DIRECTORS’ STATEMENT
OF RESPONSIBILITY AND APPROVAL
OF THE CONSOLIDATED AND SEPARATE
ANNUAL FINANCIAL STATEMENTS

The directors are responsible for the preparation and integrity of the consolidated and separate annual financial statements of the company and other information included in this report that has been prepared in accordance with International Financial Reporting Standards and the requirements of the Companies Act of South Africa. In addition, the directors are responsible for preparing the directorsí report.

The directors, supported by the Audit and Compliance Committee, are of the opinion, based on the information and explanations given by management and the internal auditors and on comment by the independent external auditor on the results of the statutory audit, that the groupís internal accounting controls are adequate, so that the financial records may be relied upon for preparing the financial statements and maintaining accountability for assets and liabilities. The directors believe that the groupís assets are protected and used as intended in all material respects with appropriate authorisation. Nothing has come to the attention of the directors to indicate that any material breakdown in the functioning of these controls, procedures and systems has occurred during the year.

In preparing the financial statements, the group has used appropriate accounting policies, supported by reasonable and prudent judgements and estimates, and has complied with all applicable accounting standards. The directors are of the opinion that the financial statements fairly present the financial position of the group at 31 March 2017 and the results of its operations for the year then ended. The directors are also of the opinion that the group will continue as a going concern in the year ahead.

The independent external auditors concur with the above statements by the directors.

The groupís independent external auditors, Deloitte & Touche, have audited the financial statements and their unmodified report appears here.

The consolidated and separate annual financial statements were approved by the board of directors on 25 May 2017 and are signed on its behalf by:


Bahle Sibisi

Chairman


Peter Staude

Chief Executive Officer

Amanzimnyama
Tongaat, KwaZulu-Natal

25 May 2017