Page 14 - SAPPO Boardpack l 13 May 2020

8.7 CEO Summary

Johann Kotzé reported that as the CEO he has a mandate to authorise
payments up to R500 000 for working capital. The total amount of all
invoices from a supplier might exceed R500 000 but the invoices are
being paid per project. No project invoice is bigger than the mandate.
The suppliers include SAMIC, retail promotions, AccTech, the AGM
invoices and Monyetla.

According to Willie Miller, the reporting of payments by Johan Kotzé
should be recorded to avoid any uncertainty when the audited financial
statements are tabled and where the total amounts exceed his
mandate. The Audit Committee will monitor the details of the payments.

The Board took note of the above.

AGM / Pork Expo costs
The detail will be discussed in the Audit Committee and merely noted by
the board.

AGM

SAPPO representatives visited sites in the Western Cape in preparation
for the 2021 AGM. Reservations have to be made well in advance due
to the scarcity of venues that are big enough and affordable.

Spier was a good option although it was more expensive. A short
discussion took place on how to shorten the event to limit cost. The Board
members confirmed that the event should be held over 2 days.

Decision:
The Board confirmed that the AGM 2021 should be held in the Western
Cape. EB 05/2020-25/02/2020

Government Roundtable
The members noted that a meeting with the Citrus Growers’ Association
was scheduled for 2 March to seek guidance on how to establish a
successful Roundtable for the various industries.

Farm Insurance
Due to interest shown in available insurance for the pig industry, Johann
Kotzé proposed that an insurance company be given the opportunity to
communicate with farmers on an individual basis at the AGM.

African Country members
Farmers in other African countries have applied for membership of
SAPPO. This was inevitable as they do not have a support system in their

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