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Finance Standing Committee
Financial Matters Amendment Bill: Treasury response to stakeholders; Banks Amendment Bill
6 Mar 2019
The Committee met with the National Treasury to hear responses to public submissions on the Financial Matters Bill.
National Treasury said comments were received from COSATU expressing its support for the provisions of ...
Finance Standing Committee
Financial Matters Amendment Bill: deliberations
5 Mar 2019
The Committee met with the National Treasury for further deliberations on the Financial Matters Bill. After consultations with parliamentary authorities, the understanding was that the Committee could not fully process the Bill. The Committee would only process the amendments to the Military Pensions Act- which are straightforward, as well as ...
Finance Standing Committee
Committee Report on 2019/20 Budget
5 Mar 2019
The Standing and Select Committees on Finance met for consideration and adoption of the Report on the Fiscal Framework and Revenue Proposals. The Committees considered the report jointly and adopted it separately.
On observations and recommendations, the Committees believe that the government has managed the economy reasonably well. In ...
Finance Standing Committee
2019 Budget submissions: National Treasury response
1 Mar 2019
The Standing and Select Committees on Finance met to hear responses from National Treasury on submissions received during public hearings on the 2019 Budget. COSATU gave a brief input.
National Treasury said the Budget was formulated against the backdrop of economic ...
Finance Standing Committee
2019 Budget: public hearings
27 Feb 2019
The Standing and Select Committees on Finance held public hearings on the 2019 Budget. COSATU, the Pietermaritzburg Pensioners Forum, the Budget Justice Coalition (BJC), the Fiscal Cliff Study Group, PricewaterhouseCoopers (PwC), South African Institute for Tax Professionals (SAIT), and the South African Institute of Chartered ...
Finance Standing Committee
2019 Budget: Minister of Finance briefing
21 Feb 2019
The Finance and Appropriations Committees met jointly for a briefing by the Minister of Finance on the 2019 Budget.
The Minister of Finance emphasised the need for the public to understand that there is no endless supply of cash in government. The biggest risk ...
Finance Standing Committee
Nugent Commission of Inquiry into SARS: interim findings and recommendations
13 Feb 2019
The Committee received a briefing from Judge Robert Nugent on the findings and recommendations of the commission of inquiry he headed up into the tax administration and governance at SARS.
Judge Nugent, in his report, said the failure of governance at SARS was made possible by weaknesses in the governing ...
Finance Standing Committee
FFC Remuneration referral; Customs and Excise Bill; PIC Committee Bill: adopted; Financial Matters Amendment Bill: public hearings
12 Feb 2019
The Committee held public hearings on the Financial Matters Amendment Bill. COSATU, the South African Institute of Chartered Accountants (SAICA), Deloitte and the Banking Association of South Africa (BASA) gave submissions. The Committee also received a briefing on the Customs and Excise Bill, passed the Committee PIC Bill, rejected the ...
Finance Standing Committee
Public Investment Corporation (PIC) Amendment Bills; FFC referral to Committee; Committee Report on Carbon Tax Bill
6 Feb 2019
Relevant document: Draft Report on PIC Bills; Committee Report on Carbon Tax [available under Tabled Committee Reports once adopted]
The Committee met to deliberate on the two Public Investment Corporation (PIC) Bills as well as the Financial and Fiscal Commission (FFC) referral. The Report on the Carbon Tax Bill was also ...
Finance Standing Committee
Carbon Tax Bill: finalisation & voting; Financial Matters Amendment Draft Bill: briefing
5 Feb 2019
The Committee met with the National Treasury for finalisation and adoption of the Carbon Tax Bill. The Committee also received a briefing and discussed the Financial Matters Bill.
National Treasury highlighted that the Carbon Tax Bill was formally tabled in November 2018. It reflects some of the input received during ...