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NCOP Finance
Committee Minutes
11 Mar 2020
The Committee adopted a number of sets of minutes without amendments
NCOP Appropriations
Strategic Planning Workshop: National Treasury; FFC & Salga
11 Mar 2020
The Committee met for a capacity-building workshop, where Members were briefed by the Financial and Fiscal Commission (FFC), National Treasury (NT) and the South African Local Government Association (SALGA).
The presentations were designed to give an insight into the structure, roles, responsibilities and operations of each of the entities. Members ...
NCOP Finance
Land and Agricultural Bank of South Africa 2018/19 Annual Report & 2019/20 corporate plan
10 Mar 2020
The Land Bank briefed the Committee on its 2018/2019 Annual Report and 2019/2020 corporate plan, stressing its shared role as a commercial bank and Development Finance Institution (DFI). It gave details of its funding sources, and reported that commercial funding grew by 5.3% from R40.07 billion in 2018, to R42.17 ...
Finance Standing Committee
Committee Report on 2020 Fiscal Framework and Revenue Proposals
10 Mar 2020
The Finance Committees of the National Assembly and the National Council of Provinces held a joint meeting to consider a draft report on the fiscal framework and revenue proposals contained in the 2020 Budget. They then held brief separate meetings to adopt the report with amendments.
The Democratic Alliance (DA) ...
NCOP Finance
Committee Report on 2020 Fiscal Framework and Revenue Proposals
10 Mar 2020
The Finance Committees of the National Assembly and the National Council of Provinces held a joint meeting to consider a draft report on the fiscal framework and revenue proposals contained in the 2020 Budget. They then held brief separate meetings to adopt the report with amendments.
The Democratic Alliance (DA) ...
Finance Standing Committee
2020 Fiscal Framework and Revenue Proposals: response to public hearings
6 Mar 2020
2020 Budget Speech
Fiscal Framework and Revenue Proposals
2020 Fiscal Framework and Revenue Proposals: public hearings
The National Treasury stated that discussions with stakeholders were centred on the fiscal consolidation versus stimulus debate, the wage bill and other baseline proposals, and tax proposals. The government had proposed a tough budget, ...
Finance Standing Committee
2020 Fiscal Framework and Revenue Proposals: public hearings
4 Mar 2020
2020 Budget Speech
Fiscal Framework and Revenue Proposals
The Standing and Select Committees on Finance held joint public hearings on the 2020 Budget. The Congress of South African Trade Unions (COSATU); the National Union of Metalworkers of SA (NUMSA); National Council Against Smoking (NCAS); Fiscal Cliff Study Group (FCSG); Organisation ...
Finance Standing Committee
2020 Budget: Parliamentary Budget Office & Financial and Fiscal Commission briefings
3 Mar 2020
Parliament’s finance and appropriations committees from both houses met jointly to be briefed on the 2020 Budget by the Parliamentary Budget Office (PBO) and the Financial and Fiscal Commission (FFC).
The PBO expressed the view that the macroeconomic approach of the budget was too narrowly focused on ...
Finance Standing Committee
Pre-Budget briefing by Parliamentary Budget Office
25 Feb 2020
High debt levels, mass unemployment and poor economic growth were some of the issues raised at a pre-budget briefing given by the Parliamentary Budget Office to the Standing and Select Committees on Finance.
Committee Members were told that poor levels of investment remained a problem, and that there was a ...
NCOP Appropriations
Conditional Grants 2019/20 Quarter 3 spending
19 Feb 2020
National Treasury noted Provincial Conditional Grants come in two categories:
• Schedule 4A grants supplement funding of programs or functions funded from provincial budgets such as the Provincial Road Maintenance Grant.
• Schedule 5A conditional grants are specific purpose that must be spent following a framework.
Generally, 70-75% spending is ...