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COMPANY SECRETARIAT
The founding document for the organisation is the constitution, as amended from time to time.
PricewaterhouseCoopers (PwC) is appointed as external auditor. The book year of Grain SA is from
1 October to 30 September annually.
The audit committee has an independent chairperson (a person not serving on the Executive of
Grain SA). The audit committee evaluates potential risks to the organisation and also reviews the
annual audit findings and financial reports, for recommendation to the Management Committee
of the Executive (MCE) and the Executive.
The Grain SA Executive is elected by their respective regions and serves for a term of two years.
NAMPO (PTY) LTD
Nature:
Nampo (Pty) Ltd is registered as a private company and therefore cannot trade shares
on the JSE.
Objective:
The objective of the company in terms of the memorandum of incorporation (MOI) is to
manage commercial projects, inclusive of Nampo, Nampo Cape and Nampo Alfa, as well as the
magazine and functions at Nampo Park.
Tax status:
The company is fully taxable on all income. Nampo (Pty) Ltd was established to manage
commercial projects in the Grain SA group of entities to ensure that the tax exemption conditions
applicable to Grain SA in terms of section 30B of the Income Tax Act are being adhered to.
Founding document:
The founding document is the MOI.
Currently, Grain SA is the sole shareholder.
Grain SA (the Executive) is the nominating body for the board of directors.
The objective of the company can only be amended with approval of the Grain SA Congress.
Financial and administrative services
will be managed with a service level agreement (SLA)
between Grain SA and the company.
The
external auditors
appointed are PwC. The financial year runs
from 1 October to 30 September.
The Grain SA audit committee has oversight over the finan-
cial statements of Nampo (Pty) Ltd to prevent any duplica-
tion of committees in the Grain SA group of entities.
The board of directors consists of:
Derek Mathews
Richard Krige
Pieter Taljaard
PHAHAMA GRAIN PHAKAMA NPC
Nature:
Phahama Grain Phakama is a non-profit company.
Objective:
The objective in terms of the MOI of the company is
the development and training of developing producers. At least 51% of
beneficiaries must be black producers.
Tax status:
The tax status confirmed by SARS per letter 22 March 2022 approved tax exemption for
the company as a public benefit organisation, but with limited provisions for donors to qualify for sec-
tion 18A benefits. Currently, only the Beyond Abundance project qualifies for section 18A benefits,
given that this project complies with requirements for poverty alleviation.
The
founding document
for the company is the MOI, which determines that there are no shareholders
or members. It further determines that Grain SA is the nominating body for directors of the company.
PwC was appointed as
external auditor
. The financial year runs from 1 October to 30 September.
The
Grain SA audit committee
has oversight over the financial statements of the company to ensure
that there is no duplication of committees in the Grain SA group of entities.
AND
AND
FINANCIAL REPORTS
REVIEWS THE
POTENTIAL RISKS
evaluates
audit findings
THE
AUDIT COMMITTEE