SANParks has reported record revenue of R4.1 billion (US$236.4 million) for the 2024/25 financial year –the first time the organisation has surpassed the R4 billion mark.
Addressing the Portfolio Committee on Forestry, Fisheries and the Environment, SANParks CEO Hapiloe Sello confirmed an 11% increase in revenue from R3.67 billion (US$211.6 million) in 2023/24 with 75% generated from commercial activities reflecting the success of the organisation’s business strategies.
SANParks reported a net cash balance of R2.7 billion (US$155.7 million) and remains in a positive solvency position with total assets exceeding total liabilities by R3.7 billion (US$213.3 million). Sello said these results demonstrate “strong financial health, underpinned by solid revenue growth, healthy liquidity and a resilient balance sheet”.
The organisation also received an unqualified audit opinion. The Auditor-General’s report noted significant improvements in annual financial statement quality and supply chain management with no material findings identified.
Operationally, SANParks met 86% of its performance targets, achieving 24 out of 28 goals with 18 exceeded.
Sello said SANParks’ performance proves its “unwavering commitment to conservation, sustainable development and community empowerment,” adding that the organisation continues to strengthen its role as “a cornerstone of South Africa’s environmental and socio-economic landscape.”
