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Finance Standing Committee
Illicit financial flows
20 Mar 2019
The Standing Committee on Finance met jointly with the Portfolio Committee on Trade and Industry for a briefing on illicit financial flows. The following stakeholders and entities gave submissions: the Alternative Information and Development Centre; National Prosecuting Authority; Financial Intelligence Centre; South African Revenue Service; South African Reserve Bank; Department ...
Finance Standing Committee
Steinhoff follow-up, with DPSA Minister present
19 Mar 2019
The Standing Committee on Finance met jointly with the Standing Committee on Public Accounts and the Portfolio Committee on Public Service and Administration for a follow-up briefing on the Steinhoff matter. The Johannesburg Stock Exchange, Companies and Intellectual Properties Commission, Financial Sector Conduct Authority, Independent Regulatory Board for Auditors, the ...
Finance Standing Committee
Finance Standing Committee Legacy report
13 Mar 2019
The Committee met to consider its legacy report. The Committee had up to the following week to adopt the report, and the draft had been sent to Members for their perusal.
The key issues were that the Committee had a massive oversight and legislative load over the past five years. ...
Finance Standing Committee
Financial Matters Amendment Bill: finalisation; Banks Amendment Bill: rejected
7 Mar 2019
The Committee met for consideration and voting on the Financial Matters Bill, Report of the Financial Matters Bill and the motion of desirability on Banks Bill.
On the Financial Matters Bill, the Committee highlighted minor typographical changes to the Bill following deliberations on the previous day. There were no further ...
Finance Standing Committee
Financial Matters Amendment Bill: Treasury response to stakeholders; Banks Amendment Bill
6 Mar 2019
The Committee met with the National Treasury to hear responses to public submissions on the Financial Matters Bill.
National Treasury said comments were received from COSATU expressing its support for the provisions of ...
Finance Standing Committee
Financial Matters Amendment Bill: deliberations
5 Mar 2019
The Committee met with the National Treasury for further deliberations on the Financial Matters Bill. After consultations with parliamentary authorities, the understanding was that the Committee could not fully process the Bill. The Committee would only process the amendments to the Military Pensions Act- which are straightforward, as well as ...
Finance Standing Committee
Committee Report on 2019/20 Budget
5 Mar 2019
The Standing and Select Committees on Finance met for consideration and adoption of the Report on the Fiscal Framework and Revenue Proposals. The Committees considered the report jointly and adopted it separately.
On observations and recommendations, the Committees believe that the government has managed the economy reasonably well. In ...
Finance Standing Committee
2019 Budget: public hearings
27 Feb 2019
The Standing and Select Committees on Finance held public hearings on the 2019 Budget. COSATU, the Pietermaritzburg Pensioners Forum, the Budget Justice Coalition (BJC), the Fiscal Cliff Study Group, PricewaterhouseCoopers (PwC), South African Institute for Tax Professionals (SAIT), and the South African Institute of Chartered ...
Finance Standing Committee
2019 Budget: Parliamentary Budget Office briefing
26 Feb 2019
Parliamentary Budget Office - Pre-budget discussion 2019; 2019 Budget Speech; 2018 MTBPS
The Finance and Appropriations Committees met jointly for a briefing by the Parliamentary Budget Office (PBO) on the 2019 Budget. This was a follow-up meeting with MPs.
The PBO said the 2019 Budget priorities included the ...
Finance Standing Committee
2019 Budget: Minister of Finance briefing
21 Feb 2019
The Finance and Appropriations Committees met jointly for a briefing by the Minister of Finance on the 2019 Budget.
The Minister of Finance emphasised the need for the public to understand that there is no endless supply of cash in government. The biggest risk ...