2024-w158 - 08 March 2024

Samantha Jane Graham to ask the Minister of Finance

(1)Whether the Pension Redress Programme by Government Employees Pension Fund is still ongoing; if not, why not; if so, what is the total number of applications that (a) were received to date, (b) have been finalised and (c) remain to be finalised; (2) whether he will furnish Ms S J Graham with the latest update on the application of Ms Sheila Cathleen Lewis [details furnished]?

Reply from the Minister of Finance on 8 Mar 2024

The Pension Redress Programme was an initiative negotiated and agreed to by parties to the Public Service Coordinating Bargaining Council (PSCBC) through Resolution 7 of 1998. The programme aimed to address discriminatory practices by recognising non-contributory service as pensionable service for employees affected by past discrimination. The programme's implementation period started on 29 November 2002 and concluded on 31 July 2012, following PSCBC Resolution ...

More »

2024-w298 - 08 March 2024

Robert Alfred Lees to ask the Minister of Finance

(1)Whether, with reference to National Treasury’s presentation to the Standing Committee on Appropriations on 14 February 2024, the R10,5 billion and R1,0 billion funds that were allocated to SA Airways (SAA) were used for purposes other than settling outstanding business rescue obligations; if so, what are the relevant details; (2) whether all government guarantees to SAA have been cancelled; if not, what is the position in this regard; if so, what are the relevant details; (3) whether SAA has been submitting monthly updates to the National Treasury, including, inter alia, forecast cash flows, revenue generation, profit and loss statements, and statements of financial position; if not, why not; if so, will he furnish Mr R A Lees with all the records of such updates up to 31 January 2024?

Reply from the Minister of Finance on 8 Mar 2024

1. The funding allocated to SAA was utilised to settle the obligations that arose from the business rescue processes. The settlement of the business rescue obligations is expected to be settled over several years.

2. One of the conditions attached to the funding provided to SAA was that government guarantees available to the airline would be reduced by the equivalent quantum. At present SAA ...

More »

2024-w334 - 08 March 2024

Jan Naudé De Villiers to ask the Minister of Finance

What are the full details of all (a) sponsorships, (b) donations and (c) financial transfers provided for lawfare and/or any other purposes to (i) him, (ii) the National Treasury and (iii) officials of the National Treasury by any (aa) Qatari, (bb) Iranian and/or (cc) Russian organ of state, organisation and/or resident since 1 January 2021 up to the latest date in 2024 for which information is available?

Reply from the Minister of Finance on 8 Mar 2024

 

(i)

Minister of Finance

(ii)

National Treasury

(iii)

National Treasury Officials

(a) Sponsorships

None

None

None

(b) Donations

     

(c) Financial transfers

     

(aa) Qatari

None

None

None

(bb) Iranian

     

(cc) Russian organ of state, organisation and/or resident

     
More »

2024-w92 - 06 March 2024

Emma Louise Powell to ask the Minister of Finance

(a) On which date were funds deposited by the United Arab Emirates (UAE) into a South African bank account for Sudanese leaders prior to the meeting of the President of the Republic, Mr M C Ramaphosa, with Mohamed Hamdan Dagalo, leader of Sudan's Rapid Support Forces, (b) which other organisations involved in wars across Africa have been similarly assisted and (c) was this one of the reasons that South Africa was grey-listed by the ratings agencies?

Reply from the Minister of Finance on 6 Mar 2024

a) As the Honourable member would be aware, the Minister of Finance does not have sight of transactions that are facilitated by banks on behalf of their clients. The role of the Minister of Finance, with regard to the operation of banks, is limited to formulating financial regulatory policy.

b) Please refer to (a) above.

c) Government has provided the reasons for South Africa ...

More »

2024-w16 - 06 March 2024

Sbuyiselwe Angela Buthelezi to ask the Minister of Finance

Considering that the debt owed to municipalities by government departments is at the core of the financial challenges faced by municipalities, what are the full, relevant details of (a) an overview of the municipal debt of each government department and (b) how the National Treasury intends to address the debt issue?

Reply from the Minister of Finance on 6 Mar 2024

a) The high-level analysis of municipal debt for each government department as per MFMA S71 report for the financial period ending 31 December 2023 shows a total outstanding debt of R22 065 billion.

b) An additional breakdown of the total outstanding debt can be summarised as follows:

Total National Departments R8 015 billion

Total Provincial Departments R9 756 billion

Other entities and institutions R4 294 billion

Further ...

More »

2024-w159 - 06 March 2024

Denis Joseph to ask the Minister of Finance

What are the reasons that the late Mrs Gertrude Malouw [details furnished], who passed away on 10 October 2013, is still receiving final letters of demand from the SA Revenue Service for an outstanding amount of R2 500,00?

Reply from the Minister of Finance on 6 Mar 2024

Without getting into taxpayer confidential information as prescribed in Chapter 6 of the tax administration act, in a scenario where a taxpayer passes on, a family member or Executor of the deceased estate would normally inform relevant parties including SARS of the death of the taxpayer so that the matter may be coded accordingly as deceased. This includes publishing the death notice on the ...

More »

2024-w3726 - 02 January 2024

Rosina Ntshetsana Komane to ask the Minister of Finance

Considering that the Portfolio Committee on Public Service and Administration paid an oversight visit to the (a) Northern Cape and (b) Free State in May 2023, where it identified the common challenge to be that the State lacked internal capacity as most reports were not showing alignment between the budget and procurement plans, what steps has the National Treasury taken to date to address the specified issue of misalignment between budget and procurement?

Reply from the Minister of Finance on 2 Jan 2024

Section 27(3) of the Public Finance Management Act (PFMA) states that an annual budget must be in accordance with a format prescribed by the National Treasury. The Medium-Term Expenditure Framework (MTEF) Technical Guidelines 2024 for provinces were issued in June 2023 to make such prescriptions, provide government departments, as well as provincial public entities, with guidance on how to prepare their medium-term estimates for ...

More »

2023-w3403 - 22 December 2023

Mzwanele Manyi to ask the Minister of Finance

In light of the fact that the Auditor-General has reported a 31% shortfall in terms of upgrading unqualified audit outcomes into clean audit in the National Treasury and all 16 entities that report to him, what actions has he put in place to achieve 100% clean audit in (a) the National Treasury and (b) all the entities that report to him?

Reply from the Minister of Finance on 22 Dec 2023

1. NATIONAL TREASURY

The department has developed an audit action plan to address audit findings and improve on the quality of reporting on both the financial statements and performance information. The audit action plan will be presented quarterly to the NT Audit Steering Committee, where the responsible officials identified as per the action plan will be invited to provide progress updates on the proposed ...

More »

2023-w3908 - 22 December 2023

Baxolile Babongile Nodada to ask the Minister of Finance

With regard to the correspondence by the Government Employees Pension Fund in November 2022 informing its members who intended to retire in November or thereafter that they would not receive their full pension payments, and in light of the complaint received from a retiree (details furnished) that despite applying for her pension before November and not receiving any letter she did not receive her full pension, (a) what informed the retroactive application of the November correspondence and (b) how many individuals were affected by such retroactive application?

Reply from the Minister of Finance on 22 Dec 2023

a) The GEPF implemented its revised actuarial factors with effect from 1 November 2022. The actuarial factors of the GEPF are updated in accordance with any changes to the actuarial assumptions at each statutory valuation of the GEPF. In terms of the Government Employees Pension Law, 1996, (GEP Law), the actuarial factors are consulted with public sector labour unions. Upon conclusion of this process, ...

More »

2023-w3994 - 22 December 2023

Dion Travers George to ask the Minister of Finance

In view of the compelling argument for instituting a debt rule that sets a clear target for the national debt as a percentage of Gross Domestic Product (GDP), what (a) are the reasons that the National Treasury has not acted on the growing concern that the current expenditure rule has failed to halt the deterioration of our debt-to-GDP ratio and (b) measures will the National Treasury that will manage and control the rising national debt effectively?

Reply from the Minister of Finance on 22 Dec 2023

a) The ceiling on main budget non-interest expenditure was introduced in 2012 to anchor fiscal policy. However, budget deficits and debt have continued to grow, in part because the ceiling was not binding. The target of reducing and stabilising debt has been persistently shifted out, largely because of lower‐than‐expected economic and revenue growth, and large spending pressures such as state‐owned company bailouts and compensation ...

More »
Previous Page 2 of 191 Next