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NCOP Finance
Public Procurement Bill: Treasury report-back on stakeholder consultation
17 Apr 2024
The Select Committee on Finance (NCOP) convened in a virtual meeting to hear National Treasury’s response to submissions from engagement with stakeholders on the Public Procurement Bill. National Treasury highlighted the key issues that needed to be shared with the Committee.
The Joint Strategic Resource (JSR) had submitted that ...
NCOP Finance
Pension Funds Amendment Bill: public hearings
16 Apr 2024
The Select Committee on Finance convened a public hearing on the Pension Fund Amendment Bill in a virtual meeting. The two-pot pension reform is to be introduced on 1 September 2024 through the recent amendments made to the Income Tax Act by the Revenue Laws Amendment Bill of 2023. ...
NCOP Appropriations
Division of Revenue Bill: Salga & PBO input
27 Mar 2024
The Select Committee received briefings in a virtual meeting from the South African Local Government Association (SALGA) and Parliamentary Budget Office (PBO) on the 2024 Division of Revenue Bill.
One of the main concerns raised by SALGA was that the local government sphere was underfunded, and was able to ...
NCOP Finance
Pension Funds Amendment Bill: National Treasury briefing
26 Mar 2024
The Select Committee on Finance met on a virtual platform for a briefing from National Treasury on the Pension Funds Amendment Bill.
The Pension Funds Amendment Bill was first published for public comments on 9 June 2023. The Bill introduced the “two-pot” retirement system intended to ensure the preservation ...
NCOP Finance
Revenue Laws Amendment Bill: adoption
25 Mar 2024
Report of the meeting to follow.
In this virtual meeting, the Committee convened to finalise the Revenue Laws Amendment Bill.
In this Bill, the government proposes implementing the “two-pot” retirement system to address the concerns related to lack of preservation before retirement and lack of access to retirement ...
Joint Standing Committee on Financial Management of Parliament
Review of the FMPPLA & accompanying regulations; organisational realignment; PBO challenges
19 Mar 2024
The Joint Standing Committee on Financial Management of Parliament, comprising Members from the National Assembly and the National Council of Provinces, held a virtual meeting to receive status reports on several key agenda items. The Committee discussed the review of the Financial Management of Parliament Act (FMPPLA), development of ...
NCOP Finance
Revenue Laws Amendment Bill: proposed amendments by ASISA & IRFA
19 Mar 2024
In a virtual meeting the Select Committee heard the Association for Savings and Investment South Africa (ASISA) submission on the Revenue Laws Amendment Bill and National Treasury response to it. The Institute of Retirement Funds Africa (IRFA) submission supported these two key changes to the 2023 Revenue Laws Amendment ...
NCOP Finance
Revenue Laws Amendment Bill & Pension Funds Amendment Bill: public hearings
15 Mar 2024
In a virtual meeting, the Select Committee on Finance received comments from the Congress of South African Trade Unions (COSATU) on the Revenue Laws Amendment Bill (RLA Bill) [B39B-2023] and the Pension Funds Amendment Bill [B3-2024].
Cosatu said they supported the RLA Bill and the Pension Funds Amendment Bill ...
NCOP Finance
Postponed: Response by National Treasury on the submissions to the Public Procurement Bill
14 Mar 2024
The meeting was postponed to technical difficulties
Standing Committee on Appropriations
Division of Revenue Bill & Second Adjustments Appropriation (2023/24 FY) Bill: Public Hearings
13 Mar 2024
The Standing Committee on Appropriations and the Select Committee on Appropriations convened jointly to receive briefings from various organisations, including Equal Education, the Public Service Accountability Monitor, the Rural Health Advocacy Project, the TB Accountability Monitor, the Western Cape Children’s Commissioner , Amandla.mobi, Budget Justice Coalition, Section27, and the ...