Politician Profile Page
Finance Standing Committee
Taxation of Sugar Sweetened Beverages: public hearings
14 Feb 2017
Healthy Living Alliance (HEALA) said that in Tembisa, a township in Johannesburg, it was easy to access sugar-sweetened beverages (SSBs) where advertising for SSBs was at every corner. It could no longer be ignored what multinationals were doing. Almost all schools had their names written on Coca Cola SA billboards; ...
Finance Standing Committee
Money Bills Amendment Procedure Act review: joint workshop
8 Feb 2017
Parliament’s Constitutional and Legal Services Office (CLSO) presented at the joint workshop to the Finance and Appropriations Standing and Select Committees. It noted that the National Assembly had passed a resolution in May 2016 that the Finance Standing Committee should review the Money Bills Act with a view to introduce ...
Finance Standing Committee
Insurance Bill [B1-2016]: public hearings
7 Feb 2017
Public hearings were held by the Committee on the Insurance Bill. Stakeholders were invited to give comment on the Bill and six different parties presented oral submissions. The South African Insurance Association (SAIA) believed that the Bill had to be processed urgently as it contributed to financial stability and governance ...
Finance Standing Committee
Financial Intelligence Centre Amendment Bill: Treasury response to submissions
1 Feb 2017
The Parliamentary Legal Advisor recapped the important points that came up during the public hearing about the President is reservations on the constitutionality of section 45B(1C) warrantless searches in the Financial Intelligence Centre Amendment Bill he had referred back to Parliament. The senior counsel legal opinions set out general principles ...
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
FICA Amendment Bill referral: briefings; Financial Sector Regulation Bill: omission; with Deputy Minister
7 Dec 2016
Discussion on Adoption of Financial Sector Regulation Bill
The Committee discussed the reasons for the omission of three clauses of the Financial Sector Regulation Bill when it was voted on in the National Assembly on 6 December 2016 and the way forward. The Chairperson indicated that this had been a ...
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 ...