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An Interwoven Tapestry

The Journey of the PPECB

2024/2025 Year in Review

Chief Financial Officer’s

Report

It is my privilege to present the financial overview of the Perishable Products Export Control Board (PPECB) for the financial year ended 31 March 2025. This year has been a period of substantial challenges and strategic digital transformation. Despite incurring a financial deficit, I am pleased to report that we maintained the highest standards of financial integrity, as evidenced by the clean audit opinion issued by our external auditors.

The agricultural sector continues to face volatility due to fluctuating commodity prices, unpredictable weather patterns, and rising input costs. These factors impacted the final financial result, however, our commitment to sound financial management and operational efficiency has enabled us to navigate these headwinds while laying a strong foundation for sustainable growth.
The financial performance statement reflects strategic investments in technology and infrastructure, aimed at enhancing efficiencies and long-term resilience. We believe these initiatives will position the PPECB to capitalise on emerging opportunities and deliver value to our stakeholders in the years ahead.

The clean audit report underscores our dedication to transparency, accountability, and compliance with all regulatory requirements. We remain committed to upholding these principles as we continue to improve our financial performance and operational effectiveness.

In response to the lower revenue generated, we implemented strict cost containment measures to manage expenditure prudently. By carefully prioritising essential spending and optimising efficiencies, we were able to limit expenses and mitigate the impact of reduced revenues on our overall financial position. This disciplined approach to expenditure is critical in preserving cash flow and maintaining financial stability during challenging periods. Moving forward, we will continue to balance cost control with strategic investments to sustainable growth.

Despite the deficit incurred, we are encouraged by the improvement in our cash position, reflecting stronger liquidity management. This positive outcome was driven by a concerted effort to reduce outstanding receivables and payables, enhancing our working capital efficiency. By tightening credit controls and accelerating collections, we successfully lowered receivables, which improved cash inflows. Simultaneously, prudent management of payables ensured timely payments without compromising supplier relationships, contributing to a healthier cash conversion cycle.

These measures have strengthened our financial flexibility, enabling us to better support ongoing operations and strategic investments. We remain focused on maintaining disciplined working capital management as a key pillar of our financial strategy moving forward.

Looking forward, we will focus on optimising our cost structure, creating further efficiencies and leveraging innovation to drive success.

I would like to thank the PPECB Board for their unwavering support and trust. To each employee who acts with integrity and with compliance to policy and legislation, thank you. To the dedicated finance team, together, we will continue to work towards a sustainable and prosperous future for the PPECB and the stakeholders we serve.

Financial Performance
2025
R ‘000
2024
R ‘000
Index
%
B2025
R ‘000
Income633, 694627,917101%703,766
Total Expenditure 652,960629,515104%739,677
Employee compensation and benefits459,088440,687104%481,861
Operation expenses193,872188,828103%257,815
Deficit-19,266-1,598-35,910
Financial Position
2025
R ‘000
2024
R ‘000
Index
%
Current Assets196,171230,30985%
Non-current assets48,00650,18896%
Current Liabilities64,54476,73284%
Reserves179,632203,76488%
LUCIEN JANSEN
Acting Chief Financial Officer
PPECB