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Finance Standing Committee
Pension Funds Amendment Bill: Consideration of Motion of Desirability
1 Dec 2021
The Portfolio Committee on Finance met to consider a motion of desirability on the Pension Funds Amendment Bill [B30 – 2020]. This was a Private Member’s Bill which was introduced in Parliament in November 2020 by Dr Dion George MP. The Committee had held public hearings on 19 May ...
Finance Standing Committee
National Treasury & SARS Budget Review and Recommendation Report
30 Nov 2021
2021 Budget Review & Recommendations Reports – BRRR
In this virtual meeting, the Committee considered the 2021 Budgetary Review and Recommendations Report (BRRR) for National Treasury and the South African Revenue Services.
The meeting focused on the observations and recommendations in the Report. The report was adopted but a few ...
Finance Standing Committee
Tax Bills & Rates Bill: finalisation
24 Nov 2021
The Standing Committee on Finance considered and adopted the Rates and Monetary Amounts and Amendment of Revenue Laws Bill, Taxation Laws Amendment Bill and Tax Administration Laws Amendment Bill and the accompanying reports.
National Treasury requested an additional amendment be made to the Taxation Laws Amendment Bill. The Minister ...
Finance Standing Committee
2021 Revised Fiscal Framework: Committee Report
23 Nov 2021
The Standing Committee on Finance and Select Committee on Finance considered the Committee Report on the 2021 Revised Fiscal Framework.
Members of the Democratic Alliance (DA) agreed that there was a problem with power generation. Power outages continually interrupted the economy and therefore interrupted economic growth. ...
Finance Standing Committee
2021 Revised Fiscal Framework & MTBPS: National Treasury response to public submissions
19 Nov 2021
2021 Medium Term Budget Policy Statement (MTBPS)
National Treasury appeared at the joint meeting of the Standing Committee on Finance and Select Committee on Finance to respond to submissions and comments from public hearings, made by stakeholders and organisations, on the revised fiscal framework.
Stakeholders also providing further responses ...
Finance Standing Committee
Treasury 2020/21 Annual Report; with Deputy Minister
17 Nov 2021
In this virtual meeting, the National Treasury briefed the joint finance committees on its 2020/21 annual report.
Treasury reported that it had received an unqualified audit opinion, with emphasis of matter paragraphs. Weak areas identified in the audit were expenditure management and financial reporting, where there ...
Finance Standing Committee
2021 Revised Fiscal Framework & MTBPS: public hearings
17 Nov 2021
Video
2021 Medium Term Budget Policy Statement (MTBPS)
The Standing and Select Committees on Finance held public hearings on the Revised Fiscal Framework. Amandla.mobi, the SMME Industry Council (SMMEIC), Healthy Living Alliance (HEALA), South African Breweries (SAB), then Organisation Undoing Tax Abuse (OUTA), South African Institute of Chartered Accountants (SAICA) ...
Finance Standing Committee
2021 MTBPS: PBO & FFC briefing
16 Nov 2021
Video
2021 Medium Term Budget Policy Statement (MTBPS)
The Financial and Fiscal Commission (FFC) briefed the Joint Committees on Finance and Appropriations from both Houses on the 2021 Medium Term Budget Policy Statement (MTBPS).
The FFC welcomed the 2021 MTBPS tabled by the Minister of Finance, especially given the context ...
Finance Standing Committee
2021 MTBPS: National Treasury briefing, with Deputy Minister
16 Nov 2021
Video
2021 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 National Treasury about the 2021 medium-term budget policy statement, which the Minister had tabled the previous week. ...
Finance Standing Committee
Remuneration of FFC members
8 Sep 2021
The Standing Committee on Finance was briefed on the draft notice determining the rate at which salaries, allowances and benefits were payable to members of the Financial and Fiscal Commission (FFC). There was a recommendation made to the President by the Commission for the Remuneration of Public Office Bearers. ...