Brand-South Africa - Annual report 2015 - 2016
During the past financial year, aligned with its mandate to build pride and patriotism in the Nation Brand, Brand South Africa has worked on initiatives to encourage active citizenship in partnership with its stakeholders in government, business, civil society and identified influential forums to increase the participation of all people, particularly our young people, in building a strong, cohesive Nation Brand. These activities, together with engagements at provincial level on Nation Brand alignment, contribute to social cohesion and a positive Nation Brand. Brand South Africa’s activities took place under the leadership of its new CEO, Amb. Kingsley Makhubela, PhD, who joined the organisation during the year.
During the past financial year, aligned with its mandate to build pride and patriotism in the Nation Brand, Brand South Africa has worked on initiatives to encourage active citizenship in partnership with its stakeholders in government, business, civil society and identified influential forums to increase the participation of all people, particularly our young people, in building a strong, cohesive Nation Brand. These activities, together with engagements at provincial level on Nation Brand alignment, contribute to social cohesion and a positive Nation Brand.
Brand South Africa’s activities took place under the leadership of its new CEO, Amb. Kingsley Makhubela, PhD, who joined the organisation during the year.
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
and south africa <strong>Annual</strong> Report <strong>2015</strong>/<strong>2016</strong><br />
19. Impairment of assets<br />
<strong>2016</strong><br />
R<br />
<strong>2015</strong><br />
R<br />
Impairments<br />
Property, plant and equipment - 33 254<br />
20. Finance costs<br />
Interest expense 204 683 39 290<br />
Finance cost includes R150 278 interest paid for late payment of suppliers.<br />
21. Debt impairment<br />
Debt impairment 676 531 316 678<br />
Bad debts written off 121 309 -<br />
797 840 316 678<br />
Impairment relates to certain other receivables where recoverability is unlikely. Bad debts written off relate to sundry debtors that are<br />
uncollectible.<br />
122
Change language