2019-w342 - 18 April 2019

Hlengiwe Octavia Mkhaliphi to ask the Minister of Finance

(a) Who paid for the Nugent Commission of Inquiry Into Tax Administration and Governance by SA Revenue Service (the Commission) and (b) are the details of the amount that was paid in Rand, including remuneration of individuals and employees and cost of consumables; (2) (a)(i) what total amount and at what rate per day was Justice Robert Nugent paid for the work of the Commission and (ii) for what number of days in total and (b) on what date was his last day of remunerated work; (3) has the commission completed its work; if not, on what legal provision is the commission relying for continuing to be active at SARS after completion of its work and the submission of its final report if so, when was the last official day?

Reply from the Minister of Finance on 18 Apr 2019

1. (a) The Nugent Commission was funded by the fiscus, which is the same as other Commissions.

   (b) A total amount of R7 985 726 was spent on the Commission.

2. (a) Judge Nugent was paid in accordance with the President’s determination on remuneration of the Chairperson of the Commission. He received a total amount R816 459 for the period 1 June to ...

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2019-w619 - 29 March 2019

Mosiuoa Gerard Patrick Lekota to ask the Minister of Finance

What is the estimated tax revenue lost over the past 10 financial years due to the illicit cigarette industry?

Reply from the Minister of Finance on 29 Mar 2019

SARS has conducted a research study (tax gap) to estimate the loss of revenue on illicit trade of cigarette using the top-down approach for the period 2014/2015 and 2015/2016 respectively. The estimated loss of tax revenue (tax gap) was estimated at R4.1 billion and R6 billion respectively. However, SARS has not commissioned a research study to quantify the size of the ...

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2019-w244 - 29 March 2019

Ngwanamakwetle Reneiloe Mashabela to ask the Minister of Finance

What has been the impact of manipulation of the Rand on revenue collection?

Reply from the Minister of Finance on 29 Mar 2019

We have no evidence of the manipulation of the Rand, and invite the Honourable Member to provide any evidence he may have of such manipulation. The currency market is a deep and liquid market, and it is difficult to determine any material or long-lasting impact of any one transaction on the level or value of the currency. I am therefore not able to respond ...

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2019-w245 - 29 March 2019

Hlengiwe Octavia Mkhaliphi to ask the Minister of Finance

(1)Whether he has found that currency manipulation plays a role in illicit financial flows; if so, (2) whether he has found that banks who take part in currency manipulation should have their licences revoked; if not, why not?

Reply from the Minister of Finance on 29 Mar 2019

1. No I have not, since the National Treasury does not have any evidence on whether there is any form of currency manipulation and hence not able to assess the impact of any alleged manipulation on illicit financial flows. The National Treasury has also checked that the South African Reserve Bank likewise does not have such evidence, and would like to invite the Honourable ...

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2019-w582 - 29 March 2019

David John Maynier to ask the Minister of Finance

(1)Whether the National Treasury is investigating the hacking of his twitter account; if not, what is the position in this regard; if so, (2) whether the investigation covers the period since his appointment as Minister of Finance on 9 October 2018; if not, what is the position in this regard; if so, what are the relevant details?

Reply from the Minister of Finance on 29 Mar 2019

  1. No signs of hacking were found. The possibility that Minister’s twitter account may have been hacked was raised in an interview, during which the journalist asked if Minister’s twitter account had been hacked. The response was that we did not know at the time how Minister had ended up liking the tweet in question, and that we were looking into the matter ...
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2019-w341 - 29 March 2019

Ntombovuyo Veronica Mente to ask the Minister of Finance

In light of the fact that the Nugent Commission of Inquiry Into Tax Administration and Governance by the SA Revenue Service (Sars) completed its work and issued a final report on 14 December 2018, (a) on what legal basis is the Commission continuing to be active at Sars after completion it completed its work and (b) on what date was the official last day of the Commission?

Reply from the Minister of Finance on 29 Mar 2019

a) The Commission has operated at all times in terms of a Presidential Proclamation (no 17 of 2018, published in Government Gazette 41652 of 24 May 2018) which set out the terms of reference for the Commission supplemented by regulations set out in Proclamation no 18 of 2018 (published in Government Gazette 41713 on 15 June 2019), as amended. There is no end-date for ...

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2019-w409 - 29 March 2019

Anton De Waal Alberts to ask the Minister of Finance

Whether he would consider issuing appropriate regulations in terms of section 168(1) of the Municipal Finance Management Act, Act 56 of 2003, to ensure that payments by consumers for electricity from Eskom are placed in a separate ring-fenced account, in order to ensure that local authorities do not use it for other unauthorised expenditure?

Reply from the Minister of Finance on 29 Mar 2019

In terms of section 160(1) of the Constitution, a municipal council, makes decisions concerning the exercise of all the powers and the performance of all the functions of the municipality. The Municipal Finance Management Act 56 0f 2003 (MFMA) was issued to provide municipal councils with the financial management legal framework to enable decision making, which includes amongst others, the management of the ...

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2019-w666 - 29 March 2019

Deidre Carter to ask the Minister of Finance

Whether the Government entered into any agreement to assist the government of the Kingdom of eSwatini financially; if not, what is the position in this regard; if so, what are the relevant details of the financial assistance?

Reply from the Minister of Finance on 29 Mar 2019

1. The Government of South Africa has not entered into an agreement to provide the government of the Kingdom of eSwatini with financial support.

2. Moreover, should such a formal request be received, it would need to be considered within the context of the challenging macroeconomic climate as outlined in the 2019/20 Budget Review, which highlights the following challenges:

2.1 Subdued economic ...

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2019-w566 - 29 March 2019

Shackleton, Mr M S to ask the Minister of Finance

On what grounds is the National Treasury’s projection based that the country’s gross domestic product will grow by 1.5 percent in the 2019-20 financial year?

Reply from the Minister of Finance on 29 Mar 2019

Real gross domestic product (GDP) growth is expected to increase from an estimated 0.7 per cent in 2018/19 to 1.5 per cent in 2019/20. Growth is expected to be supported by stronger household spending and private sector investment.

Household spending is projected to strengthen due to gradual improvements in disposable income and credit extended to households. Employment growth is expected ...

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2019-w564 - 29 March 2019

Shackleton, Mr M S to ask the Minister of Finance

What (a) amount has been designated for the purposes of (i) creating jobs and (ii) addressing unemployment in the Government’s national budget for the 2019-20 financial year and (b) are the details of each programme and/or department or entity that will benefit from these designations?

Reply from the Minister of Finance on 29 Mar 2019

What (a) amount has been designated for the purposes of (i) creating jobs and (ii) addressing unemployment in the Government’s national budget for the 2019-20 financial year

Public employment programmes are key components of the government’s drive to alleviate poverty, inequality and unemployment in South Africa. These programmes have a large multiplier effect on vulnerable communities by combining the social, environmental and ...

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