Politician Profile Page
Finance Standing Committee
Medium Term Budget Policy statement (MTBPS) 2017: public hearings
1 Nov 2017
Cosatu submitted that there was no meaningful plan to arrest the collapse of the economy and the looting of the state, and to spur economic growth to create jobs. Unemployment had nearly doubled since 2014 to a real rate of 36.2%. More than R100 billion of the state’s trillion rand ...
Finance Standing Committee
2017 Medium Term Budget Policy Statement: Parliamentary Budget Office briefing
31 Oct 2017
The Parliamentary Budget Office (PBO) appeared before the joint committees of Finance and Appropriations (National Assembly and National Council of Provinces) to give a post Medium-Term Budget Policy Statement (MTBPS) analysis.
The PBO noted that performance of key macroeconomic variables over the past five years has not been impressive. The ...
Finance Standing Committee
Medium Term Budget Policy Statement 2017: Minister in the Presidency & Minister of Finance briefing
26 Oct 2017
The Minister in the Presidency together with the Minister of Finance, and National Treasury gave presentations on the 2017 Mandate Paper and the Medium-Term Budget Policy Statement.
The Minister in the Presidency explained that the purpose of the Mandate Paper is to function as a shorter-term instrument of national planning, ...
Finance Standing Committee
Pre-MTBPS briefing by Parliamentary Budget Office
24 Oct 2017
The Standing Committees on Finance and Appropriations together with the Select Committees on Finance and Appropriations were briefed by the Parliamentary Budget Office (PBO) on the pre-Medium Term Budget Policy Statement (MTBPS). The briefing was meant to assist Members in identifying focus areas in relation to the MTBPS presentation by ...
Finance Standing Committee
Capitalise SAA using s16 of PFMA: legal opinion; Committee Resolutions on GEPF, PIC & trade unions; Financial Sector Transformation Hearings Report
18 Oct 2017
The Parliamentary Legal Unit advised the Committee on the legality of using section 16 of the Public Finance Management Act (PFMA) to capitalise SAA. Section 16 was intended for use where good financial planning and management could not avert the need for unusual expenditure. According to his interpretation, it appears ...
Finance Standing Committee
Insurance Bill deliberations; South African Airways bailout
5 Oct 2017
National Treasury, the Financial Services Board and the South African Reserve Bank took the Committee through amendments to the Insurance Bill. The major highlights were as follows:
Clause 69- Offences
An auditor commits an offence and is on conviction liable to a fine not exceeding R10 million if that auditor ...
Finance Standing Committee
Health Promotion Levy; Transformation of the Financial Sector Committee Report; Venda Pension matter
4 Oct 2017
The Joint Standing Committee on Finance and Trade and Industry deliberated on stakeholder responses to the interim Transformation of the Financial Sector Report.
The Chairperson gave an overview of the transformation discourse. Participants in the hearings preceding release of the interim Transformation of the Financial Sector Report were more polarised ...
Finance Standing Committee
KPMG & Deloitte investigations: IRBA progress report; JSE transformation; National Treasury Annual Report, with Auditor-General input; with Deputy Minister
3 Oct 2017
Annual Reports 2016/17
The Independent Regulatory Board of Auditors (IRBA) reported on progress on the KPMG investigations. On June 30 2017, IRBA announced that it would launch an investigation into the 2014 KPMG audit of Linkway Trading. Investigating letters were issued to respondents on the same date and an ...
Finance Standing Committee
Taxation Laws & Tax Administration Laws Amendment Bills: response to submissions
14 Sep 2017
National Treasury and the South African Revenue Service (SARS) gave responses on submissions received for the 2017 Tax Administration Laws Amendment Bill (TALAB) and Taxation Laws Amendment Bill (TLAB). The amendment Bills were published for public comment on 19 July 2017. Treasury and SARS received written comments from 1420 organisations ...
Finance Standing Committee
SAA Board Chair contract extension; Treasury & SARS Quarter 1 Report, with Minister & Deputy; Office of Tax Ombud: delayed refunds investigation
13 Sep 2017
The South African Airways (SAA) presented its first quarter expenditure and performance report for the financial year 2017/18, in the presence of the Deputy Minister. SAA was expected to lay emphasis on progress made in the implementation of its turnaround strategy and corporate plan since its last appearance before the ...