Page 6 - Cape-Camera-October-2022

October 2022 Cape Camera

Website members informed via Snapshot, organises many of our day
We are proud that our website was the winner of the PSSA 2022 outings and took on Cape Camera when Anna Engelhardt
club website competition. Most visited website pages are Com- stepped down.
petitions and the Newsletter. Storage & Archives
Cape Camera Trudi du Toit kindly manages the archives and has completed
During February Anna Engelhardt stepped down as Editor of the inventory of books in the CTPS storage in Ottery.
Cape Camera and her last Cape Camera was the January/Febru- The facility in Ottery is not ideal and the dust and humidity
ary 2022 edition. Andre Mouton, with the help of Council mem- has already damaged some of our valuable books. Cape Cam-
bers, took on the role of Editor. Cape Camera was the 1st runner era volumes bound as late as 2016/2017 had already become
up in the PSSA 2022 club magazine competition. damaged, even though they are stored in a box. A decision was
Snapshot made at our September Council meeting to immediately find
Snapshot emails are sent regularly to inform members of events more suitable storage and move the valuable items as soon as
taking place and other important information. The average possible.
open rate for Snapshots is 62.8%. Trudi identified about 70 books that could be classified as valu-
Council able or of historical value and about 50 books by “masters” or
pioneers of specific genres which could be kept for members
Council met monthly over the last year and kicked off the year to consult. These books are part of our heritage and should be
with a planning session on the 5th of December 2021. At this properly stored and preserved.
stage we have 8 Council members and all Council members had
to take on additional duties as not all portfolios were filled with Investments
members on Council. CTPS is lucky to have people who work Our investments are very capably handled by Richard Gold-
tirelessly to promote the Society. Without them we will strug- schmidt and he reported as follows:
gle to keep up the high standards that we have become accus- During the financial year of the 1st of August 2021 until the 31st
tomed to. of July 2022, our investments grew by R302 804,00 in our Allan
Council members Gray account, but dropped by R75 486,00 in our Sygnia invest-
ment account. We withdrew R100 000,00 from Allan Gray to
Lesley Parolis – Vice-President and Competitions Convener put towards funding our running costs over the financial year.
Lesley has this year in her calm and efficient way made running Globally, investments had many ups and downs throughout the
the competitions and salons look very easy when sometimes it year, due to turmoil in the financial markets, so in summary we
was quite challenging. had a bad year with a return of only 3.6%. Our Sygnia account in
Kim Stevens – Education and Development Convener the short term has not lived up to expectations as it has growth
Kim this year again managed to find speakers and topics of a shares like Facebook, Microsoft , Amazon, Netflix and many
high standard as previously mentioned in this report. more like companies in Europe and elsewhere in the world.
Margaret Collins – Secretary These technology companies have suffered a great decline in
the first half of 2022, as most of you will be aware from your own
Margaret, despite a demanding day job, keeps us all organized. investments. They will recover in time, and we are not consider-
Her diary, minutes and correspondence are of the highest qual- ing the sale of our Sygnia Assets and thus locking-in losses.
ity – it is great to have a perfectionist in the team. We remain invested in a range of Allan Gray and Foord prod-
Anna Engelhardt – Editor, Cape Camera ucts, as well as a small investment in Satrix. We have made one
Anna has due to personal circumstances stepped down as small change during the year by decreasing our foreign hold-
editor of Cape Camera and will not be available for re-election. ings in Foord and switching them into local holdings in Foord.
Anna produced a magazine that we were all proud of and en- Our total investment as at 31st July 2022 was R6 461 210. On
joyed to read. We will miss her contribution on Council. the surface it appears that 36% of that is invested outside South
Nicol du Toit – Treasurer Africa. As our local unit trusts are permitted to invest some of
Nicol managed our financial affairs tightly and efficiently as we their funds overseas, it is difficult to arrive at an accurate foreign
have become used to by now. This year as for many years now investment, but it is more likely to be between 40% and 50%.
we have received an unqualified audit. We could be classified as a moderate to high risk client, which is
appropriate for CTPS as a long term investor with no liabilities
Mike de Villiers – Venue Manager at present.
Mike calmly takes everything in his stride when managing our Lastly, I would like to thank all our members for their participa-
venue. The improvements to the stands for our prints and light tion and support over the year.
box, do not go unnoticed and is appreciated. Jacoba van Zyl
Andre Mouton – Webmaster, design and communication President
Andre is our all-rounder. He kept our website up to date, keeps

6 Cape Town Photographic Society