National Treasury proposes more changes to the two-pot retirement system
Delaying the implementation date and raising the seeding cap are among the announcements and clarifications.
#National Assembly
No major cuts to government expenditure in MTBPS, says Godongwana
National Treasury’s approach is ‘moderate’ spending cuts and a ‘sustainable’ increase in borrowing.
Two pots: MPs agree with Cosatu that R25 000 cap on seeding is too low
Retirement industry bodies plead for a later implementation date, but Cosatu says 1 March next year is a ‘red line’.
‘T-Day’ provident fund members ‘should have to opt in to two pots’
Organisations representing the retirement industry call attention to the ‘problematic’ provisions in the draft legislation for the two-pot retirement system.
Opposition MPs criticise Sarb for ‘narrow’ Phala Phala investigation
Bringing foreign currency into the country is regulated by the customs and excise legislation and falls under Sars, Kganyago tells MPs.
Public hearings on two-pot retirement system in September
The National Assembly’s Standing Committee on Finance has announced the deadline for submissions on various pieces of draft tax legislation.
‘Road Accident Fund is in ICU with one foot in the grave,’ says Scopa chairperson
Ministry of Transport instructed to appoint a new board after Members of Parliament witness ‘a national disaster’ at the fund’s offices.
Vagaries surrounding NHI benefits may provide grounds for a constitutional challenge
The lack of clarity over the benefits package means one cannot determine whether the state is fulfilling its obligation to provide access to health care.
MPs get more time to obtain legal opinions on NHI Bill
This comes after opposition MPs walked out of the Portfolio Committee on Health in protest.
NHI: MPs hear conflicting legal opinions on limiting the role of medical schemes
Parliamentary legal services and the State Law Adviser have different views on whether the NHI Bill will pass constitutional muster.
Omnibus anti-money laundering bill almost there
Opposition parties criticise rushed process and impact on NGOs.
Healthcare providers will no longer ‘call the shots’ under NHI, says minister
Therefore, current 8.5% of GDP spent on healthcare resources will be enough to fund NHI, Parliament told.
MPs accept refinements to omnibus anti-money laundering amendment bill
Trust practitioners are not happy that Treasury ‘ignored’ their proposals to undo the ‘devasting effects’ of the legislation.
MPs decline to process omnibus anti-grey-listing bill
Minister of Finance asked to explain the absence of an assessment of the socio-economic impact of the General Laws Amendment Bill.
Fisa makes urgent submission to Parliament on ‘beneficial ownership’ relating to trusts
It says the amendment bill imports a foreign concept that is in conflict with South African trust and property law.
Finance committee chairperson takes aim at Intellidex report ‘canvassing’ for SA to be grey-listed
The chairperson of the National Assembly’s Standing Committee on Finance (Scof) this week sharply criticised “a section” of the business community for publishing a report suggesting there is an 85% probability that South […]
Amendments could result in companies moving their primary listing, says JSE
The proposed “beneficial owner” disclosure and reporting requirements for listed companies could result in companies moving their primary listing from South Africa to other jurisdictions, the JSE has told the National Assembly’s Standing […]
