JASA Annual Report_2020_FlipBook

TTIHPEPSINCGALES ANNUAL REPORT 2019

JAWANESNLOCUUOATMLHREAETPFOORTIRCHTAE Tipping The Scales

CTAOBNLTEEONFTS Introduction 01 Chairman’s Report 03 Managing Director’s Report 04 Programmes Report 06 Marketing and Communications Report 25 Financial Report 27 Independent Auditors Report 29 Partners 37 Annual Report 2019

TSBGPICRERPAYEEPOPLAINEATNSGNRDIETN4SH0GSE: FOR JA South Africa has come a long way since its inception in 1979. In celebrating our 40th Anniversary, themed “Tipping the Scales”, we reflected on how the organisation remained resilient at a difficult time in our country’s history and continues to do so. As we tip the scales beyond 40 we continue our journey with great excitement. Reaching 40 years of changing lives, empowering the youth and grooming the country’s entrepreneurial spirit. As the scale tips, JA South Africa is proud to continue on our journey and tipping into greatness! 1 Tipping The Scales

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RCHEPAOIRRMTAN’S It is my privilege and honor to have impacted and countless re-joined this amazing movement opportunities created. Looking at a time when the youth ahead, the Board will be working unemployment in our country is towards achieving the strategic at an all-time high and the need objectives of sustaining this for collaborative efforts to prepare vibrant and nimble reservoir of our greatest asset - the youth youth empowerment and expanding population, is even more urgent our support base so we can reach and pressing. I’m humbled to work more young people for whom with a determined collective to entrepreneurship will hopefully continue to contribute to, and become a default outlook and Mohale Ralebitso ultimately lead continent-wide passion. Chairman JA South Africa socio-economic transformation whose need has never been Finally, my profound gratitude greater. I wish to especially goes to all our Funders, Strategic acknowledge my predecessor partners, the JA Worldwide and Mrs Dolly Mokgatle who continues JA Africa network and to the to serve JA South Africa as patron, JA South Africa board who continue with outstanding foresight and to bring passion, competence humility. and character to this deliberative process. A special thanks to the As we turn the leaf towards another JA South Africa staff who work 40 years, we look back with a great tirelessly in pursuit of our growth. sense of accomplishment – from lifelong partnerships established to more than 500 000 young people 3 Tipping The Scales

DMREIARPNEOACRTGTOINRG’S The year 2019 marks 100 years Gauteng, Free State and the Nelly Mofokeng of achievement for JA Worldwide. North West Province. Managing Director JA South Africa also celebrated JA South Africa four decades this year! This was We celebrated our 40th anniversary yet another positive year built in June with over 100 entrepreneurs, on the back of good strategy JA South Africa alumni, sponsors, execution and meeting stakeholder supporters and the business expectations. In 2019, our student community. The event themed, reach increased by 26% to 13 966, Tipping the scale beyond 40: with 279 of the out of school youth preparing for greatness, was programme participants an amazing journey down memory starting or growing their businesses lane and a celebration of the and creating 59 new jobs. entrepreneurial spirit that the As an organisation we can only JA South Africa team has helped continue to make a sustainable promote over the years. impact through our collaborations. As part of the commemorative This year we increased our activities, individuals and corporate volunteers by 154%, organisations that have played a seeing 173 volunteers joining us in vital role in the sustainability and the classrooms, preparing our youth the success of the organisation, for economic success. were also honored. Our partnership with WEConnectSA This year we strengthened our was elevated this year, as eight of resolve to nurture entrepreneurial our women entrepreneurs pitched thinking at an early age and their businesses, competing with increased our interventions at nine other entrepreneurs from primary school by 22% reaching 4 Annual Report 2019

