About this report


Statement of the board of directors on the 2012 integrated annual report

As required by King III, the audit committee has reviewed the Integrated Annual Report and the Board has reviewed and approved the report.

The summarised Annual Financial Statements are prepared in accordance with International Financial Reporting Standards (IFRS) and the South African Companies Act no. 71 of 2008, as amended.

The Integrated Annual Report and summarised Annual Financial Statements fairly reflect, in our opinion, the true financial position of the Group at 29 February 2012 and its performance for the year.

On behalf of the Board

Gareth Ackerman

Cape Town
10 