2014 TBCSA AGM
The 18th Annual General Meeting for the TBCSA and TOMSA took place on Tuesday, 8th of July at the Southern Sun O.R Tambo International Airport.
TBCSA Annual General Meeting: CLOSED SESSION
Board Chairman’s Report
Proceedings started with a closed session of the TBCSA AGM, where TBCSA Chairman Mavuso Msimang reviewed the 2013 financial year, as per the annual report.
The Chairman’s report highlighted the growth of the tourism private sector as a creator of jobs despite the challenging economic climate. He then thanked the substantial TBCSA Board for a collective effort in pursuing a tourism industry that is filled with opportunities for entrepreneurs and small enterprises.
The Chairman highlighted that domestic tourism had not taken off as expected, forcing many businesses to shut down or offer excessively discounted deals. He welcomed the re-introduction of the Sho’t Left campaign to address this issue and improve the domestic tourism figures for the current financial year.
In closing, the Chairman thanked all members of the TBCSA and TOMSA Board Directors for their tireless efforts in the year under review. Mr. Msimang especially thanked the TBCSA CEO and her ‘’Lean and Mean’’ team for accomplishing so much.
In the Chairman’s words: ‘’We will continue to go far if we travel together.’’
The Chairman’s report was followed by the CEO’s feedback of the 2012 financial year. The CEO welcomed the interesting and thought-provoking speech by Tourism Minister Mr. Derek Hanekom prior to the AGM. She echoed the Minister’s sentiment of tourism being the ‘’rescue’’ industry of South African industries as the sector continues to act as a catalyst for big investment, the Marriott-Protea deal being one such example.
The CEO went on to thank all industry stakeholders which included Government, South African Tourism (SAT), members and sector associations affiliated to the organisation. The CEO especially commended the efforts of the Marketing Committee with SAT in bringing important issues to the fore and striving in making our destination an internationally preferred hot spot.
Other key highlights from the CEO’s Report included:
The CEO concluded by thanking her colleagues at the TBCSA, the boards of both TOMSA and TBCSA, as well as the Chairman Mr. Mavuso Msimang for their exerted efforts during a long and challenging year.
2012 AGM and the Annual Financial Statements
Minutes of the 2012 AGM were accepted as true reflection of the meeting’s discussions.
The audited financial statements for the 2013 financial year were adopted by members of the AGM. In addition, it was confirmed that Tenk Loubsher will remain as auditors for the next financial year.
It was also agreed by members of the AGM that an increase of membership fees was necessary and that the increase would be based on the CPIX (Consumer Price Index) for 2014.
The Chairman concluded the AGM by thanking all attendees and wishing them health and prosperity for the remainder of 2014.