a total of 9 119 learners. grace and humility for more We partnered with the IBM and than a decade. We are pleased tapped into their Corporate Service to be continuing our relationship Corp’s international skills set to with her as Patron of the design School Enterprise Club organisation and we will Framework and Monitoring and continue tapping into her Evaluation (M&E) tool. The M&E wisdom and insights. tool ensures adequate support for the Enterprise Programme graduates, We are really excited to welcome not to liquidate their mini companies our new Non-Executive Chairman, at the end of the programme, but to Mr Mohale Ralebitso, who is continue with their businesses and no stranger to JA South Africa - to hand them over to the next cohort having served exceptionally as of learners in the following year Board member for ten years from to ensure continued enterprise 2004 -2014. education in the schools. As we tip the scales beyond 40, We have also partnered with we look forward to strengthening Project Management Institute (PMI) our strategic partnership network on JA South Africa staff capacity and continuing to create building around project management meaningful pathways for youth as well as mapping the incorporation entrepreneurship, employment of the project management training readiness and financial success. on the Enterprise and out of school Youth Enterprise Development TUBAHUSCAIPOLTRDUMOINNAUTGKDREYS Programmes from 2020. This year we bid farewell to our Board Chair Mrs Dolly Mokgatle who has served the organisation with such 5 Tipping The Scales

RPREPOOGRRTAMMES Michael Cekiso Programmes It is to be noted that in keeping with the Manager JA Worldwide policy, we report on actual JA South Africa individual learner numbers as well as programme experiences, where one individual has been exposed to more than one programme experience. JA South Africa completed 17 876 learner experiences during the course of the year, compared to 15 609 in 2018. The actual number of learners reached was 13 966 compared to 11 059 in 2018. The JA South Africa programme breakdown for the period is as follows: PROGRAMME 2019 Be Entrepreneurial LEARNER EXPERIENCES Enterprise Programme NUMBERS JA More Than Money in a Day JA More Than Money Programme 617 617 JA South Africa Entrepreneurship Academy Programme 953 953 JA Success Skills 4 012 4 012 JA Success Skills & My Money Biz 5 107 5 107 JA Titan 3 320 Opportunities Out There Focusing on STEM2D 415 69 Special Programmes 69 136 Out of School Youth Enterprise Development Programme 68 80 Wealth Creation Game 80 1 874 Total 937 1 337 1 337 296 296 75 75 13 966 17 876 6 Annual Report 2019

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ETOFOHNPCETPREUORESRPITPNRURGINOSOEIGTNRDIEASYSTMNEOAMMUMET2IDCS – JA South Africa is really excited to be 20 educators who facilitated pioneering the pipeline for continuous the programme supported learner development where by JA South Africa staff. we are working with a single cohort of learners from grade 7-12 through the In 2019, we again partnered with Opportunities Out-There programmes Johnson & Johnson as part of a (OOT-STEM2D) focusing on global partnership-driven initiative entrepreneurship, technology and with JA Worldwide, which seeks work readiness in partnership with to promote skills development, Standard Bank Tutuwa Community education and careers to Women Foundation. in Science, Technology, Engineering, Mathematics, The learners are now in Grade 8 Manufacturing, and Design and in their second year of the (WiSTEM2D). The South African OOT-STEM2D programme. This chapter extended the reach to year they participated in the Social high schools this year and reached Innovation and Advanced Scratch 554 learners and 12 educators in Coding Programme across three Gauteng and the Western Cape. provinces namely, Gauteng at Madiba Comprehensive School, Mpumalanga at Acorns to Oaks Comprehensive TFTHOUOEDTMLUAPOYRIRNERGTOHWRI’VSE School, and Free State at Letsete Secondary School. The programme reached a total of 937 learners across 26 grade 8 classes. We also trained 8 Annual Report 2019

13966 TOTAL STUDENTS REACHED IN 2019 10% MORE THAN THE 11 059 REACHED IN 2018 9 Tipping The Scales

DPYOREOVUEGTHLROAEPMNMTMEEENRTPRISE The Youth Enterprise competition, our female graduates Development Programme (YEDP) from the programme had an is a programme targeting out of opportunity to pitch their businesses school youth between the ages at the WeConnect Conference South of 18 and 35 years. Africa with two of them winning second and third prizes to the value This practical programme allows of $5 000. for participants to start-up and run their own real small businesses This year, we also had five of our or enhance existing ones. This out of school students pitching their programme is implemented over businesses to the Old Mutual 20 contact sessions, followed by Foundation for corporate Enterprise six months of mentoring. Development and received micro finance successfully securing grants For the period under review, the to the value of R653 000. YEDP was implemented in four provinces, namely the Eastern TLFAEHOBAAREVTOTISNTUHEGRRAMYPFOAEUURTTKUHSRE Cape, Gauteng, KwaZulu-Natal and Western Cape. A total of 296 youth across the four provinces successfully completed the programme reaching 86.5 % of the 350 target. During the 20-week contact sessions, 40 start-up businesses were formed and went through a six-month mentoring and coaching programme. The mentoring and coaching programme is a platform for the graduates to access skills and receive guidance from volunteer experts. Amid tight 10 Annual Report 2019

