Bank briefed the Committee on its Corporate Plan. It noted that it shares characteristics of both a commercial bank and a Development Finance Institution(DFI). It would be meeting in the following week to approve the final Corporate Plan, which would be subject to approval of the National Treasury (NT). ...
NCOP Finance
Taxation Laws Amendment Bill [B29B-15]; Tax Administration Laws Amendment Bill [B30-15]: briefing & adoption; Committee Report on Limpopo oversight visit
27 Nov 2015
The Committee heard a joint presentation from National Treasury and the South African Revenue Service on the Taxation Laws Amendment Bill [B29B-2015] and the Tax Administration Laws Amendment Bill [B30-2015]. The presentation dealt with changes to the law in the areas of general business taxes, taxation of financial institutions and ...