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Finance Standing Committee
Government Employees Pension Fund & Public Investment Corporation on their 2016 Annual Performance Plan & Quarterly Reports
12 Apr 2016
Documents handed out:
Public Investment Corporation 2016 Annual Performance plan
Government Employees Pension Fund 2016 Annual Perfomance Plan [Documents not available email info@pmg.org.za]
The Government Employees Pension Fund (GEPF) and the Public Investment Corporation (PIC) presented their 2016 annual performance plans and quarterly reports to the Standing Committee on Finance. ...
Finance Standing Committee
Financial Intelligence Centre Amendment Bill [B33-2015]: deliberations
15 Mar 2016
The Chairperson indicated that the Committee would like the Bill completed as soon as possible, and for this reason it had been decided that the Committee's meetings with the Public Investment Corporation and Government Employees Pension Fund should be rescheduled. The DA objected to this
The Committee was taken through ...
Finance Standing Committee
Revenue Laws Amendment Bill [B4-2016]: Clause 1 amended and revised Bill adopted
10 Mar 2016
The Committee met to discuss the amendments made to the Revenue Laws Amendment Bill [B4 – 2016]. This Bill was introduced by the Minister of Finance on 24 February 2016, as a Money Bill as contemplated in section 77 of the Constitution. The purpose of the Bill is to postpone ...
Finance Standing Committee
Revenue Laws Amendment Bill [B4-2016]: NUMSA, COSATU, ASISA concerns
8 Mar 2016
The meeting was held to deal with the recent Revenue Laws Amendment Bill and the two-year delay on compulsory annuitisation of provident funds. The Chairperson noted that this is particularly important to unions and a sensitive matter with regard to savings and taxation. The major disagreements in the meeting were ...
Finance Standing Committee
Finance Committee Report on 2016 Budget
8 Mar 2016
The joint committee meeting with the Standing Committee and Select Committee on Finance was held to discuss their considerations of the 2016 Budget Committee Report. Among some of the points raised were:
• The need for National Treasury to provide the relevant information, assuming it was not market sensitive, to ...
Finance Standing Committee
2016 Budget: National Treasury responses & further clarification
4 Mar 2016
The National Treasurer gave responses questions raised at public hearings, and provided further clarifications on the budget. He noted that the Office of the National Treasury had received enormous inputs and comments in the aftermath of the 2016 budget speech. Questions were responded to without making reference to them, because ...
Finance Standing Committee
Revenue Laws Amendment Bill [B4-2016]: public hearings; Treasury, COSATU, ASISA submissions
3 Mar 2016
Co-Chairperson Mr Y Carrim (ANC) read out a statement, which drew heavily from the November 2015 Report of the Standing Committee on Finance to the National Assembly, on behalf of the Standing Committee. This statement mainly dealt with allegations that there had been insufficient or no consultation by that Committee ...
Standing Committee on Appropriations
Division of Revenue Bill [B2-2016]: National Treasury briefing
26 Feb 2016
At the outset, the Democratic Alliance Members raising concerns whether this meeting was properly called, in terms of the Constitution and the Money Bills Amendment Procedure and Related Matters Act (the Money Bills Act). They asserted that Parliament should only consider the Division of Revenue Bill after the adoption of ...
Standing Committee on Appropriations
Minister of Finance on the 2016 Budget
25 Feb 2016
In the presence of the Minister of Finance, the Director General of National Treasury briefed the Committee on the 2016 Budget and the Minister answered questions. Taking the Committee through the presentation, the DG focused on the reasons for tough decisions and why South African needed to act pre-emptively. The ...
Finance Standing Committee
Financial Sector Regulation Bill [B34-15]: National Treasury response to public hearings
16 Feb 2016
The meeting began with a presentation by National Treasury on its responses to the major points raised during the public hearings on the Financial Sector Regulation Bill.
The six major areas were: role of parliament in making regulatory instruments; clause 141 binding interpretations; significant owners; directives to holding companies; the ...