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Finance Standing Committee
Asian Infrastructure Investment Bank Agreement: National Treasury briefing & Ratification
22 Nov 2022
The Standing Committee on Finance was briefed by National Treasury on the Asian Infrastructure Investment Bank (AIIB) Agreement.
The Committee was asked to:
-consider Cabinet’s 21 September 2022 decision approving South Africa to join the Asian Infrastructure Investment Bank (AIIB) through ratification of the Articles of Agreement
-approve the ...
Standing Committee on Appropriations
Division of Revenue Amendment Bill: Committee Report
15 Nov 2022
The Standing Committee on Appropriations considered and adopted its Report on the 2022 Division of Revenue Amendment Bill as well as the Motion of Desirability on the same bill.
Finance Standing Committee
2022 Revised Fiscal Framework and Revenue Proposals: public hearings
2 Nov 2022
2022 Revised Fiscal Framework and Revenue Proposals
The Standing Committee on Finance and the Select Committee on Finance met to conduct public hearings on the Revised Fiscal Framework and Revenue Proposals.
The following organisations made submissions: Congress of South African Trade Unions (COSATU); South African Institute of Chartered Accountants ...
Finance Standing Committee
2022 MTBPS: National Treasury briefing, with Minister
27 Oct 2022
2022 Medium-Term Budget Policy Statement (MTBPS)
In a joint meeting with the Standing Committee on Appropriations and the Select Committees on Finance and Appropriations, the Committee received a briefing from the Minister of Finance and National Treasury about the 2022 medium-term budget policy statement, which the Minister had tabled ...
Public Enterprises
Public Enterprises BRRR; Koeberg oversight visit prep
19 Oct 2022
The Committee discussed and adopted its Budgetary Review and Recommendations Report for the Public Enterprises portfolio. The major concern was the state of public enterprises such as Eskom, Transnet and Denel, as well as the recommendations that were not implemented. Other points raised were lack of ...
Finance Standing Committee
Financial Matters Amendment Bill: Matters concerning the Land Bank, with the Deputy Minister
19 Oct 2022
In a virtual meeting, National Treasury, led by the Deputy Minister, briefed the Committee on the current situation and proposals from government on the Land and Agricultural Development Bank of South Africa (Land Bank). The Chairperson of the Land Bank provided an update on its performance.
The presentation by ...
Finance Standing Committee
General Laws (Anti-Money Laundering and Combatting Terrorism Financing) Amendment Bill: National Treasury response to public submissions
18 Oct 2022
In this virtual meeting, National Treasury and the Financial Intelligence Centre briefed the Committee on their responses to the public submissions of the General Laws Amendment Bill (Anti-Money Laundering and Combating Terrorism Financing).
A presentation detailed the responses to specific and general comments of 43 stakeholders. The majority of ...
Public Enterprises
Public Enterprises Portfolio Audit Outcomes; DPE Annual Report 2021/22; FFC Input on performance of SOEs; with Deputy Minister
12 Oct 2022
The Committee convened in a virtual meeting to receive a briefing by the Auditor-General of South Africa (AGSA) on the audit outcomes of state-owned companies and the Department of Public Enterprises (DPE), a briefing by the Financial and Fiscal Commission (FFC) on its observations and findings ...
Standing Committee on Appropriations
Municipal Revenue Management Improvement Programme Underspending; Integrated Financial Management System Implementation
21 Sep 2022
In a virtual meeting, the Standing Committee was briefed by National Treasury on the underspending in the municipal revenue system. The Department outlined the tax laws and amendment bills that deal with remaining Treasury budget proposals.
At the heart of the failure is the municipalities’ failure to collect what ...
Finance Standing Committee
Closure of bank accounts: engagement with Gardee Godrich Attorneys, National Treasury & Regulators
7 Sep 2022
In this virtual meeting, the Portfolio Committee on Finance was briefed by Gardee Godrich Attorneys, National Treasury, the Prudential Authority, the Financial Sector Conduct Authority, and the Financial Intelligence Centre on the arbitrary and unilateral closure of bank accounts.
Gardee Godrich Attorneys reported that it represented clients in a matter ...