Page 3 - FSC_AR Status Report

FOREST SECTOR CHARTER COUNCIL
Table of Contents
Chairperson’s Message ................................................................................................................2
Appointment of New Council .......................................................................................................4
Who are we?...................................................................................................................................................................................................................4 Vision ...............................................................................................................................................................................................................................4 Mission .............................................................................................................................................................................................................................4 Values................................................................................................................................................................................................................................4 Governance Structure.................................................................................................................................................................................................4
Council Operations ......................................................................................................................6
Inaugural meeting .......................................................................................................................................................................................................6 Council meeting ..........................................................................................................................................................................................................6 Council Committees and Members.......................................................................................................................................................................6 Orientation by the Independent of Directors South Africa (IoDSA) ..........................................................................................................6 Strategic Plan review...................................................................................................................................................................................................6
Happenings in the Forest Industry..............................................................................................8
Dividends of DFFE’s 2nd year implementation of the Forestry Masterplan ...........................................................................................8 FSA Celebrates 20 years of serving the Forestry Sector .................................................................................................................................8 Dtic host the first Black Industrialist conference ..............................................................................................................................................9 Council partners with entire Sector to celebrate women in forestry ..................................................................................................... 10 Sawmilling South Africa carves out a new brand and focuses on the future of wood .................................................................... 11 DFFE celebrates International Day of Forests ................................................................................................................................................. 11
Report of Progress made in the Implementation of the Forest Sector Charter Undertakings ......11
Instruments to Support Ownership Targets .................................................................................................................................................... 11 Skills Development – Instruments to Support Skills Development Targets ........................................................................................ 12 Preferential Procurement – Instruments to Support Preferential Procurement Targets ................................................................. 12 Instruments to Support Enterprise and Supplier Development Targets .............................................................................................. 12 Instruments to Support Industry-Specific Initiatives ................................................................................................................................... 13
Status Report- FT2022/23 Summarised version of the Annual Status of Transformation .......... 14
Medium and Large Enterprises (MLEs) .............................................................................................................................................................. 15 Qualifying Small Enterprises (QSEs).................................................................................................................................................................... 16 Exempted Micro Enterprise (EMEs) ..................................................................................................................................................................... 18 B-BBEE Reporting Entities ...................................................................................................................................................................................... 19
Annual Financial Statements for the Year Ended 31 March 2023 ............................................... 21
General Information ................................................................................................................................................................................................. 22 Councillors’ Responsibilities and Approval ...................................................................................................................................................... 23 Councillors’ Report.................................................................................................................................................................................................... 24 Independent Auditor’s Report.............................................................................................................................................................................. 25 Statement of Financial Position as at 31 March 2023................................................................................................................................... 27 Statement of Comprehensive Income............................................................................................................................................................... 28 Statement of Changes in Reserves ..................................................................................................................................................................... 29 Statement of Cash Flows ........................................................................................................................................................................................ 30 Accounting Policies .................................................................................................................................................................................................. 31 Notes to the Annual Financial Statements....................................................................................................................................................... 33 Detailed Income Statement .................................................................................................................................................................................. 38
Message from Outgoing Interim Management ...........................................................................40 Appreciation .............................................................................................................................. 42 Acronyms................................................................................................................................... 43