Tag Archives | SCOF

No ‘secret meeting’ on possible ‘secret bailout’ of SAA

The Standing Committee on Finance (SCOF), has unilaterally been scheduled as a closed meeting for a secret briefing by SAA on their latest quarterly report on Wednesday 16 May 2018. This is deeply concerning, not only because members of the public will apparently be barred from attending, but because a R 5,0 billion secret bailout…

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Parliament must ‘hold the line’ on Steinhoff

The appearance of Steinhoff executives before the Standing Committee on Finance (SCOF) on Wednesday, 28 March 2018, is an opportunity for Parliament to seek clarity on the proposed financial rewards for Steinhoff board members Heather Sonn, Johan van Zyl and Steve Booysen. It is simply reckless that the same individuals who were running the company…

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Minister Gigaba must address Makwakwa’s continued presence at SARS

Today, SARS confirmed to Parliament’s Standing Committee on Finance (SCOF) that Mr Jonas Makwakwa had his suspension lifted as from the 1st of November 2017. SARS also admitted that the suspension was lifted despite the fact that Makwakwa was, and still is, being investigated by SARS for possible tax evasion and/or violations of the Tax…

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Makwakwa’s alleged return to SARS must be explained

The DA has been reliably informed that Mr Jonas Makwakwa, who has been on special leave pending the outcome of an investigation into how large amounts of money ended up in his bank account, will return to work any day now. The DA has therefore written to the Chairperson of the Standing Committee on Finance …

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DA to probe performance of SAA CFO

At a recent meeting of the Standing Committee on Finance (SCOF), I managed to persuade National Treasury to announce that Ms Phumeza Nhantsi had been appointed as the Chief Financial Officer (CFO) of South African Airways (SAA), after having served as the interim CFO since November 2015. Her appointment as CFO has been made despite…

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