In the 12 months under review, Impahla
purchased assets to the value of R7.6
million. This was as a result of the strategic
move to vertically integrate throughout the
supply chain as well as Impahla’s desire to
increase its technological and productive
competitiveness and efficiency. Of this total,
R5.3 million was financed from existing
cash flow, and the balance was as a result
of a dual agreement between a loan from a
shareholder and a share transfer. As noted
earlier, cash and cash equivalents have
consequently been reduced by 27% from
R2.6 million to R1.9 million. Furthermore,
Impahla has managed to significantly reduce
its directors’ loans by 58% since 2011/2012.