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National Treasury and South African Revenue Service on International Tax Agreements
17 Sep 2014
The Select Committee on Finance was briefed by the South African Revenue Service (SARS) on 14 International agreements for consideration and adoption by the Committee. The International Agreements were as follows: Protocol amending the Agreement between the Government of the Republic of South Africa and the Republic of Turkey; African ...
Finance Standing Committee
Processing of Medium Term Budget Policy Statement: input from National Treasury, FFC and Parliamentary Budget Office
16 Sep 2014
The Joint Meeting of the Standing and Select Committees on Finance and the Standing and Select Committees on Appropriations heard briefings from the Parliamentary Budget Office (PBO), the Financial and Fiscal Commission (FFC) and National Treasury.
The Parliamentary Budget Office (PBO) presentation covered the legislative mandate of the Medium Term ...
International Tax Agreements: overview by National Treasury and SARS
27 Aug 2014
The Select Committee on Finance were briefed on international tax agreements by South African Revenue Service and the National Treasury. The purpose was to give insight into the details of the different types of tax agreements such as Double Taxation Agreements (DTAs), Tax Information Exchange Agreements (TIEAs) and Multilateral Conventions ...
2015/16 Division of Revenue: Financial and Fiscal Commission briefing
26 Aug 2014
The Financial and Fiscal Commission briefed the Committee on the 2015/16 division of revenue. The presentation centred on macro-economic perspectives and fiscal frameworks, public debt challenges, social programmes and the need for reform, the equitable resourcing of schools, the adequacy and efficiency of primary health care financing, the impact of ...
The Select Committee on Finance was briefed by the Anti-Corruption Task Team (ACTT) on the progress achieved by the ACTT in the Limpopo intervention, and the challenges related to criminal investigations and disciplinary proceedings. The purpose of the task team was to provide for better coordination of governmental functions with ...
Termination of Section 100 Limpopo intervention, with Limpopo Premier & Minister of Finance
30 Jul 2014
The meeting brought the various Select Committees for the provincial departments affected by the section 100(1)(b) Limpopo intervention invoked in December 2011 when National Treasury took over the administration of the Departments of Health, Education, Roads and Transport, Public Works, and the Provincial Treasury.
The Limpopo Premier stated that corporate ...
Appropriation Bill: National Treasury briefing & finalisation
29 Jul 2014
The National Treasury told the Select Committee that a balance was sought in the Appropriation Bill between the need to support a contracting economy and the need to consolidate the fiscus. Funding for infrastructure development was a priority, but the Treasury was clamping down on frivolous expenditure. The Treasury had ...
South African Revenue Services (SARS) overview of its mandate and scope of work
23 Jul 2014
The South African Revenue Services (SARS) briefed the Select Committee on Finance about its mandate and scope of work. The Commissioner acted as Chief Executive Officer (CEO) and was responsible for the administration of the tax and customs laws. The current SARS operating model involved strategic stakeholder interaction, process improvement, ...
Parliamentary Budget Office Overview; Economic and Fiscal Review and Outlook
22 Jul 2014
The Parliamentary Budget Office (PBO) delivered their presentation to the Select Committee on Appropriations. The main thrust of the overview was that the PBO would be offering technical support and that the legislative branch had to be aware of its role as policy driver for the nation.
During discussion, the ...
Fiscal Challenges in Municipalities and Support/Interventions by COGTA and Auditor General
16 Jul 2014
The Select Committee convened to be briefed on the mandates, work and challenges of both COGTA and the Auditor-General of South Africa.
The Department of Cooperative Governance explained its fundamental mandate is to develop, promote and monitor mechanisms, systems and structures to enable integrated service delivery and implementation as well ...
Election of Chairperson
25 Jun 2014
The Secretary of the Committee, Mr L Nodada assumed the role of Chairperson (Acting) as he facilitated the process of the election of a new Committee Chairperson. Mr S Mohai (ANC) was nominated to be the Chairperson of the Committee. He asked that all Members introduce themselves.
Election of Chairperson
25 Jun 2014
The Secretary of the Committee, Mr Z Rento assumed the role of Chairperson (Acting) as she facilitated the process of the election of a new Committee Chairperson. Mr C De Beer (ANC) was nominated to be the Chairperson of the Committee. He asked that all Members introduce themselves.