Printing SA Annual Report 2024/2025

South Africa with the myriad of careers available in the world of Print and Packaging. There were six career days held in 2024, with a considerable

demand for more career days to be held in 2025 due to its significance in supporting industry sustainability.

The overall strategy of Career Days is depicted below:

Awareness • Narrow the skills gap Phase Phase Phase Goal

• Create

• Assess Industry Needs • Develop Industry Partnerships • Partner with Technical Colleges • Secure Funding

• Identify and Train suitable canidates • Implement Work based Practical Training • Training at Technical Colleges

4. Financial Performance Printing SA experienced a notable turnaround in its operational performance, concluding the year with a healthy surplus that exceeded budgeted expectations. In 2024, the organisation set a breakeven budget as a strategic step towards recovery from previous years’ deficit budgets. Against this target, Printing SA achieved a surplus of two hundred thousand rand (R200,000), underscoring the financial stability achieved through various restructuring initiatives. Interest earned on investments continued to perform robustly, generating returns approximately 200% above budgeted income and 127% higher than the previous year’s performance. This strong investment performance further contributed to the organisation’s financial health.

Membership income, which remains the organisation’s largest revenue stream, fell short of budget by 3%. Event activities concluded the year with a deficit, which was anticipated due to the memberfocused initiatives offered by the Association at no cost to participants. However, the deficit was greater than budgeted, prompting the implementation of targeted interventions aimed at improving financial performance in the future. Overall, operational expenses were effectively managed, ending the year 6% ahead of budgeted expenses for 2024. This prudent cost management further strengthened the organisation’s financial position.

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