PAENRCOATRGDEREPMARMYEMNEEURSHIP The Entrepreneurship Academy programme (EAP) is a seven to eight-month long intervention, with weekly three-hour sessions that equip learners with skills to establish their own businesses while at school. The EAP provides training on business and work readiness skills to learners in grades 10 -11 over six to seven months incorporating a number of JA South Africa programmes. In 2019 the programme was implemented in all nine provinces. A total number of 415 learners successfully completed the programme and 28 mini companies were formed. Learners also undergo personal financial management training, and gain market exposure by visiting local businesses, giving them in-depth understanding on operations and strategies to maintain and sustain their businesses. In 2019, the EAP programmes were sponsored by Investec, Transnet and Afripack. TUBAHUSCAIPOLTRDUMOINNAUTGKDREYS 11 Tipping The Scales

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PENROTEGRRPARMISMEE The Enterprise Programme is West, Mpumalanga and Western graduates; not to liquidate their a high school entrepreneurship programme and affords students Cape, reaching a total of 953 mini companies at the end of the in grades 10 and 11 the opportunity to participate in an learners. programme, but to continue with experiential business engagement over a period of 12 weeks. The Digital Enterprise Programme their businesses and to hand them In 2019 we ran 31 is an integration of the paper based over to the next cohort of learners Enterprise Programmes reaching 953 learners. Eight (08) of these Enterprise Programme, in the following year. This is to programmes reaching 275 learners across Gauteng were delivered on a digital platform ensure continued enterprise implemented on a digital platform. The 953 students that successfully providing interactive e-learning. education in the schools. completed the programmes were able to establish and run 35 mini The Digital Enterprise Programme companies. offers students the opportunity to In 2019, Enterprise Programmes implemented 31 interventions in incorporate valuable technological SOME OF THE six provinces, namely in Gauteng, skills with entrepreneurial learning. JA SOUTH AFRICA KwaZulu-Natal, Limpopo, North STAFF AND THE This year, we partnered with IBM IBM TEAM. and received outstanding support from four of their professionals who came from Canada, Ireland, the Philippines and Costa Rica and spent the entire month of November designing a framework and monitoring and evaluation tools that will ensure adequate support for the Enterprise Programme 13 Tipping The Scales

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BPREOEGNRTAREMPMREENEURIAL SUCCESS SKILLS The Be Entrepreneurial Programme The JA Success Skills programme is introduces grade 9 learners to the suitable for learners in grades 10 - 12. concept of putting together a business It is geared towards developing learners’ plan. It further supplements the academic interpersonal effectiveness and to better curriculum requirements in preparing prepare them for the world of work. The for the school market day. It serves as programme incorporates a job shadow a foundation for students to join the experience, where students spend the day more intensive and experiential shadowing a professional in a workplace Enterprise Programme. environment. The host company is usually the funder of the programme. Learners are For 2019, this programme was also exposed to an interview process that implemented in 18 schools across three is facilitated by Human Resource (HR) provinces, namely: the Western Cape, professionals. This programme provides Gauteng and KwaZulu-Natal. This year, companies the opportunity to give back the programme successfully reached a total to the community, by inspiring students of 617 grade 9 learners, seeing over 100% to realise the important role that their increase in comparison to 299 learners education plays in their future career reached in 2018. aspirations. During the period under review, JA South Africa reached a total of 137 TLFAEHOBAAREVTOTISNTUHEGRRAMYPFOAEUURTTKUHSRE grade 10 and 11 learners through the Success Skills Programme, which was implemented in four schools in Gauteng. 15 Tipping The Scales

