What total amount has the National Treasury been able to recuperate from the pension funds of persons accused of defrauding the State since the beginning of the year?
The National Treasury has not recovered any funds from any person accused of defrauding the State since the beginning of this financial year commencing 1 April 2022, nor the previous financial year.
In terms of the Government Employees Pension Law, 1996, Government is able to recover or deduct from the pension benefit of an employee any amount of loss which has been sustained by the ...
With reference to the recently published financial statements of the Land Bank, which show that the bank is turning the corner and making profit again, this is against the backdrop of the bank writing off soured loans from farmers who cannot pay, what (a) is the demographic representation of the farmers whose loans have been written off by the Land Bank and (b) adjustments is the bank making to ensure that it provides more development finance to emerging black farmers and beneficiaries of land reform?
a) The demographic representation of the farmers whose loans have been written off by Land Bank.
In the past 3 Financial Years, there were approximately 116 matters written off. Whilst both types of write-offs were considered (i.e. full write-offs of outstanding amount and partial write-offs of outstanding amount), the bulk of the written off matters were partial write-offs (i.e. being matters written-off subsequent to ...
Whether the National Treasury has engaged with the Department of Home Affairs to address the processing of the backlog of skilled visa applications to boost human and finance resources and reduce the risk of foreign investment retracting their activities in the Republic; if not, what is the position in this regard; if so, what are the full, relevant details of the (a) engagements with Home Affairs and (b) type of assistance that National Treasury will provide in this regard?
National Treasury works with departments to assist them with their budget requests and implementation of processes that will allow them to achieve their strategic plans. Departments mostly will, through the budget process, inform the National Treasury if funding is requested for a specific project. These funding requests will then be dealt with through the budget process.
In terms of the policy and implementation timelines, ...
Whether the Government has decided to cancel the proposed tax incentive scheme to catalyse private rooftop solar installations that the President, Mr M C Ramaphosa, mentioned when he was presenting his Energy Response Plan in June 2022; if not, what are the reasons that he did not mention the tax incentive when he tabled the Medium-Term Budget Policy Statement; if so, what are the (a) relevant details and (b) reasons?
The Minister of Finance does not generally make tax announcements in the Medium-Term Budget Policy Statement (MTBPS). However, the 2022 MTBPS did state that efforts to expand generation capacity would include “facilitating investments in rooftop solar by developing a feed-in tariff for small-scale embedded generation projects, and investigating the expansion of tax incentives for commercial installations”.
This is in line with what ...
In view of reports that the current Chief Executive Officer of the Office of the Tax Ombud is currently the Acting Tax Ombud, what are the details of and update on the process of the appointment of a permanent Tax Ombud?
The Minister of Finance has commenced with the recruitment process for the appointment of the Tax Ombud in terms of section 14 of the Tax Administration Act, 2011 (Act No 28 of 2011). The advert for the position was published in the Sunday Times on Sunday, 30 October 2022 and in the Business Day on Monday, 31 October 2022. It was also published on ... More »
With reference to his speech during the tabling of the Medium-Term Budget Policy Statement on 26 October 2022, wherein he projected that the average economic growth would be 1,6% and would not be enough to support the developmental goals of the Republic and as a result structural reforms will be implemented, what are the full details of the (a) form of the specified structural reforms, (b) projected growth and results that his department envisages in the different sectors and (c) promotional and supportive assistance and/or investment that his department will offer (i) small, medium and micro enterprises, (ii) the agricultural sector and (iii) township and informal economies to ensure sustainability and that their growth is not stifled?
(a) The Economic Recovery and Reconstruction Plan (ERRP) outlines the country’s near-term growth agenda. It includes a number of structural reforms aimed at supporting the economic recovery by unlocking investment and removing barriers to growth.
(b) The National Treasury provides forecasts from the expenditure side of GDP, details of which can be found in the Budget Review 2022 and Medium Term Budget Policy Statement ...
Whether, with regard to the Public Finance Management Act, Act 1 of 1999, that provides for the relevant treasury and/or executive authority to institute disciplinary action against an accounting officer charged with financial misconduct, the National Treasury has ever triggered the provisions against accounting officers in government departments in view of the perennial problem of fruitless, irregular and wasteful expenditure showing no signs of improvement; if not, why not; if so, what are the relevant details?
The disciplinary process is governed by the Public Service Act and not the Public Finance Management Act (PFMA). The PFMA in its current form does not provide the National Treasury with powers to institute disciplinary action against accounting officers. Information related to disciplinary action instituted in departments can be found in annual reports of those departments. The Frameworks issued by the National Treasury on ...
Whether he and/or the National Treasury submitted a policy review document and/or any other government policy document to structures outside of the Government, either to private and/or external structures or structures of any political affiliation during the past five years; if not, what is the position in this regard; if so, (a) will he furnish Mr C H H Hunsinger with copies of all such documents and (b) what are the reasons that the Government documents were provided to each structure?
This question is very general, and it is not very clear what specific information the Honourable Member is requesting. It is generally the policy of the Government and the National Treasury to seek public comments on policy and legislative proposals. Such policy and legislation proposals are generally published on the National Treasury website for public comment, and once finalised, made public once again on ...
(1)With reference to his reply to question 2088 on 27 September 2021 regarding the non-payment of pension funds by the Dr Beyers Naudé Local Municipality, what (a) progress has been made on settling the arrears on the payment of pension funds owed by the Dr Beyers Naudé Local Municipality to third parties and (b) is the status of the payments to medical aid contributions by the Dr Beyers Naudé Local Municipality on behalf of officials and councilors where the monies have been deducted from their salaries;
(2) whether the Dr Beyers Naudé Local Municipality is up to date with payments to the SA Revenue Service;
(3) whether the National Treasury has contemplated withholding equitable share to the Dr Beyers Naudé Local Municipality until it complies with its fiduciary duties; if not, why not; if so, what are the relevant details?
The information below is provided by the municipality to National Treasury. It is not audited and so cannot be verified by Treasury.
1. (a) The Municipality paid an amount of R18.6 million in the month of September to the Pension Funds. That reduced the total arrear debt to R20.9 million in terms of the narrative report submitted by the municipality to both Provincial and ...
(1)Whether the Office of the Tax Ombud relies on any statutory provisions for its establishment; if not, why not; if so, what are the relevant details?
(2) whether a separate budget will be appropriated for the specified office; if not, why not; if so, what are the relevant details?
1. (a) There is enabling legislation which makes provision for the Minister of Finance to appoint a Tax Ombud in terms of Section 14 of the Tax Administration Act, 2011 (Act No 28 of 2011).
(b) Section 15 of the Tax Administration Act, 2011 is the enabling legislation which deals with the Office of the Tax Ombud and makes provision for the Tax Ombud ...