The NLC fulfils its mandate through application of principles of openness and transparency. We are proud to present our Integrated Report, which aims to highlight our successes and challenges throughout the 2018/19 financial period. We are working toward meeting all requirements of the International <IR> Framework as we progress on our integrated reporting journey.
The Integrated Report 2018/19 is our primary report to stakeholders covering the financial period 1 April 2018 to 31 March 2019. The report includes the NLC’s leadership overviews, organisational overviews, financial performance, strategic performance, outlook and corporate governance overview. We, as regulators of the lotteries industry, does not report the National Lottery Operator, Ithuba Holdings (RF) Pty Ltd.
The content covers our material matters that impact on the sustainability of our industry, organisation and stakeholders as well as the way the organisation creates value for the broader society over the short-, medium- and long-term. Our material matters are identified, evaluated, prioritised and determined in line with the NLC’s Materiality Framework. The materiality framework is reviewed annually and included in the Annual Performance Plan. Material matters are featured in this report and developed after consideration of the ministerial priorities, strategic risk register, our strategy as well as our reporting framework.
Our Integrated Report 2018/19 endeavours to be concise. However, we are cognisant of addressing all material stakeholder reporting requirements enshrined in the Lotteries Act, PFMA and Treasury Regulations as well as National Treasury Reporting Standards guidelines which are published on our website http://www.nlcsa.org.za/acts/. Our group annual financial statements (AFS) follow GRAP standards for Annual Financial Statements. During the period under review an external independent analysis on compliance with King IV code was concluded. The results are detailed in the Corporate Governance Report. The report draws on information from other detailed reports. We relied on our Five-Year Strategy Plan and Annual Performance Plan published on our website and reflecting the NLC’s long-term, mid-term and short-term objectives in line with the National Treasury Framework for Strategic Plans and Annual Performance Plans.
The NLC has adopted the combined assurance model, which has been designed to highlight the relevant high-risk areas and the assurance to be provided for the NLC to be appraised of the risk management efforts undertaken to manage the risks to an acceptable level.
| Activity | Standard/Code | Assurance provider |
| Financial information presented | GRAP | Auditor-General South Africa |
|---|---|---|
| Strategic performance | PFMA | Auditor-General South Africa |
| Operational information | PFMA and Lotteries Act | Auditor-General South Africa |
| B-BBEE information | BEE Act 53 of 2003
and Codes of Good Practice |
Siyandisa
Verification
Solutions |
The Board acknowledges its responsibility to ensure the integrity of information contained in the Integrated Report 2018/19. The Board Audit and Risk Committee was instrumental in providing guidance on this process and keeping the Board abreast of the reporting progress. The Board is of the opinion that this Integrated Report 2018/19 is presented in compliance with PFMA requirements and Integrated Reporting International <IR> Framework.
To the best of our collective knowledge and belief, the Board confirms that:
For the period under review, the NLC has produced limited print copies of the integrated report. The full integrated report is also available electronically at www.nlcsa.org.za.
 Prof NA Nevhutanda Chairperson of the Board Date |
 Ms TCC Mampane Commissioner |
