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.
Delaying the implementation date and raising the seeding cap are among the announcements and clarifications.
National Treasury’s approach is ‘moderate’ spending cuts and a ‘sustainable’ increase in borrowing.
Retirement industry bodies plead for a later implementation date, but Cosatu says 1 March next year is a ‘red line’.
Organisations representing the retirement industry call attention to the ‘problematic’ provisions in the draft legislation for the two-pot retirement system.
Bringing foreign currency into the country is regulated by the customs and excise legislation and falls under Sars, Kganyago tells MPs.
The National Assembly’s Standing Committee on Finance has announced the deadline for submissions on various pieces of draft tax legislation.
Ministry of Transport instructed to appoint a new board after Members of Parliament witness ‘a national disaster’ at the fund’s offices.
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.
This comes after opposition MPs walked out of the Portfolio Committee on Health in protest.
Parliamentary legal services and the State Law Adviser have different views on whether the NHI Bill will pass constitutional muster.
Opposition parties criticise rushed process and impact on NGOs.
Therefore, current 8.5% of GDP spent on healthcare resources will be enough to fund NHI, Parliament told.
Trust practitioners are not happy that Treasury ‘ignored’ their proposals to undo the ‘devasting effects’ of the legislation.
Minister of Finance asked to explain the absence of an assessment of the socio-economic impact of the General Laws Amendment Bill.
It says the amendment bill imports a foreign concept that is in conflict with South African trust and property law.
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