| Front Cover | 3 |
| Chairman's Report | 7 |
| Anton van Wouw | 10 |
| Hugo Naudé | 12 |
| Pieter Wenning | 16 |
| JH Pierneef | 20 |
| Dorothy Kay | 24 |
| Maggie Laubser | 26 |
| Irma Stern | 28 |
| Maurice van Essche | 34 |
| Walter Battiss | 36 |
| Rosamund Everard-Steenkamp | 38 |
| Gregoire Boonzaier | 40 |
| Alexis Preller | 42 |
| George Pemba | 44 |
| Gerard Sekoto | 46 |
| Robert Hodgins | 48 |
| Johannes Meintjies | 50 |
| Cecil Skotnes | 52 |
| Christo Coetzee | 54 |
| David Goldblatt | 56 |
| Lucas Sithole | 58 |
| Sydney Kumalo | 60 |
| Lucky Sibiya | 62 |
| William Kentridge | 64 |
| Jane Alexander | 66 |
| Ceramics | 68 |
| Silver | 70 |
| Furniture | 78 |
| Glass | 76 |
| Highlights February 2012 | 78 |