The Standing and Select Committees on Appropriations and Finance together with the provincial portfolio committees on Finance on Thursday unanimously welcomed the extension of the Social Relief of Distress Grant during a joint meeting with the Minister of Finance. The Finance Minister, Mr Enoch Godongwana had appeared in the National Assembly the previous day to present the Medium-Term Budget Policy Statement .
The committee pressed the Finance Minister on the government's bailout of Eskom and the government's stance of"tough love", which had been a feature of last year's Budget speech. The MPs asked to hear details about the conditions set by the government as part of Eskom's debt relief programme. Dr Pieterse replied that nothing has changed. The conditions set out in the Eskom Debt Relief Bill remain in place and are enforceable.
Mr Sfiso Buthelezi, who chairs the Standing Committee on Appropriations, commended the Minister and pointed out that some of the interventions are temporary. The real problem lies in creating more jobs and stimulating the economy. Mr Buthelezi joined fellow committee members in welcoming the extension of the SRD grant, however, committee members asked for more information on how it will be funded for another year, given that it has cost about R44 billion already.
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