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Finance Standing Committee
Nugent Commission of Inquiry into SARS: interim findings and recommendations
13 Feb 2019
The Committee received a briefing from Judge Robert Nugent on the findings and recommendations of the commission of inquiry he headed up into the tax administration and governance at SARS.
Judge Nugent, in his report, said the failure of governance at SARS was made possible by weaknesses in the governing ...
Finance Standing Committee
FFC Remuneration referral; Customs and Excise Bill; PIC Committee Bill: adopted; Financial Matters Amendment Bill: public hearings
12 Feb 2019
The Committee held public hearings on the Financial Matters Amendment Bill. COSATU, the South African Institute of Chartered Accountants (SAICA), Deloitte and the Banking Association of South Africa (BASA) gave submissions. The Committee also received a briefing on the Customs and Excise Bill, passed the Committee PIC Bill, rejected the ...
Finance Standing Committee
Public Investment Corporation (PIC) Amendment Bills; FFC referral to Committee; Committee Report on Carbon Tax Bill
6 Feb 2019
Relevant document: Draft Report on PIC Bills; Committee Report on Carbon Tax [available under Tabled Committee Reports once adopted]
The Committee met to deliberate on the two Public Investment Corporation (PIC) Bills as well as the Financial and Fiscal Commission (FFC) referral. The Report on the Carbon Tax Bill was also ...
Finance Standing Committee
Carbon Tax Bill: finalisation & voting; Financial Matters Amendment Draft Bill: briefing
5 Feb 2019
The Committee met with the National Treasury for finalisation and adoption of the Carbon Tax Bill. The Committee also received a briefing and discussed the Financial Matters Bill.
National Treasury highlighted that the Carbon Tax Bill was formally tabled in November 2018. It reflects some of the input received during ...
Finance Standing Committee
Carbon Tax Bill: deliberations
5 Dec 2018
The Committee met with National Treasury to deliberate on the Carbon Tax Bill. Eskom and EcoMetrix Africa gave inputs. The Committee would vote on the Bill during the first week of its sitting next year.
National Treasury said it had met with some stakeholders following Committee discussions the previous day. ...
Finance Standing Committee
Carbon Tax Bill: Treasury & stakeholder input
4 Dec 2018
The Standing Committee on Finance together with the Portfolio Committee on Environmental Affairs met with National Treasury and NEDLAC for discussions on the Carbon Tax Bill. COSATU and the Association of Cementitious Material Producers (ACMP) gave brief inputs.
NEDLAC said during a previous parliamentary hearing on the response document to ...
Finance Standing Committee
Carbon Tax Bill workshop
27 Nov 2018
The National Treasury and the Department of Environmental Affairs (DEA) came before the joint Committee to present the responses that had been drafted by Treasury on stakeholder inputs and comments on the Carbon Tax Bill. It had been decided that as Treasury had consulted widely on the Bill, the workshop ...
Finance Standing Committee
Committee Report on Financial Sector Transformation Report: Treasury, SARB and NEDLAC response
21 Nov 2018
The Committee met with the National Treasury to hear its responses to aspects of the Committee’s Financial Sector Transformation Report, including on digital financing. NEDLAC also gave an update on its preparations for the Second National Financial Sector Summit.
National Treasury said Treasury’s 2011 policy paper “A safer financial sector ...
Finance Standing Committee
Financial Matters Amendment Bill: briefing; Committee Report on Fiscal Framework
20 Nov 2018
Committee Report on 2018 MTBPS
The Committee held a briefing by National Treasury on the Financial Matters Amendment Bill.
National Treasury, in briefing, said the Financial Matters Bill sought to amend five Acts as follows: the Insolvency Act, the Military Pensions Act, the Government Employees Pension law, the Banks Act ...
Finance Standing Committee
VBS Mutual Bank
7 Nov 2018
VIDEO: Standing Committee on Finance - Meeting on VBS Mutual Bank
The Committee met to discuss the VBS Mutual matter. The South Reserve Bank, National Treasury, the Hawks, the National Prosecuting Authority (NPA), the Independent Regulatory Board of Auditors (IRBA), the Financial Sector Conduct Authority, the South African Institute for ...