Politician Profile Page
Finance Standing Committee
SARS Commissioner on Makwakwa; Symington & SARS intelligence unit
5 Dec 2017
The Committee met with the South African Revenue Service (SARS) for follow-up discussions on Mr Jonas Makwakwa matter; Mr Vlok Symington matter; and further responses to the SARS Commissioner’s letter on KPMG report on SARS intelligence unit.
On the Makwakwa matter, the Committee was first briefed by Hogan Lovells, the ...
Finance Standing Committee
SAA Quarterly Report
29 Nov 2017
The South African Airways (SAA) presented its: quarterly report; progress in implementation of the 5-Year Corporate Plan; specific financial issues relating to government guarantees and repayment obligations; as well as conditions for recapitalisation. National Treasury also highlighted progress in coming up with the new state-owned enterprises (SOE) engagement framework.
The ...
Finance Standing Committee
SARS Commissioner on SARS Annual Report and Makwakwa
28 Nov 2017
The agenda for this meeting was the 2016/17 SARS Annual Report; the return to work of suspended SARS Executive, Mr Jonas Makwakwa; the Vlok Symington matter, the SARS Commissioner letter on the KPMG “intelligence report”; illicit financial flows probes; and a proposed judicial commission on SARS. Due to the time ...
Finance Standing Committee
Tax Ombud Annual Report; Insurance Bill: finalisation
22 Nov 2017
The Committee met with the Office of the Tax Ombud on its 2016/17 annual report. It also finalised and adopted the Insurance Bill.
The Office of the Tax Ombud was established to review and address any complaints by taxpayers regarding a service, procedural or administrative matter ...
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 ...
Finance Standing Committee
Public Investment Corporation + Government Employees Pension Fund Follow Up Meeting, with Deputy Minister
14 Nov 2017
The Committee met with the Public Investment Corporation (PIC) and the Government Employees’ Pension Fund (GEPF) for a follow up meeting based on previously adopted Committee resolutions. In the main, the Committee wanted to be provided with the rationale of the proposed PIC forensic investigations, and to know if there ...
Ad Hoc Committee on the Funding of Political Parties
Electoral Commission (IEC) feedback on Political Party Funding Bill
10 Nov 2017
The Committee had determined that the IEC was best placed to administer both the public political party funding and the newly established Multi-Party Democracy Fund. The IEC was invited to make a presentation on its views on the Bill and what it would cost to administer the funds.
The IEC ...
Finance Standing Committee
Insurance Bill; Taxation Laws Amendment Bill; Tax Administration Laws Amendment Bill: finalisation
8 Nov 2017
The Committee met to: finalise the Taxation Laws Amendment Bill (TLAB) & the Tax Administration Laws Amendment Bill (TALAB); adopt the Committee Report on the Rates and Monetary Amounts and Amendment of Revenue Laws Bill and to discuss policy issues on the Insurance Bill, its transformation clauses in particular.
Firstly, ...
Finance Standing Committee
Rates & Monetary Amounts and Amendment of Revenue Laws Bill: finalisation; Committee Report on MTBPS Revised Fiscal Framework
7 Nov 2017
The Standing and Select Committee on Finance met to deliberate their Revised Fiscal Framework Report. The report was compiled following public hearings on the medium-term budget policy statement (MTBPS). The Committees noted that while they agreed that the primary reason for the revenue shortfall (of R50 billion) was the slow ...