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NCOP Finance
Tax Bills (TLAB &TALAB): public hearings and Treasury’s response
27 Nov 2019
The Select committee received an oral presentation from the 12J Association on the proposal in the 2019 Tax Bill to place caps on the tax deductions provided under section 12J of the Income Tax Act to investors in Venture Capital Companies (VCCs).
The association called for the cap of R2.5 ...
NCOP Appropriations
Division of Revenue Amendment Bill [B15-2019]: Final Mandates & Committee Report
26 Nov 2019
The Select Committee met to consider the final mandates from provincial legislatures on the Division of Revenue Amendment Bill (DoRAB). Eight of the nine provinces reported that they had authorised their delegates to the National Council of Provinces (NCOP) to vote in favour of the Bill. The Western Cape Legislature ...
NCOP Appropriations
Division of Revenue Amendment Bill [B15-2019]: negotiating mandates
25 Nov 2019
The Select Committee on Appropriations considered the preliminary mandates submitted by provincial legislatures on the Division of Revenue Amendment Bill.
All the provincial legislatures voted in favour of the Bill, except for the Western Cape, which proposed seven amendments that should be provided in the Bill. Most provinces had concerns ...
Standing Committee on Appropriations
Division of Revenue Amendment Bill [B15-2019]: Salga briefing & public hearings
15 Nov 2019
The Standing and Select Committees on Appropriations heard submissions from the South
African Local Government Association (SALGA) and the Organisation Undoing Tax Abuse (OUTA) on the 2019 Division of Revenue Amendment Bill (DoRAB).
SALGA told the committees that the weaker economy meant that local government’s equitable share of national revenue ...
Joint Standing Committee on Financial Management of Parliament
Committee Report on 2018/19 Parliament’s performance & first half of 2019/20 performance: Committee Staff briefing
13 Nov 2019
The Joint Standing Committee on the Financial Management of Parliament was briefed by the Committee’s content and research staff on the performance of Parliament during the first half of the 2019/20 financial year.
Areas highlighted were the decline in performance – only six of the nine targets had been achieved ...
Joint Standing Committee on Financial Management of Parliament
Parliament 2019/20 first half performance: Secretary to Parliament briefing
13 Nov 2019
The Acting Secretary of Parliament briefed the Committee on the performance of Parliament during the first half of the 2019/20 financial year. The highlights included the induction of Members and the establishment of committees; the passing of the 2019/20 national budget; discussions on procedures for the removal of the Public ...
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 ...
Joint Standing Committee on Financial Management of Parliament
Parliament’s 2018/19 performance: Briefing by Committee Support staff, with AGSA input
6 Nov 2019
The Joint Standing Committee on the Financial Management of Parliament met for a briefing on Parliament’s Annual Report for 2018/19 by the Auditor-General South Africa, the Committee Content Advisor and the Committee Researcher, in preparation for the meeting at which the Acting Secretary of Parliament would present the report.
The ...
Finance Standing Committee
2019 Revised Fiscal Framework and Revenue Proposals: public hearings
6 Nov 2019
The Finance Committees of the National Assembly and the National Council of Provinces held a joint public hearing to receive submissions on the Medium Term Budget Policy Statement (MTBPS).
The Congress of South African Trade Unions (COSATU) told the committees that it found the MTBPS “shockingly weak and inadequate". Government ...
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 ...