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NCOP Appropriations
Conditional grants expenditure in 2014: overview and analysis
17 Feb 2015
The Committee Content Adviser and the Researcher provided the Committee with an overview of Schedule 4, 5, 6 and 7 conditional grant expenditure.
- A Schedule 4 grant was an allocation to provinces to supplement the funding of programmes or functions funded from provincial budgets. Expenditure of Schedule 4 grants ...
NCOP Appropriations
Adjustment Appropriations Bill: Committee Report adoption; Division of Revenue and Conditional Grant Allocations to Provinces & Local Government; 2014 Committee activities
26 Nov 2014
The Standing Committee on Appropriations considered, and adopted, draft Committee Reports on the approval of the Adjustment Appropriation Bill, the proposed Division of Revenue and Conditional Grant Allocations to provinces, the Committee's report on its activities from June to December 2014, and the draft Committee programme for the first term ...
NCOP Finance
Taxation Laws Amendment Bill, Tax Administration Laws Amendment, Rates & Monetary Amounts and Amendment of Revenue Laws Bill: briefing
19 Nov 2014
Rates and Monetary Amounts Bill
The majority of South Africans (8.8 million) earned less than R70 000 per year and the other 6.4 million people were spread over income brackets higher than that. The estimated income for this year was R335.9 billion and a significant part of that income was paid ...
NCOP Appropriations
2014 Division of Revenue Amendment Bill [B11-2014]: final mandates
18 Nov 2014
The Committee considered final mandates from the provinces on the 2014 Division of Revenue Amendment Bill. Eight provinces - Eastern Cape, Gauteng, KwaZulu-Natal, Limpopo, Mpumalanga, Northern Cape, North West and the Western Cape - all voted in favour of the Bill. The Free State was the only province whose final ...
NCOP Appropriations
2014 Division of Revenue Bill: negotiating mandates
11 Nov 2014
The Committee considered negotiating mandates from provinces on the 2014 Division of Revenue Bill. Support for the Bill was unanimous amongst the nine provinces. There were however some provinces which had made some recommendations. For example The Northern Cape Province had noted that no additional funding to provinces had been ...
NCOP Appropriations
Division of Revenue Amendment Bill for 2015/16: public hearings
7 Nov 2014
The South African Local Government Association (SALGA) commented on the Division of Revenue Bill (DoRB), saying it is in everyone’s interest within the context of the tight fiscal space to ensure that local government is properly resourced and capacitated to meet its developmental challenges. While not all items that SALGA ...
NCOP Finance
Development Bank of Southern Africa Amendment Bill: National Treasury briefing
21 Oct 2014
The National Treasury briefed the Committee on the Development Bank of Southern Africa (DBSA) Amendment Bill (B 2 of 2014).The presentation focused on the background and post-restructuring period of DBSA, the main objects of the Amendment Bill, the process of introducing the Bill in Parliament and the clause-by-clause discussion of ...
NCOP Finance
National Treasury and South African Revenue Service on International Tax Agreements
17 Sep 2014
The Select Committee on Finance was briefed by the South African Revenue Service (SARS) on 14 International agreements for consideration and adoption by the Committee. The International Agreements were as follows: Protocol amending the Agreement between the Government of the Republic of South Africa and the Republic of Turkey; African ...
Finance Standing Committee
Processing of Medium Term Budget Policy Statement: input from National Treasury, FFC and Parliamentary Budget Office
16 Sep 2014
The Joint Meeting of the Standing and Select Committees on Finance and the Standing and Select Committees on Appropriations heard briefings from the Parliamentary Budget Office (PBO), the Financial and Fiscal Commission (FFC) and National Treasury.
The Parliamentary Budget Office (PBO) presentation covered the legislative mandate of the Medium Term ...
NCOP Finance
International Tax Agreements: overview by National Treasury and SARS
27 Aug 2014
The Select Committee on Finance were briefed on international tax agreements by South African Revenue Service and the National Treasury. The purpose was to give insight into the details of the different types of tax agreements such as Double Taxation Agreements (DTAs), Tax Information Exchange Agreements (TIEAs) and Multilateral Conventions ...