DISCLOSURE AND ASSURANCE
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
ABOUT OUR INTEGRATED
SCOPE AND BOUNDARY
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
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
• 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
make use of the websitewww.pps.co.za
for this purpose.