12 Richard Krige Chairperson Securing and protecting property rights as the backbone of our agricultural systems and obtaining credit for production is not negotiable. Property rights are key for every sector of the economy and citizens to ensure economic activity by providing incentives for investment, and crucial for social development and stability. Grain SA will continue to defend and protect property rights through its continued affiliation with AgriSA and strive for unity amongst all groupings, commodity organisations, agricultural unions and the value chain to protect these rights. As I look back over this reporting period, my message of encouragement to our members is simple. Remain involved at local level in organised agricultural structures, remain curious and remain united. Continue to innovate, to learn, to adapt and to engage actively with the programmes and opportunities available to you. Focus on long-term sustainability – soil health, climate readiness, cost efficiency and strategic diversification. The future of the industry belongs to those who prepare for it today. Despite the challenges we face, the opportunities for growth, innovation and renewed competitiveness are significant. Good corporate governance in place This is the first full period of reporting on our organisation post restructuring. As Board we are comfortable with the results and outcomes and will make the necessary adjustments and adapt where necessary. The objective remains clear to protect members’ contributions under Article 30B of the Income Tax Act making these contributions tax free. The process of repayment of the reserves used during Covid has also been completed and the next target the Board has set is to increase the reserves through good financial management to the level of 80% of yearly turnover. This will ensure our organisation remains stable and sustainable into the future. I am also happy to report that good corporate governance is in place and constantly being updated and upgraded with the establishment in the last year of a full risk register detailing every department and entity’s risks and this function falls under the guidance of the Audit and Risk Committee under the guidance of its independent chairperson, Stephan Barac. Grain SA values his contribution and are thankful for his involvement in the organisation. Word of thanks Finally, I would like to express my sincere appreciation to our CEO, the management team and every member of the Grain SA staff. Your dedication, professionalism and unwavering commitment to serving our members and strengthening this industry are deeply valued. The progress reported this year reflects your hard work, integrity and belief in the mission of this organisation. Thank you for the countless hours you devote to ensuring that Grain SA remains a strong, influential and future-focused organisation. Together – with determination, innovation and unity – we will continue building a grain industry that is profitable, sustainable and globally competitive. I look forward to the year ahead with confidence, purpose and optimism. MESSAGE OF THE CHAIRPERSON
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