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NCOP Finance
Financial Matters Amendment Bill: adoption; Money Bills Amendment Procedure Bill: meeting with Gauteng Legislature; Legacy Report
27 Mar 2019
The Select Committee on Finance considered and unanimously adopted the draft report on the Financial Matters Amendment Bill [B 1B-2019] presented by the South African National Treasury delegation. The Democratic Alliance reiterated that they approved of all the amendments to the bill, except the amendments pertaining specifically to the Banks ...
NCOP Appropriations
Division of Revenue Bill: final mandates; Public Audit Excess Fee Bill: adoption; Committee Report on Eastern Cape ECD Grant; Legacy Report
27 Mar 2019
The Committee considered the final mandates and draft reports on the Division of Revenue Bill [B5-2019]; the Public Audit Excess Fee Bill [B7-2019]; the follow-up meeting with the Eastern Cape on progress with the Early Child Development (ECD) grant implementation. It also approved the draft Annual and Legacy Reports, and ...
Constitutional Review Committee
Committee Legacy Report & Public Submission Reports
20 Mar 2019
The Committee met to adopt the following: all outstanding minutes from 2017 to the present; reports on public submissions for 2016, 2017/18 and the committee’s legacy report. All the minutes were adopted with minor amendments while the public submission and legacy reports respectively were adopted with no amendments.
Members extolled ...
NCOP Appropriations
Division of Revenue Bill: negotiating mandates
20 Mar 2019
Eight of the nine provinces presented negotiating mandates in support of the Division of Revenue Bill. The Western Cape legislature opposed the Bill on the grounds of the high debt service costs in comparison with the allocations for service delivery as well as the allocations made to Eskom and SAA. ...
NCOP Finance
Carbon Tax Bill; Customs & Excise Amendment Bill; PIC Amendment Bill: adoption; Financial Matters Amendment Bill: briefing
19 Mar 2019
The Committee approved the Carbon Tax Bill and its accompanying Customs and Excise Amendment Bill. The imposition of a Carbon Tax would happen from 1 June this year. The Committee Report on the Bill stated that it intended to encourage a “just transition” to a lower carbon economy by setting ...
NCOP Finance
Carbon Tax Bill; Customs and Excise Amendment Bill & PIC Amendment Bill: public hearings
12 Mar 2019
A range of stakeholders told the Committee that they opposed the implementation of the Carbon Tax Bill. While they agreed on the need to deal with climate change, they questioned whether the Bill was an appropriate measure.
Representatives of the domestic airlines industry asked for it to be exempted from ...
Standing Committee on Appropriations
Division of Revenue Bill & Public Audit Excess Fee Bill: briefing
7 Mar 2019
Both the Standing and Select Committees on Appropriations were briefed by the National Treasury on the how the nationally collected tax revenue will be shared between the three spheres of government.
Main Budget expenditure will grow by 8% over the medium term. National departments will receive R684.7 billion this year; ...
Constitutional Review Committee
2016 public submissions: finalisation; 2017 & 2018 public submissions: consideration
7 Mar 2019
The Committee reviewed and put on record their decisions for all 67 submissions received from the public in 2016, six for 2017 and five for 2018.
Most of the recommendations and legal opinions received were adopted, except in some cases where the Democratic Alliance and the African Christian Democratic Party ...
NCOP Finance
Carbon Tax Bill; Customs & Excise Amendment Bill; PIC Amendment Bill: briefing
6 Mar 2019
The Carbon Tax would be implemented from 1 June 1 2019 by Treasury. It was part of was part of South Africa’s commitment to global efforts to reduce greenhouse gas emissions. The tax would start at a low rate of R120 per ton. However, a range of offsets and incentives ...
Finance Standing Committee
Committee Report on 2019/20 Budget
5 Mar 2019
The Standing and Select Committees on Finance met for consideration and adoption of the Report on the Fiscal Framework and Revenue Proposals. The Committees considered the report jointly and adopted it separately.
On observations and recommendations, the Committees believe that the government has managed the economy reasonably well. In ...