Finance Standing Committee
National Assembly Committee
About this committee
Oversight responsibility of Finance Standing Committee
The Finance Standing Committee is responsible for oversight of National Treasury as well as the following statutory entities:
Co-operative Banks Development Agency
Financial Intelligence Centre (FIC)
Financial and Fiscal Commission
Financial Sector Conduct Authority
Government Pensions Administration Agency (GPAA)
Government Technical Advisory Centre
Independent Regulatory Board for Auditors (IRBA)
Public Investment Corporation (PIC)
SA Special Risks Insurance Association (SASRIA)
South African Reserve Bank (SARB)
Committees conduct their business on behalf of the House and report back on matters referred to them.
Learn more about the work of this Committee: Legacy Reports
The role and functions of Committees in Parliament (provided by Parliament)
In accordance with the powers given to it by the Constitution, the National Assembly establishes a range of committees with assigned powers and functions. The committees are required to report regularly on their activities and to make recommendations to the House for debate and decision. A large part of the Assembly’s role in the law‑making process happens in committees and much of its oversight over the executive is also done through committees, particularly the portfolio committees.
There is a portfolio committee for each corresponding government department. The composition of the committees reflects, as far as is practicable, the numerical strengths of the parties represented in the Assembly. That committee will deliberate on bills covering that department’s area of jurisdiction and scrutinise and report on its annual budget and strategic plan. As the people’s representatives, members of the committees determine whether government departments are delivering on what they promised and whether they are spending the public money they receive in a responsible manner. As part of their oversight work, committees may also do site visits where they find out directly from the people at ground level whether the government is delivering on its promises.
If a committee reports on a matter and makes certain recommendations, that report will be debated in a full sitting or plenary to give other members of the House an opportunity to engage with the content of the report. Once the report has been debated, the House decides whether to adopt the committee’s recommendations. The House may also decide only to note the report or it may refer the report back to the committee with an instruction to do further work
Broadly speaking, the mandates of Committees are to consider and process legislation referred to it; exercise oversight over the Department and entities reporting to it; consider international agreements referred to it; consider the budget vote of the Department and its entities; facilitate public participation in its processes; and to consider all other matters referred to it in terms of legislation and the Rules of Parliament
Working in Committees allows Parliament to:
-Increase the amount of work that can be done
-Ensure that issues can be debated in more detail than in plenary sessions
-Increase the level of participation of Members of Parliament (MPs) in discussions
-Enable MPs to develop expertise and in-depth knowledge of the specific Committee's area of work
-Provide a platform for the public to present views directly to MPs, something which is not possible in a plenary sitting of Parliament
-Provide an environment for Parliament to hear evidence and collect information related to the work of a specific Committee
Powers
Rule 167 of the National Assembly Rules (9th Edition) say that for the purposes of performing its functions committee may, subject to the Constitution, legislation, the other provisions of these rules and resolutions of the Assembly –
-Summon any person to appear before it to give evidence on oath or affirmation, or to produce documents
-Receive petitions, representations or submissions from interested persons or institutions
-Permit oral evidence on petitions, representations, submissions and any other matter before the committee
-Conduct public hearings
-Consult any Assembly or Council committee or subcommittee, or any joint committee or subcommittee
-Determine its own working arrangements
-Meet at a venue determined by it, which may be a venue beyond the seat of Parliament
-Meet on any and at any time, including –
- On a day which is not a working day
- On a day on which the Assembly is not sitting
- At a time when the Assembly is not sitting, or
- During a recess
-Exercise any other powers assigned to it by the Constitution, legislation, the other provisions of these rules or resolutions of the Assembly
Committee Membership
Committee membership is distributed among the parties roughly in proportion to the seats they get in Parliament, so if a party wins 20% of the seats, its MPs will occupy about 20% of committee positions.
The NA Rules Committee agreed that all Committees will be comprised of 11 Members: ANC – 6; DA – 2; EFF – 1; other parties – 2.
Where it is practicably possible, each party is entitled to at least one representative in a Committee.
Read More: A note to the Sixth Parliament: Committee Membership
Read More: A Note to the Sixth Parliament: The critical role of Committee Chairperson
Committees in Practice
With the agreement of members, the Committee staff sets the dates and times of committee meetings. The frequency of committee meetings is determined by a committee’s work programme but it is normal for a committee to meet weekly. From time to time, committees can meet more than once a week if they work programme so demands.
