About our report

Integrated reporting purpose

The NLC fulfils its mandate through the application of the principles of openness and transparency. We are proud to present our 2020/21 integrated report, which aims to highlight our successes and challenges throughout the 2020/21 financial period. We are working towards meeting all International <IR> Framework (2021) requirements as we progress on our integrated reporting journey.

Reporting scope and boundary

This integrated report 2020/21 is our primary report to stakeholders, covering the financial period 1 April 2020 to 31 March 2021. The report includes the NLC’s leadership overviews, organisational overviews, financial performance, strategic performance, outlook, and corporate governance overview. As regulators of the lotteries industry, we do not report on the performance of Ithuba Holdings (RF) Proprietary Limited.
The content covers the material matters that impact the sustainability of our industry, organisation, and stakeholders, as well as how 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 Materiality Framework. The Materiality Framework is reviewed annually and included in the Annual Performance Plan (APP). Material matters are included in this report and developed after consideration of the ministerial priorities, strategic risk register, our strategy, as well as our reporting framework.

Reporting frameworks

Our integrated report 2020/2021 endeavours to be concise. However, we are cognisant of addressing all material stakeholder reporting requirements enshrined in the Lotteries Act, Public Finance Management Act (PFMA), Treasury Regulations and National Treasury Reporting Standards guidelines, published on our website http://www.nlcsa.org.za/acts/. Our Group annual financial statements (AFS) follow Generally Recognised Accounting Practice (GRAP) standards for AFS. We apply the King IV Code.

Assurance

The NLC has adopted the combined assurance model, which has been designed to highlight relevant high-risk areas and the assurance to be provided for the NLC to be appraised of the risk management efforts undertaken to manage risks to an acceptable level.

Director approval and process disclosures

The report draws on information from other detailed reports.

We relied on our five-year strategic plan and APP (published on our website), which reflect the NLC’s long-term, mid-term and short-term objectives in line with the National Treasury Framework for Strategic Plans and APPs. Interviews with key stakeholders was also conducted to ensure all material information is included in the report. The Board acknowledges its responsibility to ensure the integrity of the information contained in the integrated report. 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 is presented in compliance with the Integrated Reporting International Framework (2021). To the best of our collective knowledge and belief, the Board confirms that:

• All information and amounts disclosed in the integrated report are consistent with the AFS audited by the Auditor-General.
• The integrated report is complete, accurate and is free from any omissions.
• The integrated report has been prepared in accordance with the guidelines on the annual report as issued by National Treasury.
• The AFS (Part E) have been prepared in accordance with the GRAP standards applicable to the NLC.
• The Board was responsible for the preparation of the AFS and the judgements made in providing this information.
• The Board was responsible for establishing and implementing a system of internal control, which has been designed to provide reasonable assurance as to the integrity and reliability of the performance information, the human resources information and the AFS.
• The external auditors are engaged to express an independent opinion on the AFS. In our opinion, the integrated report fairly reflects the operations, performance information, human capital information and the financial affairs of the entity for the financial year ended 31 March 2021.

Signed on behalf of the Board

Prof YN Gordhan Independent Non-executive 22 March 2022		Mrs TCC Mampane Commissioner 22 March 2022

Report versions

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

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