Politician Profile Page
Finance Standing Committee
Taxation of Sugar Sweetened Beverages: public hearings
31 Jan 2017
The Department of Health told a joint meeting of the Portfolio Committee on Health and Standing Committee Finance that 38 million people die due to non-communicable diseases. 28 million deaths occur in low and middle income countries. 16 million people die before the age of 70. Cardiovascular diseases are the ...
Finance Standing Committee
Financial Intelligence Centre Amendment Bill: public hearings with Deputy Minister
25 Jan 2017
Public hearings were held on section 45B(1C) of the Financial Intelligence Centre Amendment Bill [B32B-2015] due to the President’s concerns about constitutionality of warrantless searches by inspectors.
In his briefing on the referral process, the Senior Parliamentary Legal Advisor explained that the President could refer a Bill back to Parliament ...
Finance Standing Committee
Insurance Bill [B1-2016]: briefing; Committee programme
24 Jan 2017
The National Treasury and the Financial Services Board (FSB) in their briefing on the Insurance Bill [B1-2016] said insurers and banks had different business models and risk profiles. The Bill was aligned with the Twin Peaks distinction between prudential and market conduct regulation. New insurance legislation had to attend to ...
Finance Standing Committee
Financial Sector Regulation Bill: deliberations and adoption
30 Nov 2016
The National Treasury presented the draft revised version of the Financial Sector Regulation (Twin Peaks) Bill to the Committee. Amendments were made to clauses 39, 49, 61, 65, 72, 86, 110, 112, 117, 266, 273, and 274. The Committee went ahead and voted on the draft version of the bill, ...
Finance Standing Committee
Davis Tax Committee briefing
29 Nov 2016
The Davis Tax Committee chaired by Judge Dennis Davis briefed the Members on reports done and yet to be completed on issues surrounding tax. It was highlighted that small medium and micro businesses are not promoted by the tax system. The small businesses corporations are not receiving the generous tax ...
Finance Standing Committee
Financial Sector Regulation Bill [B34-2015]: deliberations
29 Nov 2016
Organisation of Traditional Leaders Southern Africa
Department of Justice and Constitutional Development discussions
Outstanding points for Committee consideration
The Committee met to further deliberate on outstanding and proposed amendment of the Financial Sector Regulation Bill. The proposed amendments and questions raised were on; independent inquiry, model of appointment of the ...
Finance Standing Committee
Rates and Monetary Amendment of Revenue Laws Bill and Committee Report; Taxation Laws Amendment Bill, Financial Sector Regulation (Twin Peaks) Bill: deliberations
24 Nov 2016
The Committee considered the Bill and the Committee Report in respect of the Rates and Monetary Amendment of Revenue Laws Bill. Members raised no concerns as they went through the Bill, which was adopted unanimously. However, the DA had proposed some amendments to the Report, believing that the insertions that ...
Finance Standing Committee
Tax Administration Laws Amendment Bill; Financial Sector Regulation Bill: deliberations
23 Nov 2016
The Committee went through the Tax Administration Laws Amendment Bill. The general concern was that law enforcement authorities are not doing enough about illicit flow of funds, tax base erosion and profit shifting.
The Committee went through the Financial Sector Regulation Bill and concerns raised by stakeholders were addressed. The ...
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 ...
Finance Standing Committee
Employment and Learnership Tax Incentives: response to submissions; IRBA on Mandatory Audit Firm rotation & Annual Report
15 Nov 2016
National Treasury presented its responses to the submissions on the Employment and Learnership Tax Incentives following public hearings. The Learnership Tax Incentive was introduced to encourage skills development and job creation, by providing an additional tax deduction for formal, SETA-registered training programmes. The incentive was currently available ...