Section 59(1)(b) of the Constitution requires that the National Assembly and it’s committees conduct their business in an open manner and hold their sittings in public. Section 59(2) states that the National Assembly may not exclude the public or the media unless it is ‘reasonable and justifiable to do so in an open and democratic society’. Rule 184(2) of the Rules of the National Assembly further require that any decision to exclude the public from a committee meeting or part thereof must be taken ‘after due consideration’ by that committee
Who attends Committee Meetings?:
MPs (those assigned to the committee and if they so wish, any other MP)
Committee Staff: Committee Secretary, Committee Assistant, Researcher, Content Advisor
Departments, entities, organizations, individuals and experts who are invited by the Committee to speak and be questioned
Parliamentary Legal Advisor (from time to time)
Media
General Public
THE DIFFERENT COMMITTEES OF PARLIAMENT
Portfolio Committees
The National Assembly (NA) appoints from among its members a number of Portfolio Committees to shadow the work of the various national government departments.
Select Committees
The National Council of Provinces (NCOP) appoints from its permanent members a number of Select Committees to shadow the work of the various national government departments and to deal with Bills.
Because only 54 of the 90 NCOP Members are permanent delegates compared to the 400 of the NA, the Select Committees oversee the work of more than one national government department.
Public Accounts Committees
The National Assembly Standing Committee on Public Accounts acts as Parliament's watchdog over the way taxpayers' money is spent by the Executive. Every year the Auditor-General tables reports on the accounts and financial management of the various government departments and State institutions.
Heads of government departments and institutions are regularly called by this committee to report and account for expenditure. The Committee can recommend that the National Assembly takes corrective actions if necessary.
Internal Committees
The National Assembly has a number of internal committees that deal with matters affecting the running of Parliament. The Committees normally consist of senior Members of Parliament. The Rules Committee and its sub-committees deal with House rules. There are structures to deal with support for Members, internal arrangements, disciplinary matters and powers and privileges of members. Other internal Committees are the Programme Committee that plans the work of the Assembly, the Disciplinary Committee, and the Committee of Chairpersons.
The National Council of Provinces also has its own domestic Committees. The Rules Committee and its subcommittees deal with the NCOP rules. There are structures to deal with support for Members, internal arrangements, disciplinary matters and powers and privileges of members. The Programme Committee plans the work of the NCOP and the Committee of Chairpersons make recommendations about the functioning of Committees and other NCOP forums.
Ad hoc Committees
Parliament or one of its Houses may appoint an ad hoc (temporary) Committee when a special task must be done. When the task is complete, the Committee is dissolved.
Joint Committees
The National Assembly and the National Council of Provinces together appoint a number of joint committees.
There are six Joint Committees:
- Constitutional Review Committee
- Joint Standing Committee on Intelligence
- Joint Standing Committee on Defence
- Committee on Multi-Party Women’s Caucus
- Joint Standing Committee on Financial Management of Parliament
- Joint Standing Committee on Ethics and Members’ Interests
The committees play a very important role in the process of building democracy and involving the public in the processes and activities of Parliament.
No results.
