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Finance Standing Committee
2019 MTBPS: PBO & FFC briefing
5 Nov 2019
Members of the Finance and Appropriations Committees heard opposing views on what should be done to restore the country’s finances when they were briefed on the Medium Term Budget Policy Statement (MTBPS) by the Financial and Fiscal Commission (FFC) and the Parliamentary Budget Office (PBO).
In its presentation, the FFC ...
Finance Standing Committee
Medium Term Budget Policy statement: Minister & National Treasury remarks
31 Oct 2019
The Finance and the Appropriations Committees of the National Assembly and National Council of Provinces, as well as provincial committee members, met with the Minister of Finance and National Treasury for a preliminary discussion on the Medium Term Budget Policy Statement which the Minister had delivered to Parliament the previous ...
Finance Standing Committee
Finance Budgetary Review and Recommendations Report
23 Oct 2019
Available here once adopted: BRRR 2019
The Committee was convened to discuss and adopt the Budgetary Review and Recommendation Report of the Standing Committee on Finance, dated 23 October 2019
The Committee agreed that only section 16 of the Report should be discussed at the meeting – this covered ...
Finance Standing Committee
PBO Director appointment; MTBPS programme
22 Oct 2019
The two Finance and the two Appropriations Committees of the National Assembly (NA) and the National Council of Provinces (NCOP) have agreed on a process to fill the vacant position of Director of the Parliamentary Budget Office. This follows a letter from the Presiding Officers of the two Houses informing ...
Finance Standing Committee
Financial Intelligence Centre 2018/19 Annual Report; with Deputy Minister
16 Oct 2019
The Standing Committee was briefed by executives of the Financial Intelligence Centre (FIC) on the FIC’s report for the 2018/19 financial year.
Opening remarks were made by the Deputy Minister of Finance, who said a key priority of the government was to fight corruption and build an ...
Finance Standing Committee
PIC on its 2018/19 Annual Report, with Deputy Minister
15 Oct 2019
Public Investment Corporation 2018/19 Annual Report 9MB
Deputy Minister of Finance, Dr David Masondo, emphasised the importance of the Public Investment Corporation (PIC) investing R2 trillion in pension savings of workers. He said a shortage of capital was one of the causes of poor economic growth. Capital growth required savings and ...
Finance Standing Committee
National Treasury & SARS 2018/19 Annual Report, with Deputy Minister
9 Oct 2019
The Standing Committee met with the Deputy Minister of Finance and senior National Treasury (NT) officials to be briefed on the NT’s annual report, following a meeting the previous day with the Auditor General of South Africa (AGSA) on the Treasury’s audit outcomes, which had highlighted irregular ...
Finance Standing Committee
National Treasury & entities audit outcomes: AGSA briefing
8 Oct 2019
The Auditor General of South Africa (AGSA) briefed the Committee on the annual audits carried out at the 16 regulatory and financial entities making up the government’s finance portfolio. It was part of a process leading to a hearing with the National Treasury on its annual report and the production ...
Finance Standing Committee
TLAB, TALAB, Rates Bill & Income Tax Amendment Bill: Treasury & SARS response to public submissions
18 Sep 2019
The meeting of the Standing Committee on Finance was primarily intended to hear the National Treasury’s responses to submissions made at public hearings the previous week on proposed amendments to the tax laws.
However, it started with brief submissions by Mercedes Benz South Africa and the National Association of Automobile ...
Finance Standing Committee
Nugent Commission recommendations: progress report by SARS
17 Sep 2019
Nugent Commission of Inquiry into SARS: interim findings and recommendations
The Committee was told that it would take two years to undo the damage done by the “massive failure of governance” as described by the Nugent Commission, under the former SARS Commissioner.
Treasury Deputy Director General Ismail Momoniat said both ...