Whether he has found that section 72 of the Local Government: Municipal Finance Management Act, Act 56 of 2003, only allows the accounting officers of a municipality to recommend whether an adjustment budget is necessary when they have assessed and reviewed the performance of the municipality and its entities based on the municipality’s annual report, as such annual report reflects the performance report of the municipality and includes amongst other things, the comparisons on performance targets, service delivery priorities, the financial statements and the audit report on the financial statements; if not, what is the position in this regard; if so, what are the relevant details?
Section 72(1)(a) of the Municipal Finance Management Act, 2003 (Act No. 56 of 2003) (MFMA) requires the Accounting Officer to assess the performance of the municipality during the first half of the financial year taking into account:
- the monthly statements referred to in section 71 for the first half of the financial year;
- the municipality’s service delivery performance during the first half of the ...
Whether he will furnish Mr J N de Villiers with a (a) list and (b) full description of all events planned by the National Treasury to take place before 29 May 2024 in celebration of the 30 years of democracy in the Republic, including the (i) projected total cost or expenditure of each event and (ii) breakdown thereof in terms of expenditure for (aa) catering, (bb) entertainment, (cc) venue hire, (dd) transport and (ee) accommodation; if not, why not; if so, what are the relevant details?
(a) None, since it is not part of the National Treasury’s mandate.
(b)(i) None
(b)(ii)(aa)(bb)(cc)(dd) & (ee) None
With reference to his reply to question 84 on 9 March 2023, what are the details of the (a) make, (b) model, (c) year of manufacture, (d) date of purchase and (e) purchase price paid for each vehicle purchased by the National Treasury for (i) him and (ii) the Deputy Minister since 8 May 2019?
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(a) Make
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(b) Model
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(c) Year of manufacture
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(d) Date of purchase
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(e) Purchase price paid since 8 May 2019
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(i) Minister
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BMW
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X3 XDRIVE 20D
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2022
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4 March 2024
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R786 710
|
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(ii) Deputy Minister
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Audi
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Q5 4.0 TDI
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2023
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13 October 2023
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R795 000
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More »
(1)With reference to the presentation by the National Treasury to the Portfolio Committee on Finance on 14 February 2024 in which SA Airways (SAA) was reported to have traded at a loss of R761 million for the first three quarters of the 2023-24 financial year, what are the details of the sources of funds that enabled SAA to continue trading despite the losses incurred;
(2) whether SAA was solvent as at the 31 December 2023; if not, what is the position in this regard; if so, what are the relevant details?
1. SAA has cash reserves with which the airline absorbs losses incurred. Moreover, several of the expenditure items that contributed to SAA losses are non-cash items and thus would not have a direct impact on SAA’s available cash reserves. Non-cash expenses (Depreciation and Amortisation) amounted to R109 million for the first three quarters of the financial year. During the same period, SAA generated a ...
(1)(a) What is the rationale behind the decision of the Land Bank to advertise the sale of its loan book, (b) what specific criteria were employed to determine which loans would be included in the sale and (c) which clients would be excluded;
(2) what is the (a) estimated timeline for concluding the sale of the loan book and (b) anticipated total amount of proceeds expected from the specified sale;
(3) whether the sale is an effort to ensure the sustainability of the Land Bank in the long run; if not, what is the position in this regard; if so, what are the relevant details?
(1) (a) What is the rationale behind the decision of the Land Bank to advertise the sale of its loan book, (b) what specific criteria were employed to determine which loans would be included in the sale and (c) which clients would be excluded;
Land Bank’s Response:
At the outset, it should be noted that a write-off of non-performing loans is an accounting term ...
(1)Whether, with regard to the implementation of Remote Work Visas, changes to the Income Tax Act, No. 58 of 1962 would be needed if applications come from a double taxation area; if not, what is the position in this regard; if so, what changes are envisaged;
(2) what (a) steps have been taken to implement the SA Revenue Service’s announcement of an online traveller declaration system and (b) is the purpose and benefit of implementing this online traveller declaration system?
1. No.
Employees and businesses operating in South Africa are generally subject to taxation in SA on the income derived from those SA activities. This is because the originating cause of the amount being received as income is the physical work that is undertaken to generate that income, which is located in SA (known as income from an SA source). However, most jurisdictions, including ...
