SHAPING TOMORROW, TODAY
Our 2019 Integrated Annual Report showcases how the CTICC builds futures by significantly stimulating economic development and job creation: we have generated over 130 000 jobs and contributed R47.3bn to South Africa’s GDP in the last 16 years. We continue to provide an inspiring platform for people to share ideas that drive innovation and the knowledge economy. This shapes a sustainable legacy that will serve our people, our communities, our city, our province, our business tourism sector and our South African economy well into the future.
SCOPE AND PARAMETERS OF THIS REPORT
This is the integrated annual report for the Cape Town International Convention Centre (CTICC). It reports on activities during the 2018/19 financial year, which ended on 30 June 2019. This report is being released at the CTICC’s Annual General Meeting (AGM) on 11 December 2019. It is produced on an annual basis, in line with the United Nations Global Compact (UNGC) Index.
We have had a remarkable year in terms of revenue, achieving a turnover of R277m. This represents a 11% growth in revenue compared to the previous financial year. We have also delivered consistently high levels of customer service, focused marketing and strong economic, environmental and social contributions, including significant job creation. Our major highlights for 2018/19 are displayed on the supporting slideshow:
ALWAYS FACING FORWARD
The CTICC is designed to host international and local conferences, exhibitions and trade shows and, in the process, create jobs and drive the local economy – now and into the future. Our complex consists of two buildings, CTICC 1 and CTICC 2, with large auditoria and exhibition halls, as well as state-of-the-art private boardrooms and cafés. To find out more about our world-class facilities, our people, our certifications, our sector memberships and the considerable range of services we offer, click the icon below.
“We connect people to create economic opportunities and jobs by attracting events in key economic sectors and exceeding our clients’ expectations.”
ABOUT THE CTICC
INCREASING OUR POTENTIAL, TODAY AND FOR THE FUTURE
Over the past 16 years, the CTICC has made economic and social contributions we can be proud of. We are constantly investing in the future workforce through our graduate and student programme. Our R3.6m training investment contributed to the success of the CTICC and the tourism sector as a whole – and the benefits of that investment are long-term. We continue to be a driver of the knowledge economy through the hosting of events in key economic sectors and the significant economic spin-offs generated for local enterprise and employment. It is in these countless ways that we shape tomorrow, today.
MAKING MEMORIES AND FORGING NEW CONNECTIONS
In 2018/19 we grew the number of events we hosted by 7% to 560. We welcomed almost 420 000 attendees, 31 277 being international delegates to 34 conferences. Delegate and visitor days totalled 877 129. Our reputation allows us to secure exciting events, which confirms the CTICC as a world-class business tourism destination and positions Cape Town as a city to which to return. Every one of our event attendees contributed to our economy, either by visiting our centre or through additional spend while staying in the region. This continues to positively impact our future.
SHAPING OUR ECONOMIC LANDSCAPE
Despite a struggling economy that is shedding jobs, we contributed R4.5bn to the Western Cape GGP and R6.5bn to the South African GDP in 2018/19. We also boosted job creation and local business development. These benefits are generated by a fierce commitment to commercial viability and service excellence, both of which influence our performance, our economy and every person who comes into contact with us. This section maps our economic performance, including our KPIs, our capital expenditure and our commitment to enterprise development.
BUILDING BETTER TOMORROWS
Corporate Social Responsibility (CSR) is central to our commitment to people. We encourage the development of local communities by creating opportunities and activations that will empower people to transform their futures, whether it is through thought leadership, skills transfer or the donation of resources. We contributed R1.6m to CSR this year, one of the important ways in which we shape tomorrow, today. This section also highlights our own people, whose passion and potential greatly influence their own and our own futures. Read on to find out more.
SECURING OUR TOMORROW, TODAY
This year, our waste, energy and water management efforts have continued to be high priority, with our R8m investment in our own reverse osmosis potable water production plant taking centre stage. It can produce 200 000 litres of drinking water in a 24-hour cycle and take us ‘off grid’. Local sourcing of food for our catering offering has also been a strong focus. We align our operations to the ten guiding principles of the UN Global Compact (UNGC), of which we are a member, and continually seek new ways to mitigate our environmental impact. Details of all these initiatives follow.
Informs, drives, and monitors the CTICC’s triple bottom line approach;
ENDURING ETHICAL LEADERSHIP
The Board of Directors ensures that the highest ethical standards of risk management, financial management and reporting are adhered to, in line with the corporate governance principles of King IV. These aspects are overseen by Board members. This section also includes changes to the Board and Board activities. In addition, it describes the CTICC’s engagement with its key stakeholders, from staff to shareholders to clients to convention bureaus. Click through for more details.
The Board of Directors (“Board’) is committed to upholding good ethical standards and the application of corporate governance principles in accordance with the King IV Report on Corporate Governance for South Africa.
FORGING AHEAD FEARLESSLY
In the last financial year, we have won 14 international bids for international conferences. To date, we have secured 71 international conferences up until the year 2024. This includes the 2021 International Karate World Championships and the 2023 Netball World Cup, huge sporting events that will bring in over 14 000 visitors between them. Having set the highest standards for ourselves in the past year, including significant future-proofing upgrades, we are in an excellent position to take the CTICC to new heights next year and into the future. Read on to find out more.
The medical sector, in particular, has always been loyal to us and continues in the same vein with upcoming conferences including the World Opthalmology Congress, the premier and largest international ophthalmic assembly, confirmed for June 2020. About 8 000 delegates from upwards of 130 countries will attend,
OUR FULL FINANCIAL REPORT FOR 2018/19
The Annual Financial Statements consist of the Director’s Responsibility Statement, the Directors’ Report, the Company Secretary’s Certificate, the Board Committee Reports, the Auditor-General’s Report, the Statements of Financial Position and Performance, the Statement of Changes in Net Assets, the Cash Flow Statement, the Statement of Comparison of Budget and Actual Amounts, as well as the Notes to the Financial Statements. Click the icon below to view this section.
ANNUAL FINANCIAL STATEMENTS
UNITED NATIONS GLOBAL COMPACT INDEX
Businesses should make sure that they are not complicit in human rights abuses.
Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining.
Businesses should uphold the effective abolition of child labour.