MJAOMNOEYREPRTHOAGRNAMME The More Than Money (MTM) Programme is a Financial Literacy Programme targeting grades 5-7 learners and it is implemented as a one-day activity around calendar events like the Global Money Week and Savings Month in July. The MTM programme introduces students to the concepts of money, income, savings, spending, investing and entrepreneurship. The programme also introduces students to a savings challenge, where they set a savings target and are given a period to save towards a goal they had set, giving the learners an opportunity to apply the principles of savings learnt. A total of 9 119 learners participated in the programme this year – 22 % increase from the 7 084 learners reached in 2018. The JA-More-than-Money-in-a-Day was implemented on Mandela Day and was supported by, Ernst & Young, Marsh & McLennan Companies, AIG, HSBC and the Banking Association of South Africa (BASA). These programmes were implemented in eight provinces, reaching a total of 46 schools to 4 012 grade 5 - 7 learners. 16 Annual Report 2019

RICCNOAONMDBOOIPNVTSGAICT&SION Innovation Camps are JA experiential education programmes which encourage creativity, critical thinking, team work and problem solving among young learners. During this one-day, project-based, intensive learning experience, students engage in and apply entrepreneurial and collaborative 21st century learning by solving challenges within the community. This year we partnered with Motorola Solutions Foundation, SABIC and VJ Robotics and implemented four coding & robotics innovation camps which challenged 480 - SABIC:296; Motorola camp 1: 104; Motorola camp 2: 80 - grade 7 learners in Gauteng and the Western Cape to come up with solutions to survive on Mars. 17 Tipping The Scales

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PRIMARY SCHOOL PROGRAMMES MORE THAN MONEY MORE THAN MONEY (GRADE 5 - 7) 6 - 10 IN A DAY (GRADE 5 - 7) 90 2 617 2 490 54 2 025 1 987 PROGRAMMES FEMALES MALES PROGRAMMES FEMALES MALES 5 107 5 107 5 4 012 4 012 1 TOTAL TOTAL TOTAL TOTAL TOTAL TOTAL LEARNERS INTERVENTIONS ASIAN LEARNERS INTERVENTIONS ASIAN 3 751 1 350 1 5 107 3 589 421 1 4 012 TOTAL TOTAL TOTAL TOTAL TOTAL TOTAL BLACK COLOURED TOTAL TOTAL BLACK COLOURED WHITE LEARNERS WHITE LEARNERS SECONDARY SCHOOL PROGRAMMES ENTREPRENEURSHIP ACADEMY MINI ENTERPRISE (GRADE 10 & 11) (GRADE 10 & 11) 12 289 126 23 281 397 PROGRAMMES FEMALES MALES PROGRAMMES FEMALES MALES 415 3 320 18 678 678 28 TOTAL TOTAL TOTAL TOTAL TOTAL TOTAL LEARNERS INTERVENTIONS ASIAN LEARNERS INTERVENTIONS ASIAN 390 6 1 415 475 171 4 678 TOTAL TOTAL TOTAL TOTAL TOTAL TOTAL TOTAL TOTAL BLACK COLOURED WHITE LEARNERS BLACK COLOURED WHITE LEARNERS 19 Tipping The Scales

DIGITAL MINI ENTERPRISE BE ENTREPRENEURIAL (GRADE 10 & 11) (GRADE 9 & 10) 8 195 80 18 396 221 PROGRAMMES PROGRAMMES FEMALES MALES FEMALES MALES 275 275 617 617 569 TOTAL TOTAL TOTAL TOTAL TOTAL LEARNERS INTERVENTIONS LEARNERS INTERVENTIONS BLACK 275 275 48 617 TOTAL TOTAL TOTAL TOTAL BLACK LEARNERS COLOURED LEARNERS SUCCESS SKILLS SUCCESS SKILLS & MY MONEY BIZV (GRADE 9 & 10) (GRADE 9 & 10) 2 30 39 1 53 15 PROGRAMMES FEMALES MALES PROGRAMMES FEMALES MALES 69 69 69 68 136 68 TOTAL TOTAL TOTAL TOTAL TOTAL TOTAL LEARNERS INTERVENTIONS BLACK LEARNERS INTERVENTIONS BLACK 69 68 TOTAL TOTAL LEARNERS LEARNERS 20 Annual Report 2019

