SACAA Annual Report 2022_23

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Annual Financial Statements for the year ended 31 March 2023

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Accounting Authority’s Report

10. Auditors In terms of the Public Audit Act, 2004 (Act No. 24 of 2004), as amended by the Public Audit Act, No. 5 of 2018, section 4 (3) provides that the Auditor General may audit and report on the accounts and annual financial statements. The Executive Authority confirmed the appointment of the Auditor-General as the external auditors of the SACAA at the Annual General Meeting held on 19 October 2022. 11. Number of Employees The number of employees as at 31 March 2023 was 570 (2022: 560) which includes permanent, fixed term, interns, bursars, learnerships and contract employees. 12. Materiality Framework In terms of Treasury Regulations 28 (3) of the PFMA, the Board must develop and agree on a framework of acceptable levels of materiality and significance with the relevant Executive Authority. This is agreed annually with the Executive Authority as part of the Board Performance Agreement. The SACAA has developed a materiality framework whereby all material and significant information is disclosed to the Audit and Risk Committee, the Board and the Executive Authority on a quarterly basis.

** One (1) non-executive director appointed as a representative of the Executive Authority ** One (1) executive director ** There is currently one (1) vacancy for non executive directors and the Executive Authority is in the process of filling the vacant positions. Chairperson and Director of Civil Aviation The Chairperson is a non-executive and independent director as defined in King IV. The roles of Chairperson and Director of Civil Aviation are separate, with responsibilities divided between them, so that no individual has unfettered powers of discretion. Remuneration The Director of Civil Aviation is appointed by the Minister of Transport, who is the Executive Authority of the SACAA. In terms of the Civil Aviation Act, the Executive Authority determined the remuneration of the Director of Civil Aviation upon appointment. The Board determines the Remuneration Policy and Strategy of the SACAA. Board meetings In terms of the Board Charter, the Board meets at least five times per annum, and during the year under review met nine times. In addition it has also held strategic planning and risk sessions. Non-executive directors have access to members of management of the SACAA.

Annual Financial Statements I Annual Report 2022/23 I 177