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Finance Standing Committee
Asian Infrastructure Investment Bank Agreement: National Treasury briefing & Ratification
22 Nov 2022
The Standing Committee on Finance was briefed by National Treasury on the Asian Infrastructure Investment Bank (AIIB) Agreement.
The Committee was asked to:
-consider Cabinet’s 21 September 2022 decision approving South Africa to join the Asian Infrastructure Investment Bank (AIIB) through ratification of the Articles of Agreement
-approve the ...
Finance Standing Committee
Tax Bills: adoption; SA Postbank Ltd Amendment Bill: DCDT briefing (joint meeting)
16 Nov 2022
The Standing Committee on Finance considered and adopted the Tax Administration Laws Amendment Bill and the Taxation Laws Amendment Bill. The two accompanying reports were also approved.
The Standing Committee on Finance was joined by the Portfolio Committee of Communications and Digital Communications to be briefed ...
Finance Standing Committee
Rates Bill: adoption; SA Postbank Ltd Amendment Bill: discussion
15 Nov 2022
The Committee met virtually to consider the Rates and Monetary Amounts and Amendment of Revenue Laws Amendment Bill (Rates Bill).
Key tax proposals contained in the 2022 Rates Bill include the following:
▪ Tax announcements made in the 2022 Budget, dealing with changes in rates and monetary thresholds to ...
Finance Standing Committee
General Laws (Anti-Money Laundering and Combatting Terrorism Financing) Amendment Bill: adoption
11 Nov 2022
The Standing Committee on Finance met on the virtual platform to consider the General Laws (Anti-Money Laundering and Combatting Terrorism Financing) Amendment Bill.
The legislation is an omnibus Bill aimed at amending various pieces of legislation to address deficiencies related to combatting money laundering and terrorism financing and bring ...
Finance Standing Committee
Postponed: General Laws (Anti-Money Laundering and Combatting Terrorism Financing) Amendment Bill: consideration
10 Nov 2022
The Standing Committee on Finance convened on the virtual platform intending to deliberate and consider the General Laws (Anti-Money Laundering and Combatting Terrorism Financing) Amendment Bill (“General Laws Bill”).
Due to the countrywide load shedding, many Members were unable to connect to the Zoom platform. Thus, ...
Finance Standing Committee
2022 Revised Fiscal Framework: Committee Report
8 Nov 2022
2022 Revised Fiscal Framework and Revenue Proposals
The Select Committee on Finance and Standing Committee on Finance held a joint meeting to consider the 2022 Revised Fiscal Framework.
Members made a few technical additions. Other additions included an accurate reflection of unemployment and the need for ...
Finance Standing Committee
2022 Revised Fiscal Framework and Revenue Proposals: National Treasury response to public submissions
4 Nov 2022
2022 Revised Fiscal Framework and Revenue Proposals
Convening on a virtual platform, officials from National Treasury briefed a joint meeting of the Standing and Select Committees on Finance on public submissions received on the 2022 revised fiscal framework and revenue proposals.
National Treasury’s approach to addressing structural challenges in ...
Finance Standing Committee
2022 Revised Fiscal Framework and Revenue Proposals: public hearings
2 Nov 2022
2022 Revised Fiscal Framework and Revenue Proposals
The Standing Committee on Finance and the Select Committee on Finance met to conduct public hearings on the Revised Fiscal Framework and Revenue Proposals.
The following organisations made submissions: Congress of South African Trade Unions (COSATU); South African Institute of Chartered Accountants ...
Finance Standing Committee
General Laws (Anti-Money Laundering and Combatting Terrorism Financing) Amendment Bill: finalisation (postponed)
1 Nov 2022
The Committee was meant to finalise the General Laws (Anti-Money Laundering and Combatting Terrorism Financing) Amendment Bill at this meeting.
However, it decided not to proceed with the meeting for two reasons:
First, Treasury only submitted its report on all the amendments made to the bill today. This meant ...
Finance Standing Committee
2022 MTBPS: PBO & FFC briefing
1 Nov 2022
2022 Medium-Term Budget Policy Statement (MTBPS)
In a joint meeting with the Standing Committee on Appropriations and the Select Committees on Finance and Appropriations, the Committee received an analysis of the 2022 medium-term budget policy statement from the Parliamentary Budget Office (PBO) and Financial and Fiscal Commission (FFC).
The ...