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Finance Standing Committee
IRBA 2017/18 Annual Report
9 Oct 2018
The Committee met with the Independent Regulatory Board for Auditors (IRBA) for a presentation of its 2017/18 annual report.
IRBA’s strategic focus was protecting the financial interest of the public by ensuring that only suitably qualified individuals are admitted to the auditing profession, and that registered auditors ...
Finance Standing Committee
Steinhoff matters: Mr Markus Jooste
5 Sep 2018
VIDEO: Steinhoff former CEO grilled in Parliament
The Standing Committee on Finance; the Standing Committee on Public Accounts (Scopa); the Portfolio Committees on Trade and Industry and; the Portfolio Committee on Public Service and Administration met with the former Steinhoff CEO Mr Markus Jooste, on Steinhoff matters.
Mr Markus Jooste, ...
Finance Standing Committee
Banks Amendment Bill [B12-2018]: public hearings
4 Sep 2018
The Committee held public hearings on the Bank Amendment Bill as introduced by Mr F Shivambu (EFF). The Banking Association South Africa gave a submission, and National Treasury and the South African Reserve Bank (SARB) gave inputs.
Mr F Shivambu (EFF) said the EFF’s correct observation was that the multi-party ...
Finance Standing Committee
Steinhoff matter: Ben le Grange
29 Aug 2018
Former Steinhoff CFO to testify before Parliament
The Standing Committees on Finance; the Standing Committee on Public Accounts (Scopa); the Portfolio Committees on Trade and Industry and; the Portfolio Committee on Public Service and Administration had a 10-hour oversight meeting on Steinhoff matters on Wednesday. The meeting included the Steinhoff ...
Finance Standing Committee
VAT Commission report
28 Aug 2018
The Committee met with VAT Panel for a briefing on its report. National Treasury, Fair Play Movement and the Budget Justice Coalition gave inputs.
The VAT Panel agreed upon core principles to guide its analysis and decision-making. As part of the consultative process, the Panel considered 2000 written inputs and ...
Finance Standing Committee
Taxation Laws & Tax Administration Laws Amendment Bills: public hearings; Steinhoff Committee Resolution
21 Aug 2018
The Committee adopted a resolution to summon the former Chief Executive Officer of Steinhoff, Mr Marius Jooste and the former Chief Financial Officer, Mr Ben la Grange, to give evidence before the relevant committees of Parliament about the nature, causes and consequences of the sudden collapse of Steinhoff’s share value ...
Finance Standing Committee
SAA Quarterly Report, with Deputy Minister
7 Jun 2018
The Committee was briefed by the South African Airways (SAA) on its quarter four performance report in the presence of the Deputy Minister.
SAA Board Chairperson said liquidity and going-concern issues still persist. These issues continue to the extent that it was decided that an oversight committee, chaired by the ...
Finance Standing Committee
Carbon Tax Bill: Treasury response to submissions
7 Jun 2018
The Portfolio Committee on Environmental Affairs and the Standing Committee on Finance received a briefing from the National Treasury on its responses to the various comments from various stakeholders on the draft Carbon Tax Bill 2017. In addition, a number of the stakeholders, including a university professor, a non-governmental organisation ...
Finance Standing Committee
Money Bills Amendment Bill: finalisation
6 Jun 2018
Relevant documents: Finance Committee Condemns Mr Shivambu’s Behaviour ; Committee Reaffirms Statement on Mr Shivambu and Reiterates Its Commitment to Demographic Representation in National Treasury
The Standing Committee on Finance met to vote on the Money Bills Amendment Procedure and Related Matters Amendment Bill.
Members agreed to dispense with ...
Finance Standing Committee
Financial Sector Summit preparations; PIC rationale for investment decisions; with Deputy Minister
5 Jun 2018
The Committee adopted a resolution on the closure to the public of the 16 May committee meeting on SAA. The Chairperson spoke about stakeholder response to the Committee Report on Financial Sector Transformation and publicising the Committee's recommendations in the build-up to the Financial Sector Summit in July. The private ...