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Finance Standing Committee
Financial Intelligence Centre Act schedule amendments: NT response to public submissions
24 Aug 2022
Video (Part 1)
Video (Part 2)
Draft Amendments to Schedules 1, 2 and 3 Financial Intelligence Centre Act
Financial Intelligence Centre Act 2001 (Act No 38 of 2001)
National Treasury and the Financial Intelligence Centre (FIC) briefed the Committee in a virtual meeting on the Joint Conduct Standards of the ...
Finance Standing Committee
Phala Phala Matter, South African Reserve Bank & Prudential Authority 2021/22 Annual Reports
17 Aug 2022
The Standing Committee on Finance were briefed by the South African Reserve Bank (SARB) and the Prudential Authority (PA) on their annual reports for 2021/22.
Before the SARB and PA presentation could begin, an EFF Member insisted the SARB and PA should account to the Committee and answer the ...
Finance Standing Committee
Public Finance Management Amendment Bills: Motions of Desirability
15 Jun 2022
The Committee met to consider motions of desirability on two Private Members’ Bills to amend the Public Finance Management Act. The majority of Members rejected the motions.
DA Members sponsoring the Public Finance Management Amendment Bills argued that the Committee should agree to the proposed amendments rather than accept ...
Finance Standing Committee
Public Finance Management Amendment Bills: response to submissions
14 Jun 2022
The virtual meeting dealt with the responses to National Treasury submission on the two Private Members Bills amending the Public Finance Management Act.
• The Public Finance Management Amendment Bill [B41-2018] drafted by MP Lees aims to amend the Public Finance Management Act to provide for parliamentary oversight when ...
Finance Standing Committee
Tax administration challenges: Tax Ombudsman, SARS & NT briefing
7 Jun 2022
The Standing Committee on Finance and the Select Committee on Finance were briefed in a virtual meeting by the Tax Ombudsman, the South African Revenue Service (SARS) and National Treasury (NT) on tax administration challenges.
The Tax Ombud, Judge Bernard Ngoepe, said that the Office of the Tax Ombud (OTO) ...
Finance Standing Committee
Development Bank of South Africa (DBSA) Quarterly Reports; Committee Oversight Visit Reports
1 Jun 2022
The Standing Committee on Finance met on a virtual platform to receive a briefing from the Development Bank of Southern Africa (DBSA) on its Quarterly Report for the final quarter of the 2021/22 financial year.
The Bank informed the Committee that it could not get into ...
Standing Committee on Appropriations
Appropriation Bill: public hearings
31 May 2022
In a joint meeting, the Standing and Select Committees on Appropriations held public hearings on the Appropriation Bill. The Committees heard submissions from Equal Education, SAICA and COSATU. The main points in the submissions included the shrinking spend on school infrastructure; the inexplicable R3.4 billion budget for VIP protection ...
Standing Committee on Appropriations
Appropriation Bill: Department of Water and Sanitation briefing; with Ministry
24 May 2022
The Committee convened virtually to receive a briefing from the Department of Water and Sanitation, on the 2022 Appropriation Bill. The Minister and Deputy Minister were in attendance.
The Department reported that is in the process of planning and implementing a range of major projects to augment national bulk ...
Finance Standing Committee
Financial Management of Parliament and Provincial Legislatures Amendment Bill: briefing
24 May 2022
Financial Management of Parliament and Provincial Legislatures Amendment Act [B1-2014]
Financial Management of Parliament and Provincial Legislatures Act [Act 10 of 2009]
This Amendment Bill has been proposed to strengthen the budgeting and financial management processes in Parliament and provincial legislatures as identified by the CFOs of these institutions. ...
Standing Committee on Appropriations
Department of Police on the 2022 Appropriation Bill; with Deputy Minister
20 May 2022
The Committee convened virtually to be briefed by the Department of Police on specific matters that the Committee had asked the Department to address to make contributions to the 2022 Appropriation Bill. The Appropriation Bill aims to divide the funds that have been allocated in the national sphere of ...