Students and teachers have a range of perceptions of Physical Education and how it affects students and their learning. Past research has indicated that Physical Education can influence students‟ academic results as well as their physical development. This study identified and investigated the perceptions of students and teachers towards Physical Education and its effect on the students and their learning at one school. Through the use of semi-structured interviews, questionnaires, observations and member-checking surveys, students and teachers shared their perceptions of Physical Education. These perceptions show that teachers and students believe that Physical Education has not only physical benefits for students, but that Physical Education can also positively influence students mentally, emotionally and socially. The social aspect of Physical Education is perceived to be either positive or negative for students depending on how the teacher manages the class. Many students and teachers perceived Physical Education to be enjoyable for students and beneficial to their development. Physical Education has the potential to impact students on a spiritual level although the degree to which this occurs is difficult to determine. This study also showed that the way Physical Education is timetabled and taught can have an impact on the way students and teachers perceive this curriculum area.