JA TITAN WEALTH CREATION GAME (GRADE 10 & 11) (GRADE 10 & 11) 2 54 26 1 46 29 PROGRAMMES FEMALES MALES PROGRAMMES FEMALES MALES 80 80 80 75 75 75 TOTAL TOTAL TOTAL TOTAL TOTAL TOTAL LEARNERS INTERVENTIONS BLACK LEARNERS INTERVENTIONS BLACK 80 75 TOTAL TOTAL LEARNERS LEARNERS ENTERPRISE DYNAMICS (GRADE 8) 26 501 436 PROGRAMMES FEMALES MALES 937 1 874 937 TOTAL TOTAL TOTAL LEARNERS INTERVENTIONS BLACK 937 TOTAL LEARNERS 21 Tipping The Scales

OUT OF SCHOOL PROGRAMMES OUT OF SCHOOL PROGRAMMES YOUTH ENTERPRISE DEVELOPMENT SPECIAL PROGRAMMES (18 - 35 YEARS) (VARIOUS GRADES) 10 226 70 12 694 642 PROGRAMMES FEMALES MALES PROGRAMMES FEMALES MALES 296 296 2 1 336 1 336 15 TOTAL TOTAL TOTAL TOTAL TOTAL TOTAL LEARNERS INTERVENTIONS ASIAN LEARNERS INTERVENTIONS ASIAN 240 54 296 825 496 1 336 TOTAL TOTAL TOTAL TOTAL TOTAL TOTAL BLACK COLOURED LEARNERS BLACK COLOURED LEARNERS TOTAL 259 7 407 6 559 13 966 17 876 NUMBER OF FEMALES MALES TOTAL NUMBER TOTAL NUMBER OF PROGRAMMES OF STUDENTS INTERVENTIONS 22 Annual Report 2019

CCJOAOOF MMSTOHPPUAEETTNYHIYETAIAORFNRICA to Johannesburg in July to compete in the JA South Africa COY Competition. Students who run successful businesses during the The local COY Competition winning team, Enterprise Programme, Academy Entrepreneurship Future Entrepreneurs from Iketleetso Secondary Programme and Digital Programmes participate in School in Rustenburg represented JA South Africa the Company of the Year (COY) Competition. at the JA Africa Regional Company of the Year Competition in Accra, Ghana from the 3rd – 6th December. Their company produced waste bins made from waste paper & schoolbag covers made from old umbrellas. In 2019 JA South Africa, again implemented the These young entrepreneurs also participated at the local company of the year competition - thanks to the Youth Entrepreneurship Exchange Programme Africa generous funding from Citibank. A total of 18 young boot camp and pitching competition where they made people representing all nine provinces, two from it to the top five and received a cash prize of R10 000 each province, accompanied by a chaperone came to grow their business. 23 Tipping The Scales

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MCROEAPMROMKREUTTNINICGAATINODNS ABRLIAGNNDMENT This year we focused on brand alignment and streamlining communication by; revamping the website and banners, and ensuring that all JA South Africa agents have JA South Africa email accounts. Thus, ensuring an alignment of external communications and consistency of brand position. Bringing the marketing and communication role in-house with a hands-on manager saw a more proactive approach to brand positioning. 25 Tipping The Scales

AMVEEDRIAAGVEALUE VWISEIBTSSITE Average media value is the JA South Africa has had 13 869 coverage generated from news new users on our website, equating announcements, programme to 13 869 session. We’ve had 34 updates, learner and alumni 344-page views with visitors profiling, special events and spending an average of two and a industry topics of discussion half minutes . In total we have had where JA South Africa 89% new visitors with 11% returning provides input. visitors. For the year under review, For the year ahead, we aim to Bernadette Bule JA South Africa tracked 27 pieces ensure continuity of this upward Marketing and of traditional media. This equates trend, by ensuring our voice as a Communications to accumulated average media brand speaks to forward looking Manager value of R 1 114 147.90, with individuals and corporates who JA South Africa an estimated audience reach share our values, to create of 16 421 232. platforms of opportunities. 26 Annual Report 2019

