Sefalana : INTEGRATED ANNUAL REPORT 2022

LOOKING

BEYOND

THE STORM

Sefalana Integrated

Annual Report

WELCOME

TO OUR

INTEGRATED ANNUAL REPORT

OUR VALUES

	Formal detailed
	presentations are made
OUR	to Shareholders every
six months to provide an
INTEGRATED	At Sefalana, our values
update on how the business
REPORT
underpin the way in
	is performing and to give
	an insight into the Group's	which we operate and
	go about our day to day.
	plans for growth.
	They are the core of our
		existence, embedded in
		all our people.

Namibia	Australia
Botswana	Lesotho
Zambia	South Africa

OUR THINKING	From the Covid - 19 pandemic
	perspective, we have seen a positive		We are proud of what we
	recovery in trading performance
		have achieved over the last
	across the Group and are pleased
		48 years. We have been
	to note that the worst seems to be
	behind us. We continue to observe	OUR	able to do this through
	all the necessary pandemic protocols	PEOPLE	sheer determination and
	and are pleased to report that it		perseverance by our people,
	is "businesses as usual" in all our		our human capital, who are
	operations. We look ahead with		our most important asset.
	positivity as we embark on further
	growing our business.

1

SEFALANA GROUP INTEGRATED ANNUAL REPORT 2022

Contents

1

2 3

OUR INTEGRATED REPORT

Our Integrated Report	4
Our Business Model	10
Forms of Capital	11
Material Matters	12

OVERVIEW

Our timeline	18
Our Sefalana	20
Corporate information	20
Working amidst Covid-19	24
Financial highlights	26
Shareholder information	27
Five year trending	28
Record of financial performance	29

EXECUTIVE REPORTS

Board of Directors	32
Chair's report	34
Group Managing Director's report	38
Group Finance Director's report	52
Our Values	62
Sustainability report	64
Corporate Governance report	86
Remuneration Report	105
Enterprise Risk Management report	110
Audit Committee Chair's report	120
Information Technology and IT Governance	122

2

years

4

5

COMPANY PROFILES

Our Management teams	126
Sefalana Cash & Carry - Botswana	140
Sefalana Cash & Carry - Namibia (Metro)	144
Sefalana Trading - Lesotho	146
Seasons Group - Australia	148
Foods Botswana	150
Commercial Motors	152
Mechanised Farming	154
Sefalana Properties	155
Sefalana Fresh Produce	156
SefRemit	157

ANNUAL

FINANCIAL STATEMENTS

Directors' statement of responsibility	161
Independent Auditor's report	162
Statements of Comprehensive Income	168
Statements of Financial Position	169
Statements of Changes in Equity	170
Statements of Cash Flows	171
Notes to the Financial Statements	172
Notice of AGM	237

01

OUR INTEGRATEDREPORT

02 OVERVIEW

03 EXECUTIVEREPORTS

04 COMPANYPROFILES

05 FINANCIALSTATEMENTS

3