AFRICAN DAWN ANNUAL REPORT 2019 5 From the Chair continued YueDiligence YueDiligence is an actionable, light-touch due diligence tool for investors, entrepreneurs, and service providers to assess SMEs for growth gaps to advance partnership & fundraising preparation. YueDiligence disposed of SME Snapshot during the year and foccussed on the further development of the platform. This is still a very young business and we believe it has huge potential to assist entrepreneurs to become investment-ready and get easier access to much needed funding. The focus was to ensure we have a good technology platform and make it more user friendly. SARS The SARS settlement agreement was concluded in December 2017 and has eliminated the uncertainty about the SARS liability for the Group. The whole R8.24million settlement amount was paid by the end of February 2019. This will be the first time since 2007 that the Group is clear of all SARS liabilities. Arvesco Transaction The Arvesco Transaction was a key milestone for the Group. Key risks were reduced, and the Group can now focus to build a sustainable business. Access to funding and new customer bases are some of the key benefits the Arvesco network brings to the Group. Looking ahead After years of just surviving, the Group can now start to look forward to positioning itself for growth. It will require lots of hard work to build the Group into a sustainable business. Appreciation We have learnt to adapt and survive in a very difficult period. I would like to thank the Board, management, and staff of the various operations, for their dedication and hard work during another tough year. J Slabbert 31 May 2019
AFDAWN AR FINAL 2019
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