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Finance Standing Committee
Pre-Budget briefing by Parliamentary Budget Office
25 Feb 2020
High debt levels, mass unemployment and poor economic growth were some of the issues raised at a pre-budget briefing given by the Parliamentary Budget Office to the Standing and Select Committees on Finance.
Committee Members were told that poor levels of investment remained a problem, and that there was a ...
Finance Standing Committee
GEPF 2018/19 Annual Report
19 Feb 2020
The Standing Committee on Finance raised concerns about the oversight of investments by the Government Employees’ Pension Fund (GEPF) when it received a briefing on the fund’s annual report. Members also raised questions about reports of a proposed bail-out of the Eskom power utility using R254 billion ...
Finance Standing Committee
Economic Performance and Outlook: South African Reserve Bank briefing
18 Feb 2020
The Finance Committees of the National Assembly and National Council of Provinces (NCOP) held a joint meeting to receive a briefing by the Governor of the South African Reserve Bank (SARB) and other officials on the Bank’s monetary policy.
They were told that lower inflation had created space for the ...
Finance Standing Committee
PIC & GEPF on Steinhoff; Transformation of the Financial Sector: Nedlac; Over-the Counter Derivative Transactions: NT briefing
3 Dec 2019
The Public Investment Corporation (PIC) briefed the Standing Committee on a mediation process between the Steinhoff Group and its creditors, including the PIC. It reported that Steinhoff had made a proposal involving funds from a third party known as “The White Knight”. The terms of this proposal remained strictly confidential. ...
Finance Standing Committee
TLAB, TALAB & Rates Bill: finalisation
20 Nov 2019
The Committee considered and approved two tax bills and the Rates bill.
National Treasury (NT) indicated that the key proposal for the Rates and Monetary Amounts and Amendments of Revenue Laws Bill in 2019 was to increase the excise duty of tobacco. Since the Bill was tabled in Parliament on ...
Finance Standing Committee
Illicit Tobacco Trade: SARS briefing
19 Nov 2019
The Standing Committee on Finance meeting on the illicit tobacco and cigarette trade was a follow up to an earlier hearing on the tax laws, at which Members heard that the legal trade was being endangered by illegal traders who paid no tax. The Chairperson said if nothing was done, ...
Finance Standing Committee
Committee Report on 2019 Revised Fiscal Framework and Revenue Proposals (MTBPS)
12 Nov 2019
The Standing Committee on Finance of the National Assembly and the Select Committee on Finance of the National Council of Provinces held a joint meeting to consider a Report to be tabled in Parliament on the 2019 Revised Fiscal Framework. After Members had agreed on changes to the Report, the ...
Finance Standing Committee
2019 Revised Framework: response by National Treasury to public submissions
8 Nov 2019
The Finance Committees of the National Assembly and the National Council of Provinces met jointly to received the National Treasury’s response to the public submissions on the 2019 Medium Term Budget Policy Statement (MTBPS).
Three main areas of discussion were identified: economic growth and revenue forecasts, fiscal sustainability, and general ...
Human Settlements, Water and Sanitation
Municipal Water Debt solutions; with Deputy Ministers
5 Nov 2019
This was a continuation of the 29 October joint meeting of the Portfolio Committee on Human Settlements, Water and Sanitation and Portfolio Committee on Cooperative Governance and Traditional Affairs about resolving municipal debt to water boards which has been increasing at an alarming rate. The Committees interrogated the presentations made ...
Human Settlements, Water and Sanitation
Debt owed to water boards: input from COGTA, SALGA, National Treasury & DWS
29 Oct 2019
The Portfolio Committee on Human Settlements, Water and Sanitation and Portfolio Committee on Cooperative Governance and Traditional Affairs were jointly briefed about resolving the debt of municipalities to the water boards.
The Department of Cooperative Governance and Traditional Affairs (COGTA) spoke on the role it played to assist municipalities in ...