131st National AGM - Feedback
Wednesday, 10 August 2022
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On Thursday 4th August 2022, SAIMechE held a virtual Annual General Meeting (AGM) for the third time in its history. The AGM was presented using the Zoom online meeting platform. Meeting attendance peaked at seventy-three persons and sixty-eight persons signed the online attendance register.
SAIMechE President, Mr Hangwani Makwarela welcomed the attendees on behalf of the Council and presented the AGM as per the agenda.
During his presentation of the Council report, Mr Makwarela spoke about some of the more important information reflecting the position and performance of the Institution over the period 1 May 2021 to 30 April 2022.
Council Report
The Council report for the 2021-2022 Council session summarised membership statistics as follows:
|
Grade
|
Total
1 May 2021
|
Total
30 April 2022
|
Change
(2021-22 YTD)
|
|
Hon Fellow
|
20
|
22
|
+2 (+10.0%)
|
|
Fellow
|
46
|
46
|
+0 (0.0%)
|
|
Member
|
2 710
|
2 555
|
-155 (-5.7%)
|
|
Graduate
|
276
|
268
|
-8(-2.9%)
|
|
Associate
|
203
|
163
|
-40 (-19.7%)
|
|
Comp. Affiliate
|
32
|
31
|
-1 (-3.1%)
|
|
TOTAL (paying)
|
3 267
|
3 063
|
-204 (-6.6%)
|
|
Student
|
1 736
|
1 947
|
+211 (+12.1%)
|
|
TOTAL
|
5 023
|
5 032
|
+9 (0.2%)
|
Financial statements
The Institution received an unqualified report from the Accounting Officer confirming that it complies with the provision of the Constitution relating to financial matters. Key financial indicators are shown below.
- Total income increased 9.4% to R 4 873 462
- Membership fee income increased by 0.8% to R 4 213 440
- Total expenditure decreased by 7.7% to R 4 086 746
- Administrative expenses increased by 1% to R 1 031 167
- Operating surplus of R 786 716
- Net surplus of R 767 589 after including investment adjustment
- General reserve increased by 13.2% to R 6 600 225
- Investment increase by 7.9% to R4 962 514
- Good standing with SARS and exempt from income and capital gains tax
- Concern over increasing outstanding membership fees
Election of Council Members
The following members were declared elected to Council for the 2022-24 session:
Mr P Bailey
Mr R Lishivha
Ms M Jansen van Rensburg
Mr H Makwarela
Mr V Rimbault
Mr R Tshitahe
Mr N van Niekerk
These members join current Branch Chairpersons to form the Council for the 2022-24 session.
Branch Chairpersons
Mr. Mishael Mashele (Mpumalanga Highveld Branch)
Ms. Portia Moketla (Central Branch)
Mr. Jacques Claassen (Vaal Branch)
Mr. Vaughan Rimbault (KwaZulu-Natal Branch)
Prof. Danie Hattingh (Eastern Cape Branch)
Prof. Martin Venter (Western Cape Branch)
Council Members ex officio
Mr. Uncel Mhelembe (General Manager)
The meeting was CPD validated for 0.1 credits with validation number
SAIMechE-1519-08/22.
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