Mororiseng Nyathi Financial Director JA South Africa RFIENPAONRCTIAL HOOURWFWUNEDUSSE OUR FINANCES JA South Africa works to ensure that the funds we raise are used in the most effective way possible to Thanks to the generosity of our donors and partners, achieve our mission. We are pleased to report that JA South Africa remains strong financially, and well 76% percent of total operating expenses in 2019 positioned to give more youths a second chance were spent directly on programme costs to impact to pull themselves out of poverty and into tertiary the young people we serve. In 2019, we deployed education, entrepreneurship and/or employment R12.1 million in total operating expenses, a decrease in South Africa. of 8% percent from 2018, to implement much-needed programmes in nine provinces across South Africa. HOOURWFWUNEDRSAISE FISNUUVTSEUTSARTIENINAAGNBIDINLITTYHE JA South Africa is constantly striving to find new, To ensure we continually find new and better innovative ways to connect with those who share ways to make an impact, in 2019, we made our commitment to youth empowerment. Operating critical investments for the future, including: income decreased by 10% percent in 2019, to R12,4 million. The decrease was mainly due to the -The partnership with IBM to design a framework Transnet grant (that made up 25% of our income in and monitoring and evaluation tools that will the previous year) which came to an end in the first quarter of 2019. The grant was not renewed due to change in their funding focus. 27 Tipping The Scales

ensure adequate support for the Enterprise SSTHREOETNG BALANCE Programme graduates not to liquidate their mini companies at the end of the programme but to JA South Africa closes 2019 with R20,9 million in continue with their businesses and to hand them net assets. This financial strength gives us the basis over to the next cohort of learner in the following to invest in the country’s touth over the long term, year, to ensure continued enterprise education as we have for the last 40 years, so that every young in the schools. person in South Africa secures a second chance to pull themselves out of poverty and into tertiary JA South Africa also partnered with Project education, entrepreneurship and or employment. Management Institute (PMI), to integrate project management skills into our programmes and maximise their readiness to enter the world of work and efficiently manage their businesses. EXPENDITURE 24% 76% Programmes & Competitions Administration (includes marketing, audit, depreciation) 28 Annual Report 2019

AINUDDEIPTOENRDS ERNETPORT INDEPENDENT AUDITOR’S REPORT ON THE SUMMARY FINANCIAL STATEMENTS TO THE MEMBERS OF JUNIOR ACHIEVEMENT SOUTH AFRICA (NPC) Opinion The summary financial statements, which comprise the summary statement of financial position as at 31 December 2019, the summary statement of comprehensive income, changes in equity and cash flows for the year then ended, and related notes, are derived from the audited financial statements of Junior Achievement South Africa (NPC) for the year ended 31 December 2019. We expressed a qualified audit opinion on those financial statements in our report dated 26 March 2020. In our opinion, the accompanying summary financial statements are consistent, in all material respects, with the audited financial statements, in accordance with the International Financial Reporting Standards and the requirements of the Companies Act of South Africa as applicable to summary financial statements. However, the summary financial statements are misstated to the equivalent extent as the audited financial statements of Junior Achievement South Africa (NPC) for the year ended 31 December 2019. Summary Financial Statements The summary financial statements do not contain all the disclosures required by the International Financial Reporting Standards and the requirements of the Companies Act of South Africa as applicable to financial statements. Reading the summary financial statements and the auditor’s report thereon, therefore, is not a substitute for reading the audited financial statements and the auditor’s report thereon. The Audited Financial Statements and Our Report Thereon We expressed a qualified audit opinion on the audited financial statements in our report dated 26 March 2020. In common with similar organisations, it is not feasible for the organisation to institute accounting controls over income received from sponsorships prior to their initial entry in the accounting records. Accordingly, it was impractical for us to extend our examination beyond the receipts actually recorded. Our auditor’s report on the audited financial statements also includes: An “Other matter” paragraph: Without further qualifying our opinion, we draw attention to the fact that the detailed statement of comprehensive income set out on page 25 and the detailed statement of sponsorship income set out on page 26, does not form part of the annual financial statements and are presented as additional information. We have not audited these schedules and accordingly we do not express an opinion thereon. Directors’ Responsibility for the Summary Financial Statements The directors are responsible for the preparation of the summary financial statements in accordance with International Financial Reporting Standards and the requirements of the Companies Act of South Africa and for such internal control as the directors determine is necessary to enable the preparation of the summary financial statements that are free from material misstatement, whether due to fraud or error. 1 29 Tipping The Scales

