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Finance Standing Committee
Taxation Laws Amendment & Tax Administration Laws Amendment Bill; Rates and Monetary Amounts and Amendment of Revenue Laws Bills: voting; “Twin Peaks” Bill deliberations
22 Nov 2016
The Committee met to discuss outstanding matters on the Tax Laws Amendment Bill (TLAB) and Rates and Monetary Amounts Amendment Bill. The Financial Sector Regulation Bill was also discussed and the DA believed that the Committee could not vote on the Bill yet. The Chairperson felt that the DA was ...
NCOP Appropriations
Division of Revenue Amendment Bill [B15–2016]: public hearings
11 Nov 2016
The Standing and Select Committees on Appropriations conducted public hearings on the Division of Revenue Amendment Bill. The purpose of the Bill was to amend the Division of Revenue Act passed by Parliament in 2016.
The Rural Health Advocacy Project, in its submission, made a recommendation that the government needed ...
Standing Committee on Appropriations
Division of Revenue Amendment Bill [B15-2016]: National Treasury briefing
10 Nov 2016
The National Treasury briefed the Standing and Select Committees on Appropriations on the Division of Revenue Amendment Bill.
On provincial allocations, it was reported that R275.7 million would be rolled over from allocations made in 2015/16 on the provincial roads maintenance grant for KwaZulu-Natal. These funds had not been transferred ...
Finance Standing Committee
2016 MTBPS: Parliamentary Budget Office briefing
1 Nov 2016
The PBO presented its MTBPS analysis to the four Committees. It gave members highlights from the Ministers MTBPS speech and some highlights included stabilising debt as a share of Gross Domestic Product (GDP), stimulating growth, increasing revenue growth and creating more government efficiency. PBO gave an outline of reprioritisation to ...
Standing Committee on Appropriations
Medium Term Budget Policy Statement 2016: Minister of Finance and National Treasury briefings
27 Oct 2016
Documents Handed Out:
Medium Term Budget Policy Statement: National Treasury presentation [awaited]
The National Treasury and the Minister of Finance briefed the Committee with a full and detailed presentation on the main messages of the Medium Term Budget Policy Statement (MTBPS). This emphasised the trying economic environment in which the ...
Finance Standing Committee
Pre-Medium Term Budget Policy Statement (MTBPS) briefing by Parliamentary Budget Office
19 Oct 2016
The Parliamentary Budget Office (PBO) presented its pre-Medium Term Policy Statement (MTBPS) analysis to the four committees. The presentation was to provide members with the macroeconomic environment informing the 2016 MTBPS and current progress made with the implementation of the 2016/17 budget. The presentation also gave members preliminary results for ...
NCOP Appropriations
Municipal Infrastructure Grant monitoring and rollover management
20 Sep 2016
The briefing by the Department of Cooperative Governance (DCoG) covered expenditure performance of the Municipal Infrastructure Grant (MIG) in 2015/16; monitoring of expenditure of rollovers, and mitigation of challenges. Municipalities in North West province had an unspent balance of R238 million in June 2016. The figure for Limopo province was ...
NCOP Finance
Rates & Monetary Amounts & Amendment of Revenue Laws Bill; United Arab Emirates & Singapore Double Taxation Agreements
7 Sep 2016
National Treasury briefed the Committee on the Draft Rates and Monetary Amounts and Amendment of Revenue Laws Bills. The presentation highlighted the tax revenue trends and 2015/16 revenue outcomes. Included in the draft bills was the tax proposals on PIT (personal income tax) particularly the partial fiscal drag relief – ...
Standing Committee on Appropriations
2017/18 Division of Revenue: Financial and Fiscal Commission Submission
6 Sep 2016
The theme of the 2017/18 FFC submission was the intergovernmental fiscal relations system and rural development. The majority of the South African poor were living in rural areas, which lagged behind on economic performance indicators. The rural economy was no longer just a farm economy. The potential of land reform ...
NCOP Finance
Financial Sector Regulation Bill [B34-2015]: National Treasury briefing
24 Aug 2016
The National Treasury briefed the Committee on the Twin Peaks: The Financial Sector Regulation (FSR) Bill. It noted that the shift to twin peaks started in 2011, when “a safer financial sector to serve South African better” policy paper was approved by the Cabinet. In 2013, the road map of ...