Page 13 - SABN AR 2021

Strategy
The SABN strategy, as outlined in this strategy map, is aligned with the SARB’s strategic focus area (SFA) 5, which is to ensure the availability and integrity of currency.
The strategic initiatives were reviewed and consolidated into five key strategic initiatives to deliver the strategy.
Acknowledgement
I would like to extend my appreciation to the SABN team and the executives for their systematic work and commitment throughout the year. Furthermore, I would like to express my profound appreciation to the frontline colleagues in our business who kept the plant running despite the practical challenges of COVID-19, as well as those who worked from home, to ensure the availability of banknotes in order to contribute to the economic well- being of South Africans.
I would also like to thank the Governor of the SARB, Mr Lesetja Kganyago; Deputy Governor, Dr Rashad Cassim; Deputy Governor, Ms Fundi Tshazibana; Deputy Governor, Mr Kuben Naidoo; the SABN Board members and Chairperson of the SABN Board, Mr Mogam Pillay; and the SARB Group Executive of Currency Management, Mr Pradeep Maharaj, for their continued support and guidance.
L L Mda Managing Director 20 May 2021
South African Bank Note Company (RF) Proprietary Limited
Annual Report 2021
Purpose-led vision
We serve the nation by providing competitively priced quality banknotes to contribute to the economic well-being of South Africans.
2025 Strategic intent
Optimise and grow, to supply
1.5 billion quality banknotes at internationally competitive prices.
Excel at the basics in quality, manufacturing and asset care
Enable and empower people to deliver
Develop asset master plan
Shareholder value proposition perspective
Strategic internal processes objectives
Organisational capability and capacity objectives
1
Guaranteed quality
2
Reliable and responsive supply
Effective production management
3
3
Competitive pricing
Optimised production assets availability and reliability
Strategic procurement and enablement Leverage technologies to enable our strategic processes
Purpose-led vision
We serve the nation by providing competitively priced quality banknotes to contribute to the economic well-being of South Africans
We ensure the availability and quality of South African banknotes at internationally competitive prices
1
Improved quality
control and 2
assurance processes
EBITDA
Excel at the basics in quality, production and maintenance Enable and empower people to deliver
Ensure seamless delivery of utilities
Leverage technologies to enable our strategic processes
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