2022/23 PPRA ANNUAL REPORT PRESENTATION TO THE
Author : trish-goza | Published Date : 2025-06-23
Description: 202223 PPRA ANNUAL REPORT PRESENTATION TO THE PORTFOLIO COMMITTEE 1 1 TABLE OF CONTENTS Page Purpose 3 Executive Overview 4 Performance Outcomes 202223 5 16 Financial Performance 202223 17 25 Audit Outcome 202223 26 29
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Transcript:2022/23 PPRA ANNUAL REPORT PRESENTATION TO THE:
2022/23 PPRA ANNUAL REPORT PRESENTATION TO THE PORTFOLIO COMMITTEE 1 1. TABLE OF CONTENTS Page Purpose 3 Executive Overview 4 Performance Outcomes 2022/23 5 - 16 Financial Performance 2022/23 17 - 25 Audit Outcome 2022/23 26 - 29 Recommendation 30 Page 2 2. PURPOSE OF THE PRESENTATION To present to the Portfolio Committee of Human Settlements: Annual Report of the PPRA Group and Authority for the 2022/23 financial year. Page 3 3. EXECUTIVE OVERVIEW AND HIGHLIGHTS Key achievements The Property Sector Research Centre was established in partnership with the National Research Foundation (NRF). The Centre is currently pursuing further strategic partnerships with leading institutions of higher education. The entity plans to utilise research results to improve its offering to property practitioners and its support to consumers, and to also influence national, regional and global policy-making. The new organisational structure was approved by the Board, in concurrence with the Minister, during November 2022. The recruitment process for C-Suite and critical management positions has been concluded. Other critical positions are earmarked to be filled in the 2023/24 financial year. A notable improvement in the PPRA’s performance was achieved in Q4 of the 2022/23 financial year by a resounding 68% improvement from Q1. This performance was achieved through dedicated engagements by the Acting Chief Executive Officer with executives, process owners and the Internal Audit team. Page 4 Page 5 4.1 PERFORMANCE SUMMARY REPORT (1 of 2) 4.1 PERFORMANCE SUMMARY REPORT (2 of 2) Page 6 4.2 PROGRAMME 1: FINANCE AND ADMINISTRATION (1 of 5) Page 7 4.2 PROGRAMME 1: FINANCE AND ADMINISTRATION (2 of 5) Page 8 4.2 PROGRAMME 1: FINANCE AND ADMINISTRATION (3 of 5) Page 9 4.2 PROGRAMME 1: FINANCE AND ADMINISTRATION (4 of 5) Page 10 4.2 PROGRAMME 1: FINANCE AND ADMINISTRATION (5 of 5) Page 11 4.3 PROGRAMME 2: LICENSING AND COMPLIANCE Page 12 4.4 PROGRAMME 3: INSPECTION AND ENFORCEMENT Page 13 4.5 PROGRAMME 4 RESEARCH, PROFESSIONALIZATION, AND TRAINING (1 of 2) Page 14 4.5 PROGRAMME 4 RESEARCH, PROFESSIONALIZATION, AND TRAINING (2 of 2) Page 15 4.6 PROGRAMME 5: TRANSFORMATION Page 16 5. FINANCIAL PERFORMANCE 2022/23 5.1 PPRA STATEMENT OF FINANCIAL POSITION Page 17 5. FINANCIAL PERFORMANCE 2022/23 (CONT) 5.2 ANALYSIS OF GROUP’S STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2023 The current assets of the Group are summarised in the table below: The Group’s current assets increased by R233m from R562m to R795m due mainly to an