NW1349 by Mr N F Shivambu - What (a) is the full list of financial... | |
NW1455 by Mr G R Krumbock - (1)What (a) total number of (i) entities and... | |
NW1309 by Dr L A Schreiber - Whether, in terms of paragraph 2.6 of the... | |
NW1213 by Mr I M Groenewald - (1) With regard to unfunded budgets at... | |
NW1118 by D Joseph - (1)With reference to the view of a certain... | |
NW989 by Dr L A Schreiber - What are the relevant details of all... | |
NW988 by Dr L A Schreiber - What are the details of the (a) purpose, (b)... | |
NW987 by Dr L A Schreiber - What is the total Rand value of all (a) loans,... | |
NW1162 by Mr C Brink - (1)Whether a financial recovery plan is... | |
NW1172 by Mr N F Shivambu - What (a) total amount has the Government... | |
NW1161 by Mr C Brink - Whether the National Treasury currently... | |
NW521 by Ms N K Sharif - What is the (a) make, (b) model, (c) year of... | |
NW338 by Mr C Brink - Whether the National Treasury, on its own or... | |
NW340 by Dr D T George - Whether a backlog exists in the payment of (a)... | |
NW303 by Mr P Mey - (1)With reference to the reply of the Minister... | |
NW84 by Mrs M O Clarke - (1)What (a) steps has he put in place to deal... | |
NW12 by Ms R N Komane - (1)(a) How long has each (i) Deputy... | |
NW41 by Dr D T George - With regard to the spouses pension benefit... | |
NW42 by Dr D T George - With regard to the $750 million loan amount... | |
NW43 by Dr D T George - Whether, with regard to pension reform, (a)... | |
NW56 by Mr A N Sarupen - Whether, with regard to the proposed National... | |
NW57 by Mr A N Sarupen - Whether the National Treasury keeps a record... | |
NW58 by Mr A N Sarupen - (1)Whether any value-added Tax (VAT) refunds... | |
NW76 by Mr R A Lees - What are the details of all value-added tax... | |
NW78 by Mr R A Lees - What are the details of the age analysis of... | |
NW94 by Mr T B Mabhena - In light of the fact that the National... | |
NW156 by Mr L J Basson - Whether he and/or the National Treasury ever... | |
NW184 by Ms S P Kopane - (a) What number of supplier invoices currently... | |
NW2390 by Mr E M Buthelezi - (1)With regard to the role played by the... | |
NW2140 by Mr A N Sarupen - Whether, with reference to budgeting for civil... | |
NW2112 by Mr H C C Krüger - Whether he will furnish Mr H C C Krüger with a... | |
NW2062 by Mr E M Buthelezi - What are the details of financial assistance... | |
NW2042 by Mr G G Hill-Lewis - Whether, following the announcement by the... | |
NW2005 by Mr H C C Krüger - (1)With reference to the 2020-21 Annual Report... | |
NW1904 by Mr G G Hill-Lewis - With reference to the provision of R15 billion... | |
NW1902 by Mr G G Hill-Lewis - Whether each provincial government received... | |
NW2151 by Mr E M Buthelezi - In view of the fact that the SA Revenue... | |
NW2141 by Mr A N Sarupen - What (a) number of employees of (i) the... | |
NW2233 by Mr A N Sarupen - (1)Which (a) months and (b) years did a... | |
NW2088 by Ms S J Graham - With reference to his reply to question 2644... | |
NW1903 by Mr G G Hill-Lewis - What is the (a) current status of the Public... | |
NW2243 by Ms B M van Minnen - How have the rights and benefits of employees... | |
NW2238 by Ms B M van Minnen - (1)Whether, in view of Denel’s admission to... | |
NW2237 by Ms B M van Minnen - (1)In view of Denel’s admission to the... | |
NW1344 by Mr H C C Krüger - (1)With regard to the letter from the Banking... | |
NW1246 by Mr E M Buthelezi - (1)Whether he intends to revise the corporate... | |
NW1211 by Mr EM Buthelezi - Whether, in light of the recent developments... | |
NW742 by Mr G G Hill-Lewis - (1) Whether, in light of the fact that the... | |
NW1502 by Mr E M Buthelezi - (1)Whether the public debt decreased since... | |
NW1132 by Dr D T George - With respect to the first strategic risk... |
Attendance
Ranked 61 out of 125 for NAMembership
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Abraham, Ms PNANC
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Buthelezi, Mr EMIFP
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Kwankwa, Mr NLUDM
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Lees, Mr RADA
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Mabiletsa, Ms MDANC
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Maotwe, Ms OMCEFF
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Mohlala, Ms MREFF
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Morolong, Mr IKANC
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Ndlozi, Dr MQEFF
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Nkomo, Ms ZANC
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Peters, Ms EDANC
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Shivambu, Mr FEFF
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Skosana, Mr GJANC
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Swart, Mr SNACDP
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Wessels, Mr WFF+
Contact
Secretary of Committee:
Allan Wicomb
Tel: 021 403 3759
Cell: 083 412 1475
Email: awicomb@parliament.gov.za
CS: Teboho Sepanya
Tel: 021 403 3738
Cell: 071 363 2349
Email: tsepanya@parliament.gov.za
Secretary To Chairperson:
Gadija Salie
Tel: 021 403 3083
Email: gsalie@parliament.gov.za