(1)What total amount in revenue has been generated through the levy on plastic bags;
(2) whether, given that the levies collected were intended to be used for (a) waste management and/or (b) environmental initiatives, any amount of such levies (i) had been ring-fenced for such environmental initiatives and/or (ii) has gone into the fiscus; if not, what is the position in this regard; if so, what (aa) total amount in each case and (bb) are the relevant details in each case?
Question 1
The total revenue collection from the plastic bag levy since its introduction in 2004 amounted to R5.3 billion. Table 1 below shows the revenue collections for the period 2004 to 2023.
Table 1: Plastic bag revenue collection (2004 to 2023)
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Fiscal year
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2004
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2005
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2006
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2007
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2008
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2009
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2010
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2011
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2012
|
2013
|
|
Revenue (R million)
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41,2
|
61,4
|
75,1
|
86,3 ... |
(1)Whether, considering that during his reply to the debate on the State of the Nation Address, the President of the Republic, Mr M C Ramaphosa, indicated that unspent funds by municipalities is something that should not be tolerated, and noting that the financial year-end of departments and municipalities do not coincide, he has found that there is a level of fiscal dumping by national departments onto local governments which gives them only three months to spend their money; if not, what is the position in this regard; if so,
(2) whether he will consider motivating the financial year-end of all spheres of government to be the same; if not, what is the position in this regard; if so, what are the relevant details?
1. National Treasury (NT) during the many forums, intergovernmental forums and consultation processes always caution organs of state against fiscal dumping. Fiscal dumping is perceived when sector departments (transferring officers), that administrate and monitor municipal performance, transfer huge amounts of money during the last month of the national financial year (March). However, it should be noted that in terms of the division of nationally ...
(1)Whether, in light of the statement on the Government’s official news site regarding the participation of the Republic in the 54th Annual Meeting of the World Economic Forum (WEF) 2024 that took place in Davos-Klosters, Switzerland, from 15 to 19 January 2024, which detailed the delegation’s productive engagements, he will furnish Dr D T George with a breakdown of the total costs incurred by the delegation for the trip to the WEF 2024, with particular reference to the expenses relating to (a) accommodation, (b) air travel, (c) ground transportation, (d) entertainment and (e) any other ancillary expenses;
(2) whether the National Treasury was responsible for covering the costs of the entire delegation’s expenses; if so, what are the relevant details; if not,
(3) whether the costs were covered from the budget allocated for his expenditures as Minister; if not, what is the position in this regard; if so, what are the relevant details? NW363E
(1)
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(a)
Accommodation
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(b)
Air Travel
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(c)
Ground transportation
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(d) Entertainment
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(e)
Other ancillary expenses
|
|
R838 576,58
|
R325 238,64
|
R260 014,26
|
-
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R125 258,00
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(2) National Treasury covered the cost of the department’s delegation only.
(3) The costs were covered from the budget of the Minister and the International and Regional Economic Policy Division.
(1)Whether, with reference to National Treasury’s presentation to the Standing Committee on Appropriations on 14 February 2024, has Takatso Consortium provided proof of funds for the Strategic Equity Partnership transaction; if not, why not; if so, what are the relevant details of such proof of funds;
(2) whether National Treasury conducted a review of the Strategic Equity Partnership between Takatso Consortium and SA Airways (SAA); if not, why not; if so, will (a) the partnership give rise to any future fiscal obligations for the State, (b) he furnish Mr R A Lees with a copy of the agreement and (c) on what date does he envisage doing so;
(3) whether the National Treasury will obtain a fair payment for the 51% of the SAA shares to be sold to the Takatso Consortium; if not, why not; if so, what are the relevant details;
(4) what are the relevant details of non-core assets that SAA has disposed of since entering business rescue on 5 December 2019?
1. No correspondence has been received by the National Treasury relating to the Sale and Purchase Agreement and the proof of funds necessary for the Strategic Equity Partnership transaction.
2. National Treasury did not conduct a review of the Strategic Equity Partnership transaction as it was not subject to section 54(2) of the PFMA. Once the Sale and Purchase Agreement is received by the ...
