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Finance Standing Committee
Fiscal Responsibility Bill: legal briefing and discussion of public submissions
25 Aug 2021
In a virtual meeting, the Committee received a briefing on legal issues arising from public submissions on the Fiscal Responsibility Bill, a Private Member’s Bill sponsored by Mr G Hill Lewis (DA). Thereafter the Committee discussed the public submissions, with further input from National Treasury.
Parliamentary legal services reported ...
Finance Standing Committee
Pension Funds Amendment Bill: briefing on public submissions & discussion
24 Aug 2021
In this virtual meeting, the Committee was briefed by the Parliamentary Legal Advisor on the public comments regarding the Pension Funds Amendment Bill. The Committee received submissions from the Association for Savings and Investment South Africa (ASISA); Banking Association of South Africa (BASA); Batsetsa Council of Retirement Funds for ...
Finance Standing Committee
SARB & Prudential Authority 2020/21 Annual Reports
18 Aug 2021
The Committee met virtually to receive a briefing on the annual reports of the South African Reserve Bank (SARB) and the Prudential Authority for the 2020/21 financial year.
SARB opened the briefing with a presentation on South Africa’s macroeconomic outlook. Following the shock of the ...
Finance Standing Committee
Draft Tax and Rates Bills: National Treasury & SARS briefing
17 Aug 2021
2021 Draft Taxation Laws Amendment Bill (TLAB)
2021 Draft Tax Administration Laws Amendment Bill (TALAB)
2021 Draft Rates and Monetary Amounts and Amendment of Revenue Laws Bill (Rates Bill)
In this virtual meeting, the Committee was briefed by National Treasury (NT) and the South African Revenue Services (SARS) ...
Finance Standing Committee
Financial Sector Laws Amendment Bill: finalisation
2 Jun 2021
Video: Standing Committee on Finance, 02 June 2021
The Committee conducted a clause by clause review of the Financial Sector Laws Amendment Bill (FSLAB), along with the provisional amendments to clauses 6, 8, 32, 33, 34, 35, and 51 of the FSLAB. The Bill, with the changes highlighted in the ...
Finance Standing Committee
Fiscal Responsibility Bill: public hearings
1 Jun 2021
Video: Standing Committee on Finance, 01 June 2021
The Standing Committee on Finance met to discuss the DA-proposed Fiscal Responsibility Bill. The Bill proposed a debt ceiling for South Africa. The Bill sought to promote “fiscal responsibility” by obligating government debt exposure reduction, as well as introducing fiscal rules for ...
Finance Standing Committee
Financial Sector Laws Amendment Bill: National Treasury & SARB response to submissions
26 May 2021
Video: Standing Committee on Finance, 26 May 2021
In this virtual meeting, the Committee was briefed by National Treasury (NT) and the South African Reserve Bank (SARB) on their response to the Financial Sector Laws Amendment (FSLA) Bill submissions.
Treasury agreed to the amendments to clauses 6, 8, 32, 34 ...
Finance Standing Committee
Pension Funds Amendment Bill: public hearings
19 May 2021
Video: Standing Committee on Finance
The Standing Committee on Finance held a public hearing on a virtual platform to hear oral submissions on the Pension Funds Amendment Bill, a Private Member’s Bill drafted by DA MP Dion George. Six stakeholders made presentations, two of whom joined in a single ...
Finance Standing Committee
Financial Sector Laws Amendment Bill: public hearings
18 May 2021
Video: Standing Committee on Finance
The Standing Committee on Finance met on a virtual platform to hear public comment on the Financial Sector Laws Amendment Bill. Two organisations made presentations: the Congress of South African Trade Unions (COSATU) and Betweenity, an independent news ‘app’ that tracks competition law and policy ...
Finance Standing Committee
Follow-Up Meeting with National Treasury, PIC, Sekunjalo Group and Mr Maponya
12 May 2021
Video: Standing Committee on Finance
Audio: National Treasury, PIC, Sekunjalo Group & Mr Maponya follow-up meeting
17 Mar 2021: Mpati Commission Report: input from Sekunjalo Group and Mr Maponya
The Standing Committee on Finance met for a follow-up virtual meeting with National Treasury, the Public Investment Corporation (PIC), Dr Iqbal ...