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PPS aims at high standards for all disclosures included

in this report to provide meaningful, accurate, complete,

transparent and balanced information to stakeholders.

The Board, its committees and management were

involved in finalising disclosures made in this Integrated

Annual Report and assume responsibility for the

information contained therein.

The annual financial statements included in this report

are prepared in accordance with IFRS. PwC has

independently assured the annual financial statements.

Non-financial information was not independently



This report was approved by the PPS Holdings

Trust Board of Trustees (the Board) on 2 April 2019.

The Board acknowledges its responsibility in ensuring

the accuracy of this 2018 Integrated Annual Report.

The Board has applied its collective expertise to this

report and, in its opinion, this report addresses all

material issues and presents an integrated view of the

Group’s performance in the year under review.


Many of the remarks in this Integrated Annual Report

constitute forward-looking comments. These are not

guarantees or predictions of future performance.

As discussed in the report, PPS faces risks and other

factors outside its control. This may lead to outcomes

unforeseen by the Group. These are not reflected in

the report.




PPS’s Integrated Annual Report covers the 12 months

ended 31 December 2018 and subsequent events up

to the date that our financial statements are published.

In this report, we share the collective thinking applied

in creating long-term value. Throughout the report,

we address the challenges faced by the Group,

and opportunities and external drivers influencing

PPS’s strategy.

The report aims to provide a balanced and succinct

view of PPS’s financial and non-financial performance

and covers the Group’s operations in South Africa and

Namibia. It provides information on PPS’s strategies

for growth, efficiency, quality, sustainability, corporate

governance and accountability.

The information provided in this Integrated Annual

Report has been guided by local and international


These include the:

• South African Companies Act, 71 of 2008, as

amended (Companies Act);

• The King Code of Governance reporting principles

(King IV™);

• International Integrated Reporting Council’s (IIRC)

(IR) framework; and

• International Financial Reporting Standards (IFRS).

Since the release of PPS’s 2017 Integrated Annual

Report, PPS Short-Term Insurance (STI) has become

a wholly-owned subsidiary of the Group. In addition,

2018 saw PPS launch the Financial Services

4 Professionals (FS4P) brokerage.

We welcome your feedback so that we can continue improving our communication and service to you. Please

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for this purpose.