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Introduction
Our purpose, vision, mission, values and mandate
Integrated report theme
What our report is all about
Our approach to value creation, preservation and erosion
Our capitals and navigating this report
Reporting frameworks, process and combined assurance
Board responsibility and approval
Who we are
Our business
Our Chairperson’s thoughts he would like to share
Our Chief Executive Officer’s summary of the year
Our Medical Director’s reflections on a great year
SANBS Executive Committee
Business model and value creation aligned to the six capitals
Our trade-offs and key considerations
Materiality determination process and material matters
Risk and opportunity management
Our strategy
SANBS Strategy 2025-2030: ‘Serving with Heart’ and building a better future
How we performed in FY25 against the iHEALTh strategy
Our capitals
Our social and relationship capital
Our relationship capital
Our natural capital
Our human capital
Remuneration report
Our intellectual capital
Our manufactured capital
Our financial capital
Our governance
Governance as the strong foundation of SANBS’ business
Our Board
Committees of the Board
Audit Committee
Governance, Social and Ethics Committee
Human Resources and Remuneration Committee
Clinical Governance Committee
Nomination Committee
Risk, Technology and Information Governance Committee
Corporate governance aligned to King IV™ principles
Our outlook & ancillary information
Challenges, uncertainties and disruptive factors FY26
Acronyms
Corporate information
Our Capitals
Our relationship capital: Engagement with stakeholders to build meaningful relationships
Our Capitals
Our relationship capital: Engagement with stakeholders to build meaningful relationships
Governance
Progress with improvement initiatives
On track
Progress could be delayed
Improvement initiatives delayed
No specific improvements identified
National Council
Stakeholder needs, interests & expectations
Corporate governance and transparency
Accountability - Financial performance feedback
Periodic updates
Participation and engagement
Recognition and appreciation
SANBS response
Transparent disclosure and communication
Governance and accountability
Engagement channel
Virtual
Frequency of engagement
Bi-annually
Improvement initiative progress
On track
Status of current engagements
Exploration is underway:
Initiated preliminary research into viable models; however, this is not yet finalised
Assumption testing:
Challenging old frameworks and experimenting with new revenue logic
Still in concept phase:
No final structure or financial forecasts as yet, but includes early ideas and working hypotheses
Next move:
Define core value drivers and start building a model that can scale and sustain
Metrics used to measure quality of relationships
Number of concerns/issues raised
Strategic pillar(s) impacted
Strategic risk(s) impacted:
National Department of Health (NDoH)
Stakeholder needs, interests & expectations
Corporate governance and transparency (including upholding ethical standards)
Quality products and services delivered at the right time at a fair price
Accurate billing and information
Support for initiatives
Adherence to regulations
SANBS response
Recovery of outstanding payments
Foundations are solid:
Groundwork has been concluded - key stakeholders are identified, onboarded, and aligned
Relationships are active:
Channels are open, expectations are clear, and engagement is steady
Now in maintenance mode:
Touchpoints are being managed, maintaining momentum, and ensuring continued alignment
Next move:
Stay responsive, deepen trust, and leverage partnerships as strategic assets
Engagement channel
In-person
Virtual
Frequency of engagement
Annually
As and when required
Improvement initiative progress
On track
Status of current engagements
Engagements with Provincial Departments
See SANBS response above
Metrics used to measure quality of relationships
Number of healthcare workers trained
One-unit-at-a-time issues
Discussion platforms
Publications
Strategic pillar(s) impacted
Strategic risk(s) impacted:
SANBS employees
It takes more than one heart to save a life. At SANBS, we serve with heart, together with every donor, every colleague, and every life touched by our mission.