Politician Profile Page
Finance Standing Committee
Banks Amendment Bill: public hearings; Auditing Profession Amendment Bill: deliberations
4 Feb 2015
The Standing Committee on Finance held public hearings on the Banks Amendment Bill and deliberations on the Auditing Profession Amendment Bill. Thirteen written submissions had been made on the Banks Amendment Bill, but only four of the entities who had made submissions gave oral presentations. These were Investec Asset Management, ...
Finance Standing Committee
Auditing Profession Amendment Bill, Banks Amendment Bill & Financial & Fiscal Commission Amendment Bill: National Treasury briefing
3 Feb 2015
The National Treasury briefed the Standing Committee on the Banks Amendment Bill. Urgent amendments to the Banks Act were needed to increase options for the curator to resolve a bank unable to meet its obligations. Urgency was required to extend the option to the curatorship of African Bank. The option ...
Finance Standing Committee
Twin Peaks legislation, retirement reform: National Treasury briefings, Davis Tax Committee report postponed
25 Nov 2014
The National Treasury briefed the Committee on the proposals for Twin Peaks legislation, and gave the background and a summary of the main issues leading to the financial crisis of 2008, South Africa’s response and policy strategy, the concept of holistic reform, and the process to be followed. going forward. ...
Finance Standing Committee
Financial Services Board on its 2013/14 Annual Report
11 Nov 2014
The Committee met with the Financial Services Board (FSB) to discuss the annual report on the performance of the entity. The FSB provided the Committee with a comprehensive presentation covering the vision and mission of the FSB, thereafter looking at the strategic intentions of the entity’s key institutional objectives. The ...
Finance Standing Committee
Taxation Laws Amendment Bill: deliberations; Tax Administration Laws Amendment Bill; Rates and Monetary Amounts and Amendment of Revenue Laws Bill: deliberations & voting
5 Nov 2014
The Standing Committee on Finance considered and adopted the Budgetary Review and Recommendations Report (BRRR) for National Treasury.
Rates and Monetary Amounts and Amendment of Revenue Laws Bill
Members said that the Bill was difficult to comprehend and there was frequent cross referencing in it. National Treasury agreed and said ...
Finance Standing Committee
National Treasury & Statistics SA Budget Review and Recommendations Report
4 Nov 2014
The Standing Committee on Finance met to consider the Budgetary Review and Recommendations Report (BRRR) of National Treasury and Statistics SA.
Members wanted the recommendations of the Statistics South Africa (Stats SA) report to highlight the concern about the issue of vacant posts, as South Africa had a skills shortage ...
Finance Standing Committee
Accounting Standards Board on its 2013/14 Annual Report; Parliamentary Budget Office on impact of investment in South Africa
29 Oct 2014
The Accounting Standards Board (ASB) briefed the Committee on its annual report, focussing on financial performance, cost containment, strategy of the ASB 2015-19 and discussed a letter dated 23 July 2014. The ASB reported that its performance was limited by its narrow mandate and demanded a review and extension of ...
Finance Standing Committee
Revised Fiscal Framework: public hearings
28 Oct 2014
A joint meeting of the Standing and Select Committees on Finance heard briefings from the Financial and Fiscal Commission (FFC), the Parliamentary Budget Office (PBO), and the SA Reserve Bank (SARB) on the revised fiscal framework.
The Financial and Fiscal Commission (FFC) presentation gave an overview of the Medium Term ...
Finance Standing Committee
2014 Medium Term Budget Policy Statement: briefing by Minister of Finance, with Deputy Minister in attendance
23 Oct 2014
The Minister remarked that the budget policy framework and spending priorities of government for the following three years was produced under trying and unenviable conditions. The Director General explained that the global outlook remained uneven, and that the South African current account and fiscal deficits caused the country to depend ...
Finance Standing Committee
SA Reserve Bank on its 2013/14 Annual Report; SARS response to comments on Taxation Laws & Tax Administration Laws Amendment Draft Bills
15 Oct 2014
The Governor Designate of the South African Reserve Bank (SARB) noted that this year was the first integrated report of the bank. It had been moving toward integrated reporting in line with best practice and international guidelines over the past few years. He provided SARB's views on the economy and ...