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NCOP Appropriations
Committee Reports: Adjustments Appropriation Bill 2019 & Proposed division of revenue and conditional grant allocations to Provinces and Local Government in 2019 MTBPS
5 Dec 2019
Draft report on proposed division of revenue and conditional grant allocations
Draft Report on Adjustments Appropriation Bill
The report was adopted with amendments, with the DA reserving a right to check on legality.During consideration of the draft report on the Adjustments Appropriation Bill, the DA questioned the notion that the Select ...
NCOP Finance
Tax Bills (TLAB &TALAB) & Rates Bill: finalization
3 Dec 2019
The Committee deferred its adoption of its reports on the 2019 Tax Administration Laws Amendment Bill, Taxation Laws Amendment Bill and Rates and Monetary Amounts and Amendment of Revenue Laws Bill after Members observed the reports required further work. The adoption was deferred to either later the afternoon or tomorrow ...
NCOP Finance
Tax Bills (TLAB &TALAB): public hearings and Treasury’s response
27 Nov 2019
The Select committee received an oral presentation from the 12J Association on the proposal in the 2019 Tax Bill to place caps on the tax deductions provided under section 12J of the Income Tax Act to investors in Venture Capital Companies (VCCs).
The association called for the cap of R2.5 ...
NCOP Appropriations
Division of Revenue Amendment Bill [B15-2019]: Final Mandates & Committee Report
26 Nov 2019
The Select Committee met to consider the final mandates from provincial legislatures on the Division of Revenue Amendment Bill (DoRAB). Eight of the nine provinces reported that they had authorised their delegates to the National Council of Provinces (NCOP) to vote in favour of the Bill. The Western Cape Legislature ...
Standing Committee on Appropriations
2019 Division of Revenue Amendment Bill: National Treasury briefing
14 Nov 2019
The National Treasury briefed the Standing and Select Committees on Appropriations on the 2019 Division of Revenue Amendment Bill (DoRAB). They were told it proposed relatively small in-year adjustments in the allocation of funds to national, provincial and local government.
The Committees were briefed on the way in which the ...
Finance Standing Committee
Committee Report on 2019 Revised Fiscal Framework and Revenue Proposals (MTBPS)
12 Nov 2019
The Standing Committee on Finance of the National Assembly and the Select Committee on Finance of the National Council of Provinces held a joint meeting to consider a Report to be tabled in Parliament on the 2019 Revised Fiscal Framework. After Members had agreed on changes to the Report, the ...
Finance Standing Committee
2019 Revised Fiscal Framework and Revenue Proposals: public hearings
6 Nov 2019
The Finance Committees of the National Assembly and the National Council of Provinces held a joint public hearing to receive submissions on the Medium Term Budget Policy Statement (MTBPS).
The Congress of South African Trade Unions (COSATU) told the committees that it found the MTBPS “shockingly weak and inadequate". Government ...
Finance Standing Committee
2019 MTBPS: PBO & FFC briefing
5 Nov 2019
Members of the Finance and Appropriations Committees heard opposing views on what should be done to restore the country’s finances when they were briefed on the Medium Term Budget Policy Statement (MTBPS) by the Financial and Fiscal Commission (FFC) and the Parliamentary Budget Office (PBO).
In its presentation, the FFC ...
Finance Standing Committee
Medium Term Budget Policy statement: Minister & National Treasury remarks
31 Oct 2019
The Finance and the Appropriations Committees of the National Assembly and National Council of Provinces, as well as provincial committee members, met with the Minister of Finance and National Treasury for a preliminary discussion on the Medium Term Budget Policy Statement which the Minister had delivered to Parliament the previous ...
Finance Standing Committee
2019 Pre-MTBPS: Parliamentary Budget Office briefing
29 Oct 2019
Video: Mboweni fields questions on mini-budget
Key Budget Documents MTBPS 2019
2019 MTBPS
Parliament’s Standing and Select Committees on Finance and Appropriations held a joint session during which they were briefed by the Parliamentary Budget Office (PBO) on the Medium Term Budget Policy Statement (MTBPS) to be delivered by the ...