Directors' responsibility statement
for the year ended 30 June 2016
The Directors are responsible for the preparation, integrity and fair presentation of the Annual Financial Statements of the Group as presented on pages 12 to 80. These annual financial statements have been prepared in accordance with IFRS, the Companies Act and the JSE Limited Listings Requirements; and include amounts based on judgements and estimates made by management.
The Directors are also responsible for the Group’s system of internal financial controls. These controls are designed to provide reasonable, but not absolute, assurance as to the reliability of the Group Annual Financial Statements, and to adequately safeguard, verify and maintain accountability of the assets and to prevent and detect misstatement and loss.
Based on results of the reviews of the internal financial controls conducted by the internal audit function during the 2016 financial year and considering the information and explanations provided by management and discussions with the external auditor on the results of the audit, and assessed by the Audit and Risk Committee, nothing has come to the attention of the Directors to indicate that any material breakdown in the functioning of the overall system of controls has occurred during the period under review.
The going concern basis has been adopted in preparing the Group Annual Financial Statements. The Directors have no reason to believe that the Group will not be a going concern in the foreseeable future based on review of forecasts and budgets and available cash resources. The Group Annual Financial Statements support the viability of the Company and the Group. Furthermore, the Group has secured banking facilities which are in excess of the Groups funding requirements for the foreseeable future.
The Group Annual Financial Statements have been audited by PricewaterhouseCoopers Inc. which is an independent accounting and auditing firm, which was given unrestricted access to all financial records and related data, including minutes of all meetings of the shareholders, the Board of Directors and Committees of the Board. The Directors believe that all representations made to the auditor during the audit were valid and appropriate.
The audit opinion of PricewaterhouseCoopers Inc. appears in the report of the independent auditor.
The Board acknowledges its responsibility to ensure the integrity of the Integrated Annual Report. The Directors confirm that they have collectively reviewed the content of this report and believe it addresses material issues and is a fair presentation of the integrated performance of the Group.
The Group Annual Financial Statements have been approved by the Board of Directors and signed on 14 September 2016.
| Hannes Boonzaaier | Antoine Van Buuren |
| Group Chief Financial Officer | Group Chief Executive Officer |
Declaration by Company Secretary
In terms of section 88(2) (e) of the Companies Act No 71 of 2008, I declare that to the best of my knowledge and belief, the Company has lodged with the Registrar of Companies all such returns as are required of a public company in terms of the South African Companies Act No 71 of 2008 and that all such returns are true, correct and up to date.
Shireen Lutchan
Company Secretary
14 September 2016