Limpopo Gambling Board Annual Report

Minister of Finance in this regard.

Audit Report Matters in the Previous Year and How They Would Be Addressed

The Auditor-General of South Africa (AGSA) has performed the necessary audit procedures on the financial and performance information to provide an audit opinion for the 2020/21 financial year.

The Entity obtained an unqualified audit opinion with no findings, which is included in the Auditor’s Report on pages 110 to 116 of the Report.

Outlook/Plans for the Future to Address Financial Challenges

The Entity will be applying for a revenue retention with the Provincial treasury to be able to supplement the current year budget. The allocation that has been granted to the Entity will not be sufficient to cater for all the costs that are anticipated to be incurred for the 2022/23 financial year. To date, the Entity has an expected surplus of R 19 million that will be surrendered to the Provincial Treasury and the Revenue Fund. A portion of the R 19 million will be requested to be retained to be utilised for the service delivery expenses within the Entity.

Events after the Reporting Date

During the 2021/22 financial year, the Entity was taken to the CCMA by the representative trade union over a salary increment dispute that related to the 2020/21 financial year. The matter was not concluded by the end of the financial year. The matter was only set to be concluded in April 2022 pending the ruling by the CCMA.

Economic Viability

The effects of the global political economy as well as the current pandemic and the fact that the country is well underway to economic recovery to get back to pre COVID-19 economic performance (or even better), presents a mixed bag of conditions for businesses to operate in. As a result, some industries and sectors are performing better whilst others are not. The same currently applies to the gambling industry wherein some sectors are recovering faster and better than others. Overall, the outlook of the gambling industry is promising, provided that the COVID-19 situation improves for the better and the economic conditions improve. The current economic situation including the impact of the pandemic has seen allocations from the Provincial Treasury decreasing which has, in turn, seen the spending decreasing in the economy. The Entity has since not been able to contribute to the economy as it would in other years. In these difficult times the Entity was, however, able to absorb 6 of its interns into permanent positions. This meant that the Entity was able to put food on the table for six additional families in the Province.

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