Nene, Gigaba to testify before SARS inquiry next week

Current and former Finance Ministers Nhlanhla Nene and Malusi Gigaba are expected to appear before the Nugent Commission of Inquiry into administration at the SA Revenue Service next week.

President Cyril Ramaphosa has tasked the commission, which continued with its second round of public hearings this week, with determining the cause of a breakdown in governance at the tax authority.

In a statement issued late on Friday, the commission shared the schedule for the third round of public hearings, set down for August 29 to 31.

Current Finance Minister Nene and his predecessor Gigaba are scheduled to appear on Friday, together with tax expert Judge Dennis Davis.

On Wednesday the National Treasury led by Ismail Momoniat is expected to give evidence.

The remainder of the commission's time is expected to be used for global consultancy Bain & Company, which SARS hired to draw up a remodelling plan for the operations model.

The operations model, instituted under now suspended commissioner Tom Moyane, was slammed during evidence before the commission this week.

* Sign up to Fin24's top news in your inbox: SUBSCRIBE TO FIN24 NEWSLETTER

ZAR/USD
17.04
(-0.38)
ZAR/GBP
21.81
(-0.11)
ZAR/EUR
19.90
(-0.12)
ZAR/AUD
12.03
(-0.12)
ZAR/JPY
0.16
(-1.12)
Gold
1860.65
(+0.03)
Silver
22.87
(+0.11)
Platinum
844.51
(+0.50)
Brent Crude
42.23
(-0.12)
Palladium
2207.00
(+0.59)
All Share
53587.11
(-1.22)
Top 40
49547.74
(-1.16)
Financial 15
9401.28
(-1.95)
Industrial 25
72949.70
(-1.72)
Resource 10
53453.42
(-0.10)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Do you think it was a good idea for the government to approach the IMF for a $4.3 billion loan to fight Covid-19?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes. We need the money.
11% - 1368 votes
It depends on how the funds are used.
73% - 8867 votes
No. We should have gotten the loan elsewhere.
16% - 1959 votes
Vote