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The Judgement

The Judgement was read out in court on the 6th November 2009.
The official transcript of the Judgement was released on 8 February 2010.

 Download a copy of the Judgement as a PDF.

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Financial Statements of 2008.

SARRAL held an Annual General Meeting at its offices on Friday 18 December 2008. Those few who attended received a copy of SARRAL's 2008 Financial Statements. These have not been posted to members. They are not yet available at SARRAL's website (as of February 2010).

In these latest Statements, royalties are still treated as SARRAL's revenue. The judge ruled that this was incorrect.

Operating expenses remained high (over R4.54 million) at over 47% of total collections plus income from interest received (R9.57 million). The judge ruled that SARRAL was only entitled to retain a commission of 7.5% (9% for some members) of the gross total of royalties collected.

 Download a copy of SARRAL's Financial Statements 2008 as a PDF.

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