• All Share : 52698.58
    UP 1.79%
    Top40 - (Tradeable) : 46095.38
    UP 1.90%
    Financial 15 : 14950.63
    UP 1.48%
    Industrial 25 : 69519.67
    UP 1.18%
    Resource 10 : 32606.05
    UP 4.27%

  • ZAR/USD : 13.8983
    DOWN -0.11%
    ZAR/GBP : 17.9811
    DOWN -0.09%
    ZAR/EUR : 15.5877
    DOWN -0.02%
    ZAR/JPY : 0.1371
    ZAR/AUD : 10.627
    UP 0.11%

  • Gold US$/oz : 1323.6
    UP 0.28%
    Platinum US$/oz : 1026
    UP 0.20%
    Silver US$/oz : 19.1
    UP 0.05%
    Palladium US$/oz : 714
    UP 0.14%
    Brent Crude : 49
    DOWN -0.12%

  • All data is delayed by 15 min. Data supplied by Profile Data
    Hover cursor over this ticker to pause.

Fri Sep 30 05:15:35 SAST 2016

COSATU 'disingenuous' about Tax Bill amendment‚ DA charges

TMG Digital | 21 February, 2016 12:22

Image by: Supplied

The Democratic Alliance has accused trade union federation COSATU of being “disingenuous” about the Tax laws Amendment Bill.

“We believe that COSATU‚ in its public statements‚ has been blatantly dishonest when it stated that Parliament did not hold consultations before the new Taxation Act was signed into law by President Zuma.

“The facts are that the Standing Committee on Finance had to curtail its work on the Tax Laws Amendment Bill for two weeks during November 2015 whilst ANC members of the committee engaged in consultations with COSATU‚” DA deputy finance spokesman Alf Lees asserted on Sunday.

“It is understood from reliable sources that these consultations were led by none other than ANC MP‚ Des van Rooyen‚ then a member of the Standing Committee on Finance and before his unfortunate elevation to the Finance Minister position‚” Lees added.

He noted that COSATU spokesperson Sizwe Pamla had been reported in news reports on January 28 as saying that no public hearings had been held.

“The facts are that on the 9th of November 2015 COSATU made a detailed presentation at public hearings in Parliament that were called by the Standing Committee on Finance‚” Lees said.

He added that the ANC had capitulated to COSATU by agreeing to delay the implementation of the annuitisation of provident fund benefits at retirement. The ANC now wanted to rush amendments to the tax laws through Parliament in order to appease COSATU before losing votes at the elections this year.

“Pressure has been brought to bear on the Standing Committee on Finance to fast-track a new tax laws amendment bill. The DA objects to being rushed into attending to legislation that is designed to maximise votes for the ANC and is not in the best interests of our South African people‚” Lees asserted.


If you have an opinion you would like to share on this article, please send us an e-mail to the Times LIVE iLIVE team. In the mean time, click here to view the Times LIVE iLIVE section.