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Finance Standing Committee
FFC Remuneration referral; Customs and Excise Bill; PIC Committee Bill: adopted; Financial Matters Amendment Bill: public hearings
12 Feb 2019
The Committee held public hearings on the Financial Matters Amendment Bill. COSATU, the South African Institute of Chartered Accountants (SAICA), Deloitte and the Banking Association of South Africa (BASA) gave submissions. The Committee also received a briefing on the Customs and Excise Bill, passed the Committee PIC Bill, rejected the ...
Finance Standing Committee
Public Investment Corporation (PIC) Amendment Bills; FFC referral to Committee; Committee Report on Carbon Tax Bill
6 Feb 2019
Relevant document: Draft Report on PIC Bills; Committee Report on Carbon Tax [available under Tabled Committee Reports once adopted]
The Committee met to deliberate on the two Public Investment Corporation (PIC) Bills as well as the Financial and Fiscal Commission (FFC) referral. The Report on the Carbon Tax Bill was also ...
Finance Standing Committee
Carbon Tax Bill: finalisation & voting; Financial Matters Amendment Draft Bill: briefing
5 Feb 2019
The Committee met with the National Treasury for finalisation and adoption of the Carbon Tax Bill. The Committee also received a briefing and discussed the Financial Matters Bill.
National Treasury highlighted that the Carbon Tax Bill was formally tabled in November 2018. It reflects some of the input received during ...
Finance Standing Committee
Carbon Tax Bill: Treasury & stakeholder input
4 Dec 2018
The Standing Committee on Finance together with the Portfolio Committee on Environmental Affairs met with National Treasury and NEDLAC for discussions on the Carbon Tax Bill. COSATU and the Association of Cementitious Material Producers (ACMP) gave brief inputs.
NEDLAC said during a previous parliamentary hearing on the response document to ...
Public Enterprises
South African Airways (SAA) turnaround: progress report; with Minister
27 Nov 2018
The Committee was briefed by the South African Airways (SAA) on progress in implementing its turnaround strategy, in the presence of the Minister.
The SAA Board Chairperson pointed out that the new executive and management found a fractious and unstable organisation upon assumption of duty last year. Currently, there was ...
Standing Committee on Appropriations
Adjustments Appropriation Bill: DBE hearing
23 Nov 2018
The Committee met for a briefing with the Department of Basic Education on the 2018 Adjustments Appropriation Bill, in the presence of the Minister.
The Department expressed its readiness to effectively and efficiently spend any additional allocations as per the 2018 budget adjustments process. There were currently no virements needing ...
Finance Standing Committee
Financial Matters Amendment Bill: briefing; Committee Report on Fiscal Framework
20 Nov 2018
Committee Report on 2018 MTBPS
The Committee held a briefing by National Treasury on the Financial Matters Amendment Bill.
National Treasury, in briefing, said the Financial Matters Bill sought to amend five Acts as follows: the Insolvency Act, the Military Pensions Act, the Government Employees Pension law, the Banks Act ...
Finance Standing Committee
Rates and Monetary Amounts and Amendment of Revenue Laws Bill, Taxation Laws Amendment Bill & Tax Administration Laws Amendment Bill: adoption; PIC Bills & Banks Amendment Bill: deliberations
14 Nov 2018
The Committee met for deliberations on the Banks Amendment Bill as well as the Public Investment Corporation (PIC) Bill. The Committee also formally adopted the Rates and Monetary Amounts and Amendment of Revenue Laws Bill, Taxation Laws Amendment Bill (TLAB) and Tax Administration Laws Amendment Bill (TALAB) following their consideration ...
Finance Standing Committee
Rates and Monetary Amounts & Amendment of Revenue Laws Bill, Taxation Laws Amendment Bill; Tax Administration Laws Amendment Bill
13 Nov 2018
The Committee met with Treasury for consideration of three Bills namely: Rates and Monetary Amounts and Amendment of Revenue Laws Bill, Taxation Laws Amendment Bill (TLAB) and Tax Administration Laws Amendment Bill (TALAB). The three Bills were informally adopted and would be put up for a formal vote the next ...
Finance Standing Committee
VBS Mutual Bank
7 Nov 2018
VIDEO: Standing Committee on Finance - Meeting on VBS Mutual Bank
The Committee met to discuss the VBS Mutual matter. The South Reserve Bank, National Treasury, the Hawks, the National Prosecuting Authority (NPA), the Independent Regulatory Board of Auditors (IRBA), the Financial Sector Conduct Authority, the South African Institute for ...