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NCOP Finance
DBSA on its R3.5 billion SAA loan, mandate and activities
4 Feb 2020
The Development Bank of Southern Africa (DBSA) gave a briefing on how it was fulfilling its mandate as a government-owned development finance institution tasked with promoting economic growth and human resource development.
However, much of the discussion centered on what one Committee member described as “the elephant in the room” ...
NCOP Appropriations
Committee Reports: Adjustments Appropriation Bill 2019 & Proposed division of revenue and conditional grant allocations to Provinces and Local Government in 2019 MTBPS
5 Dec 2019
Draft report on proposed division of revenue and conditional grant allocations
Draft Report on Adjustments Appropriation Bill
The report was adopted with amendments, with the DA reserving a right to check on legality.During consideration of the draft report on the Adjustments Appropriation Bill, the DA questioned the notion that the Select ...
NCOP Finance
Tax Bills (TLAB &TALAB) & Rates Bill: finalization
3 Dec 2019
The Committee deferred its adoption of its reports on the 2019 Tax Administration Laws Amendment Bill, Taxation Laws Amendment Bill and Rates and Monetary Amounts and Amendment of Revenue Laws Bill after Members observed the reports required further work. The adoption was deferred to either later the afternoon or tomorrow ...
Standing Committee on Appropriations
Division of Revenue Amendment Bill [B15-2019]: Salga briefing & public hearings
15 Nov 2019
The Standing and Select Committees on Appropriations heard submissions from the South
African Local Government Association (SALGA) and the Organisation Undoing Tax Abuse (OUTA) on the 2019 Division of Revenue Amendment Bill (DoRAB).
SALGA told the committees that the weaker economy meant that local government’s equitable share of national revenue ...
Finance Standing Committee
2019 Revised Framework: response by National Treasury to public submissions
8 Nov 2019
The Finance Committees of the National Assembly and the National Council of Provinces met jointly to received the National Treasury’s response to the public submissions on the 2019 Medium Term Budget Policy Statement (MTBPS).
Three main areas of discussion were identified: economic growth and revenue forecasts, fiscal sustainability, and general ...
Finance Standing Committee
2019 Revised Fiscal Framework and Revenue Proposals: public hearings
6 Nov 2019
The Finance Committees of the National Assembly and the National Council of Provinces held a joint public hearing to receive submissions on the Medium Term Budget Policy Statement (MTBPS).
The Congress of South African Trade Unions (COSATU) told the committees that it found the MTBPS “shockingly weak and inadequate". Government ...
Finance Standing Committee
2019 MTBPS: PBO & FFC briefing
5 Nov 2019
Members of the Finance and Appropriations Committees heard opposing views on what should be done to restore the country’s finances when they were briefed on the Medium Term Budget Policy Statement (MTBPS) by the Financial and Fiscal Commission (FFC) and the Parliamentary Budget Office (PBO).
In its presentation, the FFC ...
Finance Standing Committee
Medium Term Budget Policy statement: Minister & National Treasury remarks
31 Oct 2019
The Finance and the Appropriations Committees of the National Assembly and National Council of Provinces, as well as provincial committee members, met with the Minister of Finance and National Treasury for a preliminary discussion on the Medium Term Budget Policy Statement which the Minister had delivered to Parliament the previous ...
NCOP Appropriations
Special Appropriation Bill [B10-2019]: Committee Report
23 Oct 2019
The Eskom Appropriation Bill was adopted by the National Assembly (NA) on 22 October, and the Opposition party argued that the National Council of Provinces (NCOP) was being coerced into adopting the Bill so soon after the NA -- on the following day. It was submitted that the Bill process ...
NCOP Finance
State of Local Government Finances and Financial Management: National Treasury briefing
15 Oct 2019
National Treasury briefed the Select Committee on the state of local government and financial management as at 30 June 2018, and said there had been a decrease in clean audits. They bemoaned the lack of consequences for transgressions and irregularities. The environment had become more difficult for auditors and other ...