Politician Profile Page
Trade, Industry and Competition
Space Affairs Act: Proposed Amendments: SA Council for Space Affairs briefing; Budget Report deliberations
12 May 2015
The South African Council for Space Affairs (SACSA) gave a briefing on the review of the Space Affairs Act, which currently governed space affairs in South Africa. The Act was passed in 1993 and amended in 1995. There had been significant developments since then in the national space arena, including ...
Trade, Industry and Competition
Transfer Pricing Public Hearings: Submissions from Department of Trade and Industry, Alternative Information Development Centre, SA Mining Development Centre, Mr F Shivambu and Prof B Turok briefings
29 Apr 2015
The Committee continued with public hearings on transfer pricing, taking presentations from a number of institutions and individuals.
Mr F Shivambu, Prof. B Turok and representatives from the Department of Trade and Industry (DTI), the ; the South African Mining Development Association (SAMDA) gave inputs on Transfer Pricing to the ...
Trade, Industry and Competition
Transfer pricing: hearing
22 Apr 2015
The Davis Tax Committee, said about three years ago, the South African Revenue Services (SARS) did a very aggressive investigation into transfer pricing and collected R1.1 billion for just that one financial year. This indicated that there was a considerable “haemorrhaging of money”. It was not only companies that were ...
Finance Standing Committee
SARS on Sikhakane Report; Tier ll Debt; Banks Amendment Bill: consideration of further submissions
25 Mar 2015
The South African Revenue Service (SARS) briefed the Committee on the Sikhakhane report and said that the report was preliminary in nature. It sought to highlight challenges that had been in the public domain about allegations of the existence of a “rogue unit” within SARS, amongst others.
The Memorandum of ...
Trade, Industry and Competition
Engagement on Transfer Pricing
25 Mar 2015
Mr F Shivambu (EFF) presented a paper on transfer pricing and the South African Mining Development Agency presented their perspective on transfer pricing as it related to the mining industry.
Mr Shivambu said transfer pricing was usually utilised by multinational corporations as a form of tax avoidance through selling the ...
Finance Standing Committee
National Treasury & South African Revenue Service on their Strategic and Annual Performance Plans, with Minister and Deputy Minister in attendance
24 Mar 2015
The Minister of Finance and the National Treasury (NT) presented on the entity’s Strategic and Annual Performance Plan for 2015/16. They reported that to achieve policy objectives, the NT relied on fiscal policy, financial sector reform and strategic use of government procurement. The NT contributed towards achievement of government objectives ...
Trade, Industry and Competition
3rd Quarterly Reports for National Credit Regulator, National Lotteries Board & Companies and Intellectual Property Commission
24 Mar 2015
The National Credit Regulator (NCR), the National Lotteries Board (NLB) and the Companies and Intellectual Property Commission (CIPC), reported on their Third Quarter Financial and Non-Financial Performances. The Committee also dealt with the request by Mr G Hill-Lewis to have full access to the forensic investigation report on the ...
Trade, Industry and Competition
Green economy & renewable energy: solar and wind industry & DTI progress reports
11 Mar 2015
The Department of Trade and Industry (DTI) highlighted the importance of the Renewable Energy programme in the SA economy. It is generating local content of R39 billion, with 28 392 jobs created at a total project cost of R120 billion. A total of 3 916 MW has been awarded by ...
Finance Standing Committee
African Bank curatorship: update by Minister of Finance, National Treasury & Reserve Bank
10 Mar 2015
The Minister of Finance provided introductory comments on the curatorship of African Bank Ltd. The bank crisis dated back to the previous year. The crisis had an adverse contagious effect on the economy. The curator was not available for comment as he had to be protected from scrutiny. There could ...
Trade, Industry and Competition
Committee Report on Gauteng, Eastern Cape and Western Cape oversight visit
10 Mar 2015
The Portfolio Committee on Trade and Industry met briefly to discuss the report on its oversight visits to Gauteng, Eastern Cape and Western Cape. The Committee had visited the South African Bureau of Standards, the National Metrology Institute of South Africa, the National Regulator for Compulsory Specifications and the South ...