INDEPENDENT AUDITOR’S REPORT ON THE SUMMARY FINANCIAL STATEMENTS TO THE MEMBERS OF JUNIOR ACHIEVEMENT SOUTH AFRICA (NPC) (continued) Auditor’s Responsibility Our responsibility is to express an opinion on whether the summary financial statements are consistent, in all material respects, with the financial statements based on our procedures, which were conducted in accordance with International Standard on Auditing (ISA) 810 (Revised), Engagements to Report on Summary Financial Statements. Deloitte & Touche Registered Auditors Per: Faatema Coovadia Partner 26 March 2020 2 30 Annual Report 2019

FINANCIAL POSITION JA SOUTH AFRICA (Non-Profit Company) ABRIDGED STATEMENT OF FINANCIAL POSITION At 31 December 2019 2019 2018 R R ASSETS Non-current assets Equipment 52,865 39,444 Current assets Deposits and prepayments - - 25,212,136 26,348,334 Cash and cash equivalents 25,212,136 26,348,334 25,265,001 26,387,778 Total current assets Total assets RESERVES AND LIABILITIES Reserves Accumulated funds 20,967,950 20,616,989 20,967,950 20,616,989 Total reserves Current liabilities Trade and other payables 2,231,755 2,386,336 239,609 249,691 Accruals 1,825,687 3,134,762 Income received in advance Total current liabilities 4,297,051 5,770,789 Total reserves and liabilities 25,265,001 26,387,778 31 Tipping The Scales

COMPREHENSIVE INCOME JA SOUTH AFRICA (Non-Profit Company) ABRIDGED STATEMENT OF COMPREHENSIVE INCOME for the year ended 31 December 2019 2019 2018 R R Revenue 10,381,966 12,031,034 Interest income 1,768,342 1,831,801 Sundry Income 300,635 - 12,450,943 13,862,835 Operating costs (12,099,983) (13,202,835) Surplus funds for the year 350,960 660,000 Other comprehensive income - - Total comprehensive income for the year 350,960 660,000 32 Annual Report 2019

CASH FLOWS JA SOUTH AFRICA (Non-Profit Company) ABRIDGED STATEMENT OF CASH FLOWS for the year ended 31 December 2019 2019 2018 R R on-current assets Cash flows from operating activities Cash (utilised in)/generated in operations (2,864,715) 781,356 1,768,342 1,831,801 Interest received Net cash (utilised in)/generated from operating activities (1,096,373) 1,050,444.9 Cash flows from investing activities Additions to equipment to maintain operations (39,825) (40,590) Net cash utilised in investing activities (39,825) (40,590) Net increase/(decrease) in cash and cash equivalents for the year (-1,136,198) 1,009,855 Cash and cash equivalents on hand at beginning of the year 26,348,334 25,338,479 Cash and cash equivalents on hand at end of the year 25,212,136 26,348,334 33 Tipping The Scales

CHANGES IN EQUITY JA SOUTH AFRICA (Non-Profit Company) ABRIDGED STATEMENT OF CHANGES IN EQUITY for the year ended 31 December 2019 Accumulated funds at 31 December 2017 19,956,989 660,000 Total comprehensive income for the year 20,616,989 350,960 Accumulated funds at 31 December 2018 20,967,950 Total comprehensive income for the year Accumulated funds at 31 December 2019 34 Annual Report 2019

CROECNETIRVIEBDUTIONS ZAR 1-3 MILLION ZAR 500 - 900K ZAR 100 - 500K ZAR 100 - 20K BELOW ZAR 20K BEZLAORW ADRAIN VAN SCHALKWYK LILLIAN KITIKI MOHALE RALEBITSO SETLOGANE MANCHIDI DARRYL MAYERS LINSEY SHERMAN NELLY MOFOKENG STEPHANIE CRONJE 10K GILLIAN MUNN MAESON MAHERRY RESHMA GANDA SUMANTHA GOVENDER JEROME NAIDOO MAHALI MANTUTLE ROSS DU PREEZ WINSON TANYA LITTLE JULIA TAYLOR MALODI CHAKANE RUDDY CIAMALA TREVOR KEKANA KGOTSO SEREMANE MARCIO LOURENCO SANDRA JOHNSTON LEE-ANNE GOW MINAH NTAOPANE SERIKA MAHABEER 35 Tipping The Scales

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PARTNERS 37 Tipping The Scales

TYHOAUNK Annual Report 2019

TIPPING THE SCALES Annual Report 2019