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Finance Standing Committee
Land Bank 2016/17 Annual Report
7 Mar 2018
2016/17 Annual Reports
The Standing Committee on Finance and the Select Committee on Finance were briefed by the Land Bank on its 2016/17 annual report.
The Land Bank, in placing its financial results in context, highlighted that the agricultural sector was still recovering from the two years of drought, and ...
Finance Standing Committee
Steinhoff International challenges
31 Jan 2018
The Standing Committee on Finance, Standing Committee on Public Accounts and Portfolio Committee on Public Service and Administration held a joint briefing on the Steinhoff crisis together with National Treasury, the South African Reserve Bank (SARB), the Johannesburg Stock Exchange (JSE), the Financial Services Board (FSB), the ...
Public Enterprises
Eskom Inquiry: Lucky Montana
30 Jan 2018
The Eskom Inquiry heard a submission from Mr Lucky Montana, former CEO of State-Owned Enterprise (SOE), Prasa. Mr Montana stated that he had been called to give evidence at the inquiry following the media briefing that Deputy Minister of Public Enterprises and former Minister of Transport, Ben Martins, convened in ...
Finance Standing Committee
Development Bank of Southern Africa (DBSA) Annual Report
30 Jan 2018
The Development Bank of Southern Africa presented its annual report to the Committee, during which it explained its mandate -- infrastructure development both in the Southern African Development Community (SADC) region and the rest of Sub-Saharan Africa -- and outlined the projects that it was supporting.
The sectors that had ...
Finance Standing Committee
SAA Quarterly Report
29 Nov 2017
The South African Airways (SAA) presented its: quarterly report; progress in implementation of the 5-Year Corporate Plan; specific financial issues relating to government guarantees and repayment obligations; as well as conditions for recapitalisation. National Treasury also highlighted progress in coming up with the new state-owned enterprises (SOE) engagement framework.
The ...
Public Enterprises
Eskom Inquiry: Lynne Brown
22 Nov 2017
Ms Lynne Brown, Minister of Public Enterprises, attended the parliamentary inquiry and delivered a statement under oath about the capture of state-owned enterprises (SOEs). She said that her appearance before the parliamentary inquiry went against the advice of her legal advisers who had advised her to decline the invitation to ...
Public Enterprises
Eskom Inquiry: Zola Tsotsi
22 Nov 2017
Mr Zola Andile Tsotsi, former Eskom Board Chairperson, appeared as a witness. He read a sworn statement to the Committee. He noted that he had had problems in accessing certain information which would have better prepared him for the inquiry
Mr Tsotsi was questioned about:
• A meeting he attended ...
Public Enterprises
Eskom Inquiry: Venete Klein, Viroshini Naidoo, Brian Molefe
21 Nov 2017
The Committee invited Ms Venete Klein former Eskom board member to account about corporate governance at Eskom during her tenure as a board member and the chairperson of the people and governance board committee. Ms Klein joined Eskom at the time load shedding was at stage 3 costing the country ...
Finance Standing Committee
Insurance Bill; Venda Pension Matter: finalisation
21 Nov 2017
The Committee met for the finalisation of the Insurance Bill and the Venda Pension matter. As mandated by the Committee, National Treasury had made further changes to the transformation clauses of the Insurance Bill. There was nothing new in terms of policy; amendments were meant to ensure consistency in the ...
Finance Standing Committee
Public Investment Corporation + Government Employees Pension Fund Follow Up Meeting, with Deputy Minister
14 Nov 2017
The Committee met with the Public Investment Corporation (PIC) and the Government Employees’ Pension Fund (GEPF) for a follow up meeting based on previously adopted Committee resolutions. In the main, the Committee wanted to be provided with the rationale of the proposed PIC forensic investigations, and to know if there ...