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NCOP Finance
Financial Intelligence Centre Amendment Bill [B33-15]: briefing ; North West Provincial Treasury on its 3rd & 4th 2015/16 Quarter performance
20 May 2016
National Treasury gave the briefing on the Financial Intelligence Amendment Bill. The rationale for the Amendment Bill was to address challenges related to money laundering and corruption and to comply with the United Nations Convention against Corruption. Members felt that the Bill was needed but expressed their concern about its ...
NCOP Finance
Eastern Cape, Limpopo & Northern Cape Provincial Treasuries on their 3rd & 4th Quarter 2015/16 performance
18 May 2016
National Treasury presented the aggregated budgets and expenditure for the provinces of Limpopo, Eastern Cape and the Northern Cape, with a focus on overspending and underspending. A summary of key conclusions and financial risks over the 2016 MTEF showed that the Eastern Cape and Limpopo had tabled surplus budgets for ...
NCOP Appropriations
Municipal Infrastructure Grant rollovers for the past 5 financial years: hearings with National Treasury
17 May 2016
The National Treasury briefed the Committee on the Municipal Infrastructure Grant (MIG) roll-overs for the past five financial years (2011-2016). It was highlighted that the Eastern Cape, KwaZulu-Natal and Limpopo had received the highest MIG allocations in the 2010/11 to 2014/15 financial years, while Gauteng, Northern Cape and Western Cape ...
NCOP Finance
Gauteng Provincial Treasury on its Quarter 3 & 4 performance
11 May 2016
The National Treasury and Gauteng Provincial Treasury briefed the position on the general spending, and the spending of individual provincial departments in Gauteng in the third and fourth quarters of the 2015/16 financial years. It was noted that the Gauteng Provincial Government (GPG) underspent by R2.2 billion although over spending ...
NCOP Appropriations
Western Cape Municipal Infrastructure Grant (MIG) performance
10 May 2016
The Committee was taken through the performance record of Municipal Infrastructure Grant (MIG) expenditure by the Western Cape provincial government for the preceding five years. Situational analysis for the second quarter indicated that 6 municipalities were above 50%; 11 were between 40 and 50%, 4 were between 30 and 40%, ...
Joint Standing Committee on Financial Management of Parliament
Election of Co-Chairpersons
5 May 2016
The Chairpersons for both the National Assembly (NA) and National Council of Provinces (NCOP) component of the new Joint Standing Committee on Financial Management of Parliament were elected.
NCOP Appropriations
Division of Revenue Bill [B2-16]: final mandates
3 May 2016
Final mandates on the Division of Revenue Bill were received from seven provinces and they all approved the Bill. The minimum requirement is five provinces.
The Committee Report on the Division of Revenue Bill was considered and adopted. An important Committee recommendation was that the Department of Monitoring and Evaluation ...
NCOP Appropriations
Division of Revenue Bill [B2-2016]: public hearings
12 Apr 2016
The SALGA submission stated that there had to be increased accountability and consequences for management of limited resources by local government. Within the context of decreased allocations, SALGA argued for protection of allocations to poor and rural municipalities. The serious decline in the Municipal Systems Improvement Grant was cause for ...
NCOP Appropriations
Provincial conditional grants 3rd quarter 2015 performance: National Treasury briefing
5 Apr 2016
National Treasury provided the expenditure figures for each of the nine provinces. The required norm is 75% spent by the end of the third quarter. Percentages fell short of the required percentage in many instances. Grants where underspending was most prevalent were Agriculture; Arts and Culture; Social Development, and the ...
NCOP Finance
Revenue Laws Amendment Bill [B6-2016]: briefing, consideration and adoption
16 Mar 2016
The Committee was briefed by National Treasury on the Revenue Laws Amendment Bill and considered and approved the Bill, with the DA dissenting. The Bill provides an amendment to the Taxation Laws Amendment Act to postpone the commencement date from 1 March 2016 to 1 March 2018 for certain provisions ...