WESSA Annual Report 2023-2024

WESSA company cash analysis

WESSA’S 10 most financially significant projects implemented during F2024

Membership (restricted) funds R 4 959 225

Ring-fenced funds R 6 362 373

South32 Hillside Aluminium R 9 555 509 Various smaller projects R 1 975 013

SANBI GS2 R 1 150 000 Orion R 886 000 Nedbank R 772 445 Greencape R 675 000 Glencore R 627 022

Childsaftey R 1 488 174 EEASA R 1 189 282

eWASA R 2 601 837 Sun International R 1 583 069

Restricted funds R 10 407 292

Unrestricted funds R 7 291 809

While the financial results for FY 2024 reflect a challenging year, our dedication to financial resilience and operational excellence remain unshaken. We have conducted a comprehensive review and enhancement of our financial controls and proactively addressed financial reporting legacy issues, thus bolstering our financial reporting capabilities. With strengthened cash and financial management controls, coupled with our unwavering commitment to good governance, we are well-positioned for future growth. We continue to focus on building a solid foundation for long-term sustainability. By fostering a culture of accountability and upholding high ethical standards, we are tackling immediate challenges while also paving the way for future opportunities. Our commitment to transparency and prudent financial management will remain our guiding principles as we move forward. Looking ahead, we are optimistic about our prospects. By leveraging our strengthened position and the lessons learned from past experiences, we are well-positioned to drive sustainable growth in the years to come.

Nana Msomi Senior Financial Manager

#We Are OneWESSA

WESSA ANNUAL REPORT 2023 – 2024

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