This is the third Integrated Report of Anglo African Investments Ltd (hereafter referred to as ‘Anglo African’ or ‘the Group’). We continue to benchmark ourselves against global best practices in the Corporate Reporting space. In preparing this report, we have been inspired by a number of standards such as the King Code IV for Corporate Governance, and Non-Financial reporting such as Sustainable Development Goals (SDGs) of the United Nations. There are also a number of innovation, including the SDGs in action and Capitals Mix, new additions in our Risk Management and Materiality Sections, for the purpose of completeness of our report. It is important to note that Anglo African has decided not to report on the Natural and Manufactured Capitals as we believe that our operations do not have a material impact on them but have introduced the “Technological Capital” which we believe is relevant to ourselves.
This integrated report is our primary report and serves to cater for the diverse range of stakeholders with varied information needs. We provide a range of communication aimed at addressing our stakeholders’ requirements. In assessing what is included in the integrated report, we applied the materiality principle. We have designed this report in three versions: printed report, online version and mobile app(ios/android).
It is to be noted that our corporate website is now fully dedicated to our Integrated Report. The rationale being that Anglo African is now an investment holding and no longer an operational one.
The 2017 annual integrated report covers the period 1st July 2016 to 30th June 2017. Any material events after this date and up to the Group’s Board of directors’ (Board) approval on 6th November 2017 have also been included. The integrated report discusses our operations in Mauritius, Africa and India, the geographic regions in which we operate. Our annual financial statements are prepared in accordance with IFRS. While quantitative information relating to the group is prepared according to IFRS, this report discloses material information that may extend beyond the financial reporting boundary.
This integrated report chooses to focus on material developments and matters, and provides pertinent related financial and non-financial performance indicators that are relevant to a wide cross-section of stakeholders. We define a material development or matter as one that affects our ability to remain commercially viable and socially relevant to the communities in which we operate.
In preparing our report, we were mainly guided by the IIRC framework and its guiding principles which include: Strategic Focus and Future Orientation; Stakeholder Relationships; Materiality; Connectivity of Information; Conciseness; Reliability and Completeness; Consistency and Comparability. Our Integrated Thinking contained herein is “Forward Looking” — providing insights into the organisational strategy and how it relates to the organisation’s ability to create value in the short-, medium- and long-term and its use of and effects on the capitals and connectivity to the vision, business model, risk framework, strategy and governance.
It is to be noted that Anglo African has decided to engage in this Corporate Reporting exercise on a voluntary basis as it does not operate within regulated industries and is not listed. Although the report is designed for the different stakeholders at large, our focus is mainly on our customers, our people, regulators and business partners. As an important player in the Technology and Innovation space, we hope that we will be able to demonstrate the thought process and its application with this report. Our main challenge in preparing this report was to keep it “Readable & Understandable” despite additional Information and Innovations.Moreover, we have been able to keep the length of the report within 120 pages which is a benchmark inspired by global corporations.