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Standing Committee on Appropriations
SAA Board and Executive on its future strategies and recapitalisation
21 Nov 2017
The R10 billion injection given to SAA would never take the airline to the desired positive equity position.
This is what SAA told the Standing Committee on Appropriations when briefing Parliament on its long-term strategy and funding. Finding an equity partner would be crucial for returning the airline to profitability. ...
Standing Committee on Appropriations
SAA debt relief & recapitalization: public submissions
17 Nov 2017
The Committee engaged stakeholders on South African Airways’ (SAA) challenges and the way forward in dealing with same.
Mr Thabang Motsohi unpacked SAA’s operating context and made suggestions on what could be done to take the airline forward. He emphasised that clarity of purpose was the first task to undertake ...
Standing Committee on Appropriations
SAA & South African Post Office Recapitalisation: FFC & Treasury briefing
15 Nov 2017
The Committee received briefings from the Financial and Fiscal Commission (FFC) and National Treasury on the debt relief and recapitalisation of South African Airways (SAA) and South African Post Office (SAPO). This required additional appropriations of R13.5 billion to SAA and SAPO during the October 2017 Adjustment Budget.
FFC was ...
Standing Committee on Appropriations
SAA: Parliamentary Budget Office briefing; Committee Report on Division of Revenue Amendment Bill
13 Nov 2017
Document handed out: PBO Presentation [awaited]
The Parliamentary Budget Office (PBO) briefed the Committee on the key financial issues facing South African Airways (SAA) in order to provide guidance to Members when engaging with departments and entities. The briefing was based largely on SAA’s financial performance reports, including the preliminary results ...
Standing Committee on Appropriations
Division of Revenue Amendment Bill: public hearing
10 Nov 2017
Two submissions were presented on the Division of Revenue Amendment Bill at the public hearing before the Select and Standing Committees on Appropriations. The first submission came from the Rural Health Advocacy Project (RHAP), which to the surprise of Members, focused on the national and provincial funding mechanisms, rather than ...
Standing Committee on Appropriations
2017 MTBPS: Public Service Commission submission
8 Nov 2017
The Public Service Commission commented that the high turnover of departmental leadership was a risk area. The Commission advised that legislative frameworks be amended to curb the excessive independence of State Owned Enterprises. Departments had to exercise their oversight function over State Owned Enterprises. Departments tended to not fill vacancies ...
Standing Committee on Appropriations
2017 MTBPS: Human Sciences Research Council (HSRC) response
3 Nov 2017
The HSRC presented its comments on the 2017 Medium Term Budget Policy Statement. It noted the economic downturn and sluggish recovery in the South African economy; the decline in the growth forecast from 1.3% - 0.7%; the sharp contraction in fiscal revenue which undermines the fiscal framework; the sharp unemployment ...
Standing Committee on Appropriations
2017 MTBPS: South African Local Government Association (SALGA) briefing
1 Nov 2017
The South African Local Government Association (SALGA) briefed the Joint Committee on the 2017 Medium Budget Policy Statement (MTBPS). SALGA noted that economic growth generated the tax revenue that allowed the rollout of housing, water and sanitation, health services, education and many other services that government provided. Growth was, therefore, ...
Finance Standing Committee
2017 Medium Term Budget Policy Statement: Parliamentary Budget Office briefing
31 Oct 2017
The Parliamentary Budget Office (PBO) appeared before the joint committees of Finance and Appropriations (National Assembly and National Council of Provinces) to give a post Medium-Term Budget Policy Statement (MTBPS) analysis.
The PBO noted that performance of key macroeconomic variables over the past five years has not been impressive. The ...
Finance Standing Committee
Pre-MTBPS briefing by Parliamentary Budget Office
24 Oct 2017
The Standing Committees on Finance and Appropriations together with the Select Committees on Finance and Appropriations were briefed by the Parliamentary Budget Office (PBO) on the pre-Medium Term Budget Policy Statement (MTBPS). The briefing was meant to assist Members in identifying focus areas in relation to the MTBPS presentation by ...