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NCOP Appropriations
Division of Revenue Bill: Salga & PBO input
27 Mar 2024
The Select Committee received briefings in a virtual meeting from the South African Local Government Association (SALGA) and Parliamentary Budget Office (PBO) on the 2024 Division of Revenue Bill.
One of the main concerns raised by SALGA was that the local government sphere was underfunded, and was able to ...
NCOP Finance
Pension Funds Amendment Bill: National Treasury briefing
26 Mar 2024
The Select Committee on Finance met on a virtual platform for a briefing from National Treasury on the Pension Funds Amendment Bill.
The Pension Funds Amendment Bill was first published for public comments on 9 June 2023. The Bill introduced the “two-pot” retirement system intended to ensure the preservation ...
NCOP Finance
Revenue Laws Amendment Bill: adoption
25 Mar 2024
Report of the meeting to follow.
In this virtual meeting, the Committee convened to finalise the Revenue Laws Amendment Bill.
In this Bill, the government proposes implementing the “two-pot” retirement system to address the concerns related to lack of preservation before retirement and lack of access to retirement ...
NCOP Appropriations
Division of Revenue Bill; Second Adjustments Appropriation (2023/24 FY) Bill & GFECRA A/B: engagement with FFC
20 Mar 2024
The Select Committee on Appropriations convened in a virtual meeting to consult with the Financial and Fiscal Commission (FFC) on the Division of Revenue Bill, the Second Adjustments Appropriation Bill (2023/24 financial year), and the Gold and Foreign Exchange Contingency Reserve Account (GFECRA) Defrayal Amendment Bill.
The FFC said ...
NCOP Finance
Postponed: Response by National Treasury on the submissions to the Public Procurement Bill
14 Mar 2024
The meeting was postponed to technical difficulties
Standing Committee on Appropriations
Division of Revenue Bill & Second Adjustments Appropriation (2023/24 FY) Bill: Public Hearings
13 Mar 2024
The Standing Committee on Appropriations and the Select Committee on Appropriations convened jointly to receive briefings from various organisations, including Equal Education, the Public Service Accountability Monitor, the Rural Health Advocacy Project, the TB Accountability Monitor, the Western Cape Children’s Commissioner , Amandla.mobi, Budget Justice Coalition, Section27, and the ...
NCOP Finance
Revenue Laws Amendment Bill: National Treasury briefing
12 Mar 2024
The Select Committee on Finance convened virtually to be briefed by National Treasury on the 2023 Revenue Laws Amendment Bill (RLA Bill).
Regarding the “two-pots” system, the Committee was concerned about the default exclusion of people 55 years and older from the system. National Treasury explained that while there ...
NCOP Appropriations
Division of Revenue Bill; Second Adjustments Appropriation (2023/24 FY) Bill & Gold and Foreign Exchange A/B: National Treasury briefing
6 Mar 2024
In a virtual meeting, the Select Committee on Appropriations heard a briefing by National Treasury on the 2024 Division of Revenue Bill, the Second Adjustments Appropriation Bill, and the Gold and Foreign Exchange Contingency Reserve Account Defrayment Amendment Bill (GFECRA). This sparked much engagement ...
Finance Standing Committee
2024 Fiscal Framework & Revenue Proposals: Committee Report
5 Mar 2024
NCOP Finance
2024 Fiscal Framework & Revenue Proposals: Committee Report
5 Mar 2024
The Select Committee on Finance and Standing Committee on Finance held a joint virtual meeting to consider the 2024 Report on the Fiscal Framework and Revenue Proposals.
Discussions focused on the Observations and Recommendations section of the report. Members made comments and proposals about ...