Have Your Say: The General Finance Laws Amendment Bill (B21-2026)
The Standing Committee on Finance invites stakeholders and interested parties to submit written submissions on the General Finance Laws Amendment Bill (B21-2026)
The General Finance Laws Amendment Bill (B21-2026) aims to amend:
- the Financial Sector Regulation Act, 2017 (Act No. 9 of 2017), so as to insert a Chapter to provide for the designation of replacement benchmarks; to provide for the effect of replacement benchmarks on legacy contracts; to provide for the limitation of liability arising from the selection or utilisation of a replacement benchmark or a designated adjustment spread; to provide for a consultation process for designations or determinations made by the Reserve Bank in relation to benchmark replacement; and
- the Public Procurement Act, 2024 (Act No. 28 of 2024), so as to amend the timeframe within which the Minister must review the implementation of the Act, make a report public and submit such report to Parliament, and to provide for matters connected therewith.
Public hearings will be held on Tuesday, 13 October 2026.
Submissions must be received by no later than 12:00 on Monday, 12 October 2026.
Those who want to make presentations at the public hearings should specifically request this. The hearings will be conducted through Zoom.
Submissions must be directed to the Committee Secretaries, Mr Allen Wicomb and Ms Lwazikazi Ntinzi at awicomb@parliament.gov.za / lntinzi@parliament.gov.za
Issued by Hon. Dr. MJ Maswanganyi, MP, Chairperson: Standing Committee on Finance (National Assembly)
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