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Standing Committee on Appropriations
SAA Board and Executive on its future strategies and recapitalisation
21 Nov 2017
The R10 billion injection given to SAA would never take the airline to the desired positive equity position.
This is what SAA told the Standing Committee on Appropriations when briefing Parliament on its long-term strategy and funding. Finding an equity partner would be crucial for returning the airline to profitability. ...
Standing Committee on Appropriations
SAA & South African Post Office Recapitalisation: FFC & Treasury briefing
15 Nov 2017
The Committee received briefings from the Financial and Fiscal Commission (FFC) and National Treasury on the debt relief and recapitalisation of South African Airways (SAA) and South African Post Office (SAPO). This required additional appropriations of R13.5 billion to SAA and SAPO during the October 2017 Adjustment Budget.
FFC was ...
Standing Committee on Appropriations
SAA: Parliamentary Budget Office briefing; Committee Report on Division of Revenue Amendment Bill
13 Nov 2017
Document handed out: PBO Presentation [awaited]
The Parliamentary Budget Office (PBO) briefed the Committee on the key financial issues facing South African Airways (SAA) in order to provide guidance to Members when engaging with departments and entities. The briefing was based largely on SAA’s financial performance reports, including the preliminary results ...
Standing Committee on Appropriations
Division of Revenue Amendment Bill: public hearing
10 Nov 2017
Two submissions were presented on the Division of Revenue Amendment Bill at the public hearing before the Select and Standing Committees on Appropriations. The first submission came from the Rural Health Advocacy Project (RHAP), which to the surprise of Members, focused on the national and provincial funding mechanisms, rather than ...
Standing Committee on Appropriations
2017 MTBPS: Public Service Commission submission
8 Nov 2017
The Public Service Commission commented that the high turnover of departmental leadership was a risk area. The Commission advised that legislative frameworks be amended to curb the excessive independence of State Owned Enterprises. Departments had to exercise their oversight function over State Owned Enterprises. Departments tended to not fill vacancies ...
Standing Committee on Appropriations
2017 MTBPS: Financial and Fiscal Commission submission
7 Nov 2017
The Financial and Fiscal Commission briefed the Committee on the 2017 Medium Term Budget Policy Statement. The main problem, currently, was that the 2017 Medium Term Budget Policy Statement was formulated against a backdrop of an economy mired in low growth, which acted as a dead weight on the country’s ...
Standing Committee on Appropriations
2017 MTBPS: Human Sciences Research Council (HSRC) response
3 Nov 2017
The HSRC presented its comments on the 2017 Medium Term Budget Policy Statement. It noted the economic downturn and sluggish recovery in the South African economy; the decline in the growth forecast from 1.3% - 0.7%; the sharp contraction in fiscal revenue which undermines the fiscal framework; the sharp unemployment ...
Finance Standing Committee
Medium Term Budget Policy Statement 2017: Minister in the Presidency & Minister of Finance briefing
26 Oct 2017
The Minister in the Presidency together with the Minister of Finance, and National Treasury gave presentations on the 2017 Mandate Paper and the Medium-Term Budget Policy Statement.
The Minister in the Presidency explained that the purpose of the Mandate Paper is to function as a shorter-term instrument of national planning, ...
Joint Standing Committee on Financial Management of Parliament
Parliament 2016/17 audit: Auditor-General briefing & research analysis
24 Oct 2017
The Committee received briefings from the Auditor-General of South Africa (AGSA) and the research teams on Parliament’s 2016-17 annual report. The purpose of the meeting was to prepare the Committee and guide them on questions to pose and issues to probe when they met with the executive authority the following ...
Finance Standing Committee
Pre-MTBPS briefing by Parliamentary Budget Office
24 Oct 2017
The Standing Committees on Finance and Appropriations together with the Select Committees on Finance and Appropriations were briefed by the Parliamentary Budget Office (PBO) on the pre-Medium Term Budget Policy Statement (MTBPS). The briefing was meant to assist Members in identifying focus areas in relation to the MTBPS presentation by ...