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NCOP Finance
Land and Agricultural Bank of South Africa 2018/19 Annual Report & 2019/20 corporate plan
10 Mar 2020
The Land Bank briefed the Committee on its 2018/2019 Annual Report and 2019/2020 corporate plan, stressing its shared role as a commercial bank and Development Finance Institution (DFI). It gave details of its funding sources, and reported that commercial funding grew by 5.3% from R40.07 billion in 2018, to R42.17 ...
NCOP Finance
Committee Report on 2020 Fiscal Framework and Revenue Proposals
10 Mar 2020
The Finance Committees of the National Assembly and the National Council of Provinces held a joint meeting to consider a draft report on the fiscal framework and revenue proposals contained in the 2020 Budget. They then held brief separate meetings to adopt the report with amendments.
The Democratic Alliance (DA) ...
Finance Standing Committee
2020 Fiscal Framework and Revenue Proposals: response to public hearings
6 Mar 2020
2020 Budget Speech
Fiscal Framework and Revenue Proposals
2020 Fiscal Framework and Revenue Proposals: public hearings
The National Treasury stated that discussions with stakeholders were centred on the fiscal consolidation versus stimulus debate, the wage bill and other baseline proposals, and tax proposals. The government had proposed a tough budget, ...
Finance Standing Committee
2020 Fiscal Framework and Revenue Proposals: public hearings
4 Mar 2020
2020 Budget Speech
Fiscal Framework and Revenue Proposals
The Standing and Select Committees on Finance held joint public hearings on the 2020 Budget. The Congress of South African Trade Unions (COSATU); the National Union of Metalworkers of SA (NUMSA); National Council Against Smoking (NCAS); Fiscal Cliff Study Group (FCSG); Organisation ...
Finance Standing Committee
2020 Budget: Treasury briefing; with Minister & Deputy Minister
27 Feb 2020
Watch Meeting: Youtube
2020 Budget Speech
2019 MTBPS Speech
Parliament’s finance and appropriations committees from both houses met jointly with the Minister of Finance and senior National Treasury officials to discuss the 2020 Budget. The Minister had tabled his budget proposals the previous day.
Members were told that very low ...
Finance Standing Committee
Pre-Budget briefing by Parliamentary Budget Office
25 Feb 2020
High debt levels, mass unemployment and poor economic growth were some of the issues raised at a pre-budget briefing given by the Parliamentary Budget Office to the Standing and Select Committees on Finance.
Committee Members were told that poor levels of investment remained a problem, and that there was a ...
Finance Standing Committee
Economic Performance and Outlook: South African Reserve Bank briefing
18 Feb 2020
The Finance Committees of the National Assembly and National Council of Provinces (NCOP) held a joint meeting to receive a briefing by the Governor of the South African Reserve Bank (SARB) and other officials on the Bank’s monetary policy.
They were told that lower inflation had created space for the ...
Finance Standing Committee
PIC & GEPF on Steinhoff; Transformation of the Financial Sector: Nedlac; Over-the Counter Derivative Transactions: NT briefing
3 Dec 2019
The Public Investment Corporation (PIC) briefed the Standing Committee on a mediation process between the Steinhoff Group and its creditors, including the PIC. It reported that Steinhoff had made a proposal involving funds from a third party known as “The White Knight”. The terms of this proposal remained strictly confidential. ...
Finance Standing Committee
Transformation in the Financial Sector: stakeholder engagement
26 Nov 2019
The Committee met with stakeholder to discuss transformation in the financial sector. This was meant to be a follow-up meeting to check on the progress that had been made since the Committee and
the Portfolio on Trade and Industry passed a report on this matter in 2017. The report had ...
Finance Standing Committee
TLAB, TALAB & Rates Bill: finalisation
20 Nov 2019
The Committee considered and approved two tax bills and the Rates bill.
National Treasury (NT) indicated that the key proposal for the Rates and Monetary Amounts and Amendments of Revenue Laws Bill in 2019 was to increase the excise duty of tobacco. Since the Bill was tabled in Parliament on ...