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NCOP Appropriations
Division of Revenue Amendment Bill [B27-2015]: final Mandates: Decision deferred
18 Nov 2015
The Committee met to consider the final mandates on the 2015 Division of Revenue Amendment Bill from Provinces. The Parliamentary Legal Advisers were present to give guidance to Members. The Committee Secretary announced that six final mandates had been presented, and of those, five were in favour of the Bill. ...
NCOP Appropriations
Division of Revenue Amendment Bill [B27-15]: negotiating mandates
17 Nov 2015
The Committee met to hear the negotiating mandates presented by the provinces on the 2015 Division of Revenue Bill (DORB). Members discussed at length whether or not it was procedurally correct for the Committee to hear negotiating mandates at this meeting, because the National Assembly (NA) would only be dealing ...
Standing Committee on Appropriations
2015 Medium Term Budget Policy Statement; Finance Bill [B31-15]; New Development Bank Special Appropriation Bill [B32-15]: public hearings
11 Nov 2015
On the MTBPS, COSATU drew attention to certain core areas. Within the economic context, there was a 34% unemployment crisis and government needed to put in more effort to create jobs. COSATU noted that while some attempts appeared to have been made in respect of fighting corruption, it was concerned ...
Finance Standing Committee
Taxation Laws Amendment Bill [B29-15]; Tax Administration Laws Amendment Bill [B30-15]: public hearings & response
10 Nov 2015
Submissions were made by the Association for Savings and Investment SA (ASISA); Old Mutual; the South African Reward Association (SARA), and COSATU. National Treasury and the South African Revenue Service (SARS) responded to their proposals, whereafter the stakeholders were permitted to reply.
ASISA strongly supported Option 1 as set out ...
NCOP Finance
Taking Parliament to the People: Committee Researcher's Analysis; Follow up on Western Cape financial issues considered during earlier oversight: Provincial Treasury briefing
4 Nov 2015
The Select Committee on Finance noted that the MEC for Finance, Western Cape, had responded to concerns that were discussed previously, and had submitted a full response to the House Chairperson. Fourteen matters of concern were addressed in that letter. It was noted that the Select Committee on Finance, together ...
Finance Standing Committee
2015 Revised Fiscal Framework Report (MTBPS): consideration
3 Nov 2015
The DA submitted that a number of core issues were not included in the observations and recommendations. These included concern over the rate of economic growth; changed policies for growth; expenditure; a lack of long-term fiscal guidelines; cost containment measures; the contingency reserve; debt levels; fiscal risks and the Public ...
Finance Standing Committee
Medium-Term Budget Policy Statement (MTBPS) 2015: Parliamentary Budget Office review
27 Oct 2015
The Parliamentary Budget Office provided an analysis of the Medium-Term Budget Policy Statement for 2015 to a joint meeting attended by the Standing and Select Committees on Appropriations and the Standing and Select Committees on Finance.
The Parliamentary Budget Office generally echoed the concerns contained in National Treasury’s budget policy ...
Finance Standing Committee
Medium Term Budget Policy Statement (MTBPS) 2015: Minister of Finance briefing
22 Oct 2015
The Minister of Finance and a delegation from the National Treasury met with a joint committee comprising the Standing Committee on Finance, the Select Committee on Finance, the Standing Committee on Appropriations and the Select Committee on Appropriations. The National Treasury presented the Medium Term Budget Policy Statement (MTBPS), which ...
NCOP Finance
Turks and Caicos Islands; Brazil; Saint Kitts and Nevis; Uruguay; Zimbabwe tax agreements; Committee Reports on Provincial Treasuries & Kwa-Zulu Natal oversight
14 Oct 2015
The Select Committee on Finance was briefed on the amended Tax Treaty with Zimbabwe by National Treasury. The South African Revenue Service (SARS) conducted a briefing on five international agreements with Brazil, Turks and Caicos Islands, Saint Kitts and Nevis, and Uruguay which aimed to remove barriers to cross-border trade ...
NCOP Appropriations
Committee Reports on KwaZulu-Natal and Limpopo Oversight Visits
13 Oct 2015
Report of the meeting to follow.