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NCOP Finance
Public Procurement Bill: Negotiating Mandates
23 Apr 2024
Report of the meeting to follow.
NCOP Finance
Pension Funds Amendment Bill: adoption
19 Apr 2024
The Select Committee on Finance considered and adopted the Pension Funds Amendment (PFA) Bill and the accompanying Committee Report.
The objective of the Bill is to amend the Pension Funds Act (PFA), of 1956, the Post and Telecommunications Related Matters Act (PTRMA), of 1958, the Transnet Pension Fund Act (TPFA), of ...
Budget (WCPP)
Division of Revenue Bill: NT and NCOP Delegate briefing & public hearings
18 Apr 2024
The Western Cape Provincial Parliament's Budget Committee was briefed on the Division of Revenue Bill (DoRB) by the National Treasury (NT) and the province's permanent delegate to the National Council of Provinces.
Members were told that the Bill should be seen against the backdrop of a slow-growing economy facing ...
NCOP Appropriations
Division of Revenue Bill: Salga & PBO input
27 Mar 2024
The Select Committee received briefings in a virtual meeting from the South African Local Government Association (SALGA) and Parliamentary Budget Office (PBO) on the 2024 Division of Revenue Bill.
One of the main concerns raised by SALGA was that the local government sphere was underfunded, and was able to ...
NCOP Finance
Pension Funds Amendment Bill: National Treasury briefing
26 Mar 2024
The Select Committee on Finance met on a virtual platform for a briefing from National Treasury on the Pension Funds Amendment Bill.
The Pension Funds Amendment Bill was first published for public comments on 9 June 2023. The Bill introduced the “two-pot” retirement system intended to ensure the preservation ...
NCOP Finance
Revenue Laws Amendment Bill: adoption
25 Mar 2024
Report of the meeting to follow.
In this virtual meeting, the Committee convened to finalise the Revenue Laws Amendment Bill.
In this Bill, the government proposes implementing the “two-pot” retirement system to address the concerns related to lack of preservation before retirement and lack of access to retirement ...
NCOP Appropriations
Division of Revenue Bill; Second Adjustments Appropriation (2023/24 FY) Bill & GFECRA A/B: engagement with FFC
20 Mar 2024
The Select Committee on Appropriations convened in a virtual meeting to consult with the Financial and Fiscal Commission (FFC) on the Division of Revenue Bill, the Second Adjustments Appropriation Bill (2023/24 financial year), and the Gold and Foreign Exchange Contingency Reserve Account (GFECRA) Defrayal Amendment Bill.
The FFC said ...
NCOP Finance
Postponed: Response by National Treasury on the submissions to the Public Procurement Bill
14 Mar 2024
The meeting was postponed to technical difficulties
Standing Committee on Appropriations
Division of Revenue Bill & Second Adjustments Appropriation (2023/24 FY) Bill: Public Hearings
13 Mar 2024
The Standing Committee on Appropriations and the Select Committee on Appropriations convened jointly to receive briefings from various organisations, including Equal Education, the Public Service Accountability Monitor, the Rural Health Advocacy Project, the TB Accountability Monitor, the Western Cape Children’s Commissioner , Amandla.mobi, Budget Justice Coalition, Section27, and the ...
NCOP Finance
Revenue Laws Amendment Bill: National Treasury briefing
12 Mar 2024
The Select Committee on Finance convened virtually to be briefed by National Treasury on the 2023 Revenue Laws Amendment Bill (RLA Bill).
Regarding the “two-pots” system, the Committee was concerned about the default exclusion of people 55 years and older from the system. National Treasury explained that while there ...