ANNUAL REPORT 2010 - Business and Arts South Africa

02
SIKKIE
KAJEE
Chairman's
Statement
On behalf of the Board of Directors, it is my
pleasure to submit the Annual Report of
Business and Arts South Africa, to members
and the Minister of Arts & Culture, the
Honourable Ms Lulama Xingwana
The 2009/10 fiscal year was characterised by the
after effects of the global economic crisis of 2008.
At home, we saw this translate into a reduction in arts
sponsorships and the freezing of business marketing
budgets. In addition, the hype around the Football World
Cup, has also ensured that very little new sponsorship of
the arts has materialised. Nevertheless we are pleased to
report that Business and Arts South Africa has managed
to leverage a total spend of R16,329,587.42 in the arts with
our Supporting Grants budget, alone.
At Business and Arts South Africa, the Board made a
decision to ensure that we had sufficient reserves to last
at least six months in the event of the withdrawal of any
major funders. This decision has allowed the organisation
to focus on its core mandate, and not to be distracted by
the recessionary environment, and allowed it to continue
to create and leverage partnerships between Business
and the Arts. We are continuing with the repositioning
Business and Arts South Africa, to ensure that we diversify
our funding sources and ensure long term sustainability.
With regards to corporate governance, we believe that
we will be able to apply most of the key principles of the
King III report on Corporate Governance. To this end, we
will perform an assessment of our practices and report on
this in future. Our annual report, has always taken the form
of an integrated report and we will continue to strive to
improve on this as envisaged by King III.
Finally, I would like to thank all my colleagues on the Board
for their support in my role as Chairman. A special thank
you to Lindie Engelbrecht and Sureshnee Moodliar, who
have decided to step down after many years of service.
Also, to Michelle Constant, our CEO, and her team, a big
thank you for the great work. It continues to amaze me
that we achieve so much “bang for our buck” with such a
small team.
I respectfully hereby present to the Honourable Minister of
Arts and Culture, our Annual Report for the year ended 31
March 2010.
Sikkie Kajee
Chairman
28 July 2010
Andrew Dosunmu, Images from African
Cup of Nations, Launda, Angola (Stadium
at Luanda, Angola), 2010. Digital Print.
200 x 150 cm. Private Collection
Andrew Dosunmu, Images from African
Cup of Nations, Launda, Angola, 2010.
Digital Print. 200 x 150 cm.
Private Collection