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Finance Standing Committee
Committee Report on Financial Sector Transformation Report: Treasury, SARB and NEDLAC response
21 Nov 2018
The Committee met with the National Treasury to hear its responses to aspects of the Committee’s Financial Sector Transformation Report, including on digital financing. NEDLAC also gave an update on its preparations for the Second National Financial Sector Summit.
National Treasury said Treasury’s 2011 policy paper “A safer financial sector ...
Finance Standing Committee
Financial Matters Amendment Bill: briefing; Committee Report on Fiscal Framework
20 Nov 2018
Committee Report on 2018 MTBPS
The Committee held a briefing by National Treasury on the Financial Matters Amendment Bill.
National Treasury, in briefing, said the Financial Matters Bill sought to amend five Acts as follows: the Insolvency Act, the Military Pensions Act, the Government Employees Pension law, the Banks Act ...
Finance Standing Committee
Rates and Monetary Amounts and Amendment of Revenue Laws Bill, Taxation Laws Amendment Bill & Tax Administration Laws Amendment Bill: adoption; PIC Bills & Banks Amendment Bill: deliberations
14 Nov 2018
The Committee met for deliberations on the Banks Amendment Bill as well as the Public Investment Corporation (PIC) Bill. The Committee also formally adopted the Rates and Monetary Amounts and Amendment of Revenue Laws Bill, Taxation Laws Amendment Bill (TLAB) and Tax Administration Laws Amendment Bill (TALAB) following their consideration ...
Finance Standing Committee
VBS Mutual Bank
7 Nov 2018
VIDEO: Standing Committee on Finance - Meeting on VBS Mutual Bank
The Committee met to discuss the VBS Mutual matter. The South Reserve Bank, National Treasury, the Hawks, the National Prosecuting Authority (NPA), the Independent Regulatory Board of Auditors (IRBA), the Financial Sector Conduct Authority, the South African Institute for ...
Finance Standing Committee
2018 MTBPS: Minister of Finance briefing; with Deputy Minister present
25 Oct 2018
2018 Medium Term Budget Policy Statement (MTBPS)
MTPBS Speech & Money Bills
The Standing Committees on Finance and Appropriations together with the Select Committees on Finance and Appropriation met for the MTBPS (medium-term budget policy statement) briefing with National Treasury in the presence of the Minister and Deputy Minister of ...
Finance Standing Committee
Pre-MTBPS: Parliamentary Budget Office briefing
23 Oct 2018
The Standing Committees on Finance and Appropriations together with the Select Committees on Finance and Appropriation met for a pre-MTBPS (medium-term budget policy statement) briefing with the Parliamentary Budget Office (PBO).
The PBO highlighted that global economic outlook indicates that prospects for recovery in growth through foreign investment and trade ...
Finance Standing Committee
Banks Amendment Bill [B12-2018]: public hearings
4 Sep 2018
The Committee held public hearings on the Bank Amendment Bill as introduced by Mr F Shivambu (EFF). The Banking Association South Africa gave a submission, and National Treasury and the South African Reserve Bank (SARB) gave inputs.
Mr F Shivambu (EFF) said the EFF’s correct observation was that the multi-party ...
Finance Standing Committee
PIC Amendment Bills: hearings
15 Aug 2018
The Committee held public hearings on the two Public Investment Corporation (PIC) Bills. The Public Servants Association (PSA), the Public Service Collective Bargaining Council (PSCBC) and AmaBhungane Centre for Investigative Journalism made oral submissions.
The PSA opposed the provision that would require the PIC to consider certain matters when exercising ...
Finance Standing Committee
South African Reserve Bank (SARB) Annual Report
15 Aug 2018
Government Departments & Entities 2016/17 Annual Reports
The Standing Committee on Finance met with the South African Reserve Bank (SARB) for a briefing on their annual report and related issues.
SARB, in presenting, highlighted the macroeconomic overview and outlook. Global growth is accelerating but risks were also rising. During the second ...
Finance Standing Committee
World Bank Report: An Incomplete Transition: Overcoming the Legacy of Exclusion in South Africa
14 Aug 2018
The Committee met with the World Bank for a presentation of South Africa’s Systematic Country Diagnostic, based on the latter’s Report entitled: “An Incomplete Transition: Overcoming the Legacy of Exclusion in South Africa”.
The World Bank noted that South Africa’s transition remained incomplete as the legacy of exclusion persists, in ...