Kieswetter: I will not tolerate any political interference at Sars South African Revenue Service (Sars) commissioner Edward Kieswetter told Parliament’s Standing Committee on Finance that since taking over the reins at the revenue service, he has not experienced any political interference, and neither would he tolerate any. FILE: South African Revenue Service (Sars) Commissioner Edward Kieswetter. Picture: @sarstax/Twitter.
3 hours ago
CAPE TOWN - South African Revenue Service (Sars) commissioner Edward Kieswetter on Wednesday said that the revenue service would act without fear or favour against any individual or entity that did not meet their tax obligations.
He told Parliament’s Standing Committee on Finance that since taking over the reins at the revenue service, he had not experienced any political interference, and neither would he tolerate any.
Treasury moving ahead with establishing a state bank but there is skepticism
4 May 2021 5:19 PM
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Eyewitness News parliamentary correspondent News Babalo Ndenze says plans are afoot to ensure structural reforms are implemented.
Treasury has warned South Africans to expect another tough economic year as it continued to service massive debt.
The finance department shared a bleak outlook in a briefing on its annual performance plan to Parliamentâs Standing Committee on Finance.
Eyewitness News parliamentary correspondent Babalo Ndenze says Deputy Finance Minister David Masondo made it clear that COVID-19 was the centre of the current economic battles South Africa is currently facing.
Pension changes for South Africa under the spotlight
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Parliament’s Standing Committee on Finance has invited interested parties to submit written submissions on the Pensions Funds Amendment Bill.
Introduced by the opposition Democratic Alliance, the bill aims to amend the Pension Funds Act to allow pension fund members to access a portion of their fund before retirement as a guarantee for a loan.
The DA has described the draft bill as crucial in the fight for ‘people power over state power’ in South Africa.
“Individuals should be free to choose, in unison with the trustees of their pension funds, how their own financial assets are utilised when it comes to providing collateral for responsible loans,” it said in an explanatory statement.
Treasury warns South Africans to expect another tough economic year The finance department has shared the bleak outlook in a briefing on its annual performance plan to Parliament’s Standing Committee on Finance. FILE: Deputy Finance Minister David Masondo. Picture: @TreasurySA/Twitter.
5 hours ago
JOHANNESBURG - Treasury said that South Africans could expect another tough economic year as it continued to service massive debt.
The finance department has shared the bleak outlook in a briefing on its annual performance plan to Parliament’s Standing Committee on Finance.
Deputy Finance Minister David Masondo said that they had to shift expenditure from other important budget items, such as infrastructure, to debt service costs.
EFF s Shivambu accuses Treasury of misleading MPs on establishment of state bank Treasury officials, though, said that the formation of the bank had been delayed by the many discussions with affected departments. FILE: EFF deputy leader Floyd Shivambu. Picture: Sethembiso Zulu/Eyewitness News
25 days ago
CAPE TOWN - Treasury has been accused of lying and misleading Parliament about plans to establish a new state-owned bank.
The finance department on Tuesday briefed Parliament’s Standing Committee on Finance about its annual performance plan.
Officials said that the formation of the bank had been delayed by the many discussions with affected departments.