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    Finance Report 2017

    Finance Report 2017

    Despite the tough economic climate, we managed to secure 91% of our budgeted income for 2017. Total revenue for the year amounted to R13 737 868, which was 11.2% less than 2016, with this decrease mainly attributed to the reduced funding received for the Enterprise Programme. Through ongoing monitoring of expenditure our expenses were contained at 1% more than 2016.

    The marginal increase in expenditure takes into account the 2017 inflationary increase and reduction in programme activity costs linked to the reduction of income.

    We still ended the year with a surplus of R1 092 297, bringing the total accumulated reserves to R19 956 689. This reserve puts JA South Africa in very good stead for future expansion in the digital space. With 70% of the budgeted income already secured and good partnerships in the pipeline, we look to 2018 with great optimism. Please click here for the Abridged Financials and here for the Auditor’s Report.