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NCOP Finance
Financial Sector and Deposit Insurance Levies (Administration) and Deposit Insurance Premiums Bill & Financial Sector and Deposit Insurance Levies Bill: NT briefing
2 Aug 2022
The Select Committee on Finance convened in a virtual meeting to be briefed by National Treasury (NT) on the Financial Sector and Deposit Insurance Levies (Administration) and Deposit Insurance Premiums Bill, and the Financial Sector and Deposit Insurance Levies Bill.
The legislation provided the resources necessary to execute the ...
NCOP Appropriations
Appropriation Bill & Second Adjustments Appropriation Bill: adoption
22 Jun 2022
The Select Committee on Appropriations met on a virtual platform to adopt its reports on the Appropriation Bill [B7 – 2022] and Second Adjustments Appropriation (2021/22 Financial Year) Bill [B8 – 2022].
Both reports were adopted but with the objection of the Democratic Alliance (DA) and ...
NCOP Finance
BEPS Multilateral Convention & Kuwait Double Taxation Agreement
21 Jun 2022
National Treasury and the South African Revenue Service (SARS) gave a briefing on the Protocol amending the Agreement between the government of the Republic of South Africa (RSA) and the government of the State of Kuwait for the avoidance of double taxation and prevention of fiscal evasion with respect ...
Finance Standing Committee
National Treasury and FIC on Amendments to Schedule 1, 2 & 3 of the Financial Intelligence Centre Act
15 Jun 2022
Financial Intelligence Centre Act, 2001
The Standing Committee on Finance and Select Committee on Finance convened jointly on a virtual platform to be briefed by National Treasury and the Financial Intelligence Centre on amendments to schedule one, two and three of the Financial Intelligence Centre Act, 2001 (Act 38 ...
Standing Committee on Auditor General
2020/21 Local Government Audit Outcomes: AGSA briefing
15 Jun 2022
Audit Outcomes – Interactive Breakdown
In a virtual meeting, the Auditor-General of South Africa (AGSA) briefed three parliamentary committees on local government outcomes for 2020/2021, and expressed concerns about the financial health of municipalities and their inability to complete the most basic reporting functions.
The Auditor-General highlighted that ...
NCOP Finance
PIC Quarterly report & challenges in executing mandate; with Deputy Minister
14 Jun 2022
The Select Committee on Finance met on a virtual platform to receive a briefing from the Public Investment Corporation (PIC) on their quarterly report, specifically regarding the challenges in executing their mandate. The Deputy Minister of Finance provided the Committee with information on the Mpati Commission reports and recommendations ...
Finance Standing Committee
Tax administration challenges: Tax Ombudsman, SARS & NT briefing
7 Jun 2022
The Standing Committee on Finance and the Select Committee on Finance were briefed in a virtual meeting by the Tax Ombudsman, the South African Revenue Service (SARS) and National Treasury (NT) on tax administration challenges.
The Tax Ombud, Judge Bernard Ngoepe, said that the Office of the Tax Ombud (OTO) ...
Joint Standing Committee on Financial Management of Parliament
Parliament Q4 2021/22 Performance
3 Jun 2022
Parliament's senior management briefed the Committee on the institution's fourth quarter performance for the 2021/22 financial year. The presentation gave an overview of the institution’s performance overview as having met all set targets for the quarter under review. Parliament has spent 76 percent or R660.075m of its appropriated budget ...
Standing Committee on Appropriations
Second Adjustments Appropriation Bill: public hearing; Appropriation Bill: response to submissions; with Deputy Miniser
1 Jun 2022
In a joint virtual meeting, the Standing and Select Committees on Appropriations received a submission from the Congress of South African Trade Unions (COSATU) on the Second Adjustments Appropriation Bill which it supported. It welcomed the R18.1 billion SASRIA appropriation. The appropriation enabled workers who had lost wages, to ...
Standing Committee on Appropriations
Appropriation Bill: public hearings
31 May 2022
In a joint meeting, the Standing and Select Committees on Appropriations held public hearings on the Appropriation Bill. The Committees heard submissions from Equal Education, SAICA and COSATU. The main points in the submissions included the shrinking spend on school infrastructure; the inexplicable R3.4 billion budget for VIP protection ...