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Finance Standing Committee
Statistics South Africa on its 2013/14 Annual Report
16 Oct 2014
The Committee heard three presentations on the annual report of Statistics South Africa (Stats SA) for the financial year 2013/2014. The entity’s performance was reported on by the Auditor General of South Africa, the Committee researcher, and by Stats SA themselves.
Members were told that there had been a delay ...
Finance Standing Committee
SA Reserve Bank on its 2013/14 Annual Report; SARS response to comments on Taxation Laws & Tax Administration Laws Amendment Draft Bills
15 Oct 2014
The Governor Designate of the South African Reserve Bank (SARB) noted that this year was the first integrated report of the bank. It had been moving toward integrated reporting in line with best practice and international guidelines over the past few years. He provided SARB's views on the economy and ...
Finance Standing Committee
SARS & National Treasury on their 2013/2014 Annual Report; Audit Outcomes: AGSA briefing
14 Oct 2014
The Standing Committee on Finance heard briefings from the Auditor-General of South Africa, National Treasury and the South African Revenue Service on Treasury and SARS annual reports for 2013/14.
Department of Finance 2013/2014 Audit Outcomes: AGSA briefing
The Auditor-General of South Africa said that the Department had received an unqualified ...
Finance Standing Committee
Medium Term Strategic Framework: briefing; DBSA Amendment Bill: voting; Budgetary Review & Recommendations Report: briefing
17 Sep 2014
The Committee met and adopted the DBSA Amendment Bill [B2-2014] Committee report and the DBSA Amendment Bill [B2-2014] as well as heard briefings from the Parliamentary Budget Office (PBO) on the Medium Term Strategic Framework (MTSF) and the Parliamentary Researcher on the Budgetary Review Recommendation Report (BRRR).
The Parliamentary Budget ...
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 ...
Finance Standing Committee
National Treasury & South African Revenue Service on Double Taxation Agreements & ratification thereof
10 Sep 2014
The Committee met to consider various agreements between South Africa and other countries which were designed to assist tax authorities to combat tax avoidance and evasion. These included the multilateral African Tax Administration Forum (ATAF) agreement on mutual assistance in tax matters, to allow for effective exchange of information and ...
Finance Standing Committee
Land Bank, Pension Fund Adjudicator and Ombudsman for Financial Services on their roles and mandates
9 Sep 2014
The Standing Committee on Finance received briefings from the Land Bank, the Pension Fund Adjudicator and the Financial Advisory and Intermediary Services Ombud.
Briefing by Land Bank
The Land bank gave a background of the bank and the bank’s performance for the last financial year. It spoke to its contribution ...
Finance Standing Committee
Draft Rates and Monetary Amounts and Amendment of Revenue Laws Bill, Draft Taxation Laws Amendment Bill & Draft Tax Administration Laws Amendment Bill : public hearings day 2
27 Aug 2014
The Standing Committee on Finance received presentations presentations from Pricewaterhouse Cooper, Old Mutual, KPMG, The Motor Industry Bargaining Council, the African Farmers Association of South Africa and the SA Breweries Foundation at public hearings on the Draft Taxation Laws Amendment Bill (DTLAB) and the Draft Taxation Administration Laws Amendment Bill ...
Finance Standing Committee
Government Employees Pension Fund, Government Pension Administration Agency & Financial Services Board on their roles and mandates and contribution to the NDP and economy
19 Aug 2014
The Standing Committee on Finance was briefed by the Government Employees Pension Fund (GEPF), the Government Pension Administration Agency (GPAA) and the Financial Services Board (FSB) on their roles and mandates.
The GEPF was described as the largest pension fund in Africa, with assets of R1.4 trillion under management. The ...
Finance Standing Committee
Financial and Fiscal Commission briefing on its role and mandate; Draft Taxation Laws Amendment Bill, Draft Tax Administration Amendment Bill & Draft Rates and Monetary Amounts Bill: National Treasury briefing
30 Jul 2014
Role and mandate of the Financial & Fiscal Commission
The Financial and Fiscal Commission (FFC) provided the Committee with a detailed briefing on its role and mandate, which required it to produce recommendations on the equitable division of revenue among the three spheres of government. Before tabling a proposal for ...