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Finance Standing Committee
National Treasury and FIC on Amendments to Schedule 1, 2 & 3 of the Financial Intelligence Centre Act
15 Jun 2022
Financial Intelligence Centre Act, 2001
The Standing Committee on Finance and Select Committee on Finance convened jointly on a virtual platform to be briefed by National Treasury and the Financial Intelligence Centre on amendments to schedule one, two and three of the Financial Intelligence Centre Act, 2001 (Act 38 ...
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 ...
Committee on Section 194 Enquiry
Update on litigation matters and hearing preparations
10 Jun 2022
Report of the Independent Panel on the Public Protector
The Committee convened a virtual meeting for a briefing by Parliament’s Constitutional and Legal Services Office (CLSO) on litigation matters relating to the work of the Committee and on the working arrangements in preparation for the ...
Health
National Health Insurance (NHI) Bill: clause 5 to 6 deliberations, with Deputy Minister
8 Jun 2022
NHI: Tracking the Bill through Parliament
In this hybrid meeting, the Committee continued with clause-by-clause deliberations on the Bill, with a specific focus on clauses 5 and 6. Members of the Committee expressed their party’s position on the various sub-clauses.
The African National Congress generally supported the two clauses ...
Finance Standing Committee
GEPF & GPAA 2020/21 Annual Reports
8 Jun 2022
Government Employees Pension Fund (GEPF)
The Finance Standing Committee met with the Government Employees Pension Fund (GEPF), the Government Pension Administration Agency (GPAA), National Treasury (NT) and stakeholders in a virtual meeting to deliberate on the 2020/21 Annual Reports of the two entities.
The GEPF reported it had achieved significant ...
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 ...
Finance Standing Committee
Committee Report on Oversight visit to SASRIA, Land Bank & Financial and Fiscal Commission
31 May 2022
The Standing Committee on Finance met virtually to consider and adopt the Committee’s report on oversight visits to the South African Special Risk Insurance Association (SASRIA), the Land Bank, and the Financial and Fiscal Commission (FFC). The report was presented by the Committee’s Content Advisor and ...
Finance Standing Committee
National Treasury Q4 Performance 2020/21; BEPS Multilateral Convention; Kuwait Taxation Agreement
25 May 2022
The Standing Committee on Finance met on a virtual meeting platform with National Treasury to receive a briefing on its fourth quarter performance for 2020/21.
National Treasury said it had managed to achieve 87% of quarter four indicators.
National Treasury admitted that it was not coping with municipalities as ...
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. ...