About this report
OUR INTEGRATED ANNUAL REPORT (THIS REPORT) FOR THE YEAR ENDED 30 SEPTEMBER 2018 PROVIDES INSIGHT INTO TRANSACTION CAPITAL'S BUSINESS MODEL AND STRATEGY, AND ANALYSES OUR FINANCIAL, OPERATIONAL, SOCIAL AND GOVERNANCE PERFORMANCE.
SCOPE AND BOUNDARY
The scope of this report covers the group holding company and its divisions, as set out in the group profile. While Transaction Capital operates primarily in South Africa, the group's strategy to expand internationally has progressed, and this report also covers its operations in Australia.
Group executive management was significantly involved in the preparation of this report and believes the information provided covers all the factors deemed to be material to the group's ability to create value. Group and divisional executives determine materiality based on their ongoing engagement with stakeholders and with reference to group and divisional strategies. This report includes details on specific stakeholder concerns and the response of Transaction Capital and its divisions.
Although this report is considered to be relevant to all stakeholders, it is aimed primarily at providers of financial capital, to inform their assessment of Transaction Capital's ability to create value over the longer term.
This report includes summarised financial results and other selected financial information. The full annual financial statements are available at Transaction Capital's registered office and on its website, www.transactioncapital.co.za.
This report is prepared in accordance with International Financial Reporting Standards (IFRS), the JSE Listings Requirements and the South African Companies Act 71 of 2008, and with reference to the International <IR> Framework of the International Integrated Reporting Council.
Transaction Capital conforms to the principles contained in the King IV Report on Corporate GovernanceTM for South Africa, 2016 (King IV).
ASSURANCE OF THE REPORT
Deloitte & Touche audited the annual financial statements. The scope of the audit was limited to the information set out in the annual financial statements and does not extend to the content of this report. The unmodified assurance statement forms part of the annual financial statements.
The audit, risk and compliance (ARC) committee is responsible for monitoring the appropriateness of the combined assurance model and applies a co-ordinated approach to all assurance activities. Combined assurance includes monitoring and oversight across executive and senior management, internal and external audit, and the board and its committees.
The ARC committee acknowledges its responsibility on behalf of the board to ensure the integrity of this report. Accordingly, it has applied its collective mind to this report and believes that it appropriately and sufficiently addresses all material matters and fairly presents the integrated performance of Transaction Capital and its divisions for the year, within the stated scope and boundary.
The ARC committee recommended this report to the board for approval. The board approved it for distribution to stakeholders on 16 January 2019.
Chief executive officer
ABOUT TRANSACTION CAPITAL
A snapshot of key performance indicators, and strategic and operational highlights.
|Evolution since listing|
|Business model and outcomes||
An overview of the group’s business model, including propositions to stakeholders and our approach to the relevant capitals, including commercial and social value created.
An overview of the group’s strategy and strategic performance during the year.
|Q&A with David Hurwitz, CEO|
|Q&A with Terry Kier, SA Taxi CEO||
Includes details on the ground-breaking ownership transaction and initiatives with SANTACO.
|Financial director’s report||
Detailed disclosure on group and divisional financial performance.
|Q&A with Mark Herskovits, executive director: capital management||
Information relating to capital management across the group, including details on capital raising for the SANTACO equity transaction, ratings, and group-wide progress in capital management.
Includes an overview of the remuneration policy and the implementation report.
Audited annual financial statements
- Directors’ responsibility statement
- Company secretary’s certificate
- Directors’ report
- Audit, risk and compliance committee report
- Social and ethics committee report
- Independent auditor’s report
King IV application 2018