In this year when our nation celebrates the centenary of our first democratically elected President, Tata Nelson Rolihlahla Mandela, we draw inspiration from these wise words below, which we believe are most befitting to our situation as we present this annual report of the financial year 2017/2018. These words implore us to remain focused, motivated and humble. They urge us to push even harder despite the momentous milestones we managed to achieve this far in our quest to reposition and rebrand our sport of boxing.

The state and stature of boxing in South Africa is on an upward trajectory. The financial year 2015/2016 laid solid foundations towards the objective of placing boxing at the nucleus of nation building and social cohesion.

Boxing activity has increased and this is reflected by an increase in the number of licensees in the period under review from 901 in 2014/15 to 1085 2015/16.

It gives me great joy that we report as charged with directing this entity as expected and in accordance with the South African Boxing Act, Act 11 of 2001 and the Public Finance Management Act, Act No. 1 of 1999. This financial year has seen a number of changes from the Board as well as from administration. Owing to the passing away of one of the Board members and the resignation of others, the entity spent a few months without a full Board.

We continue to strive to improve the life of the boxer in and out of the ring; hence our relationship with CATHSSETA continues to grow in the sector of empowering boxers with life skills. These relationships continue to echo our mandate as outlined in our strategic plan and its vision as we strive to concretise an enabling environment for all our stakeholders.