Chairperson, this is a rather uncontroversial report that we have before us. It was agreed to - I think - unanimously, perhaps the EFF objected in the committee.
But it is a very good reflection on the committee's deliberations on the state of the National Treasury and the entities that report to it. And in the time that I have I just want to focus on three of them: the SA Revenue Service, Sars, the SA Reserve Bank, SARB, and the Public Investment Corporation, PIC.
Firstly, Sars has undergone a terrible last few years, with suffering the effects of state capture; because of politically motivated cadre deployment to the management of that institution. So, now we hear lots of ANC speakers bemoaning what has happened at Sars, forgetting that it happened on their and on their instruction.
But, nevertheless, Sars is now turning itself around and we have huge confidence in the ability of Commissioner Kieswetter to turn
that organisation around and restore it to the organisation of impeccable and unimpeachable integrity that it was just a few short years ago. It is a reminder of how quickly our democratic institutions can be destroyed by cadre deployment and how much we must protect them.
Secondly, the SA Reserve Bank has come under relentless attack from the ANC in its election manifesto and by the EFF, which has been pushing for the nationalisation of that bank and we are pleased that the committee has expressed its support for the independence of the reserve bank and the rejection of attempts to nationalise it. And I'm afraid I've run out of time.
Thank you very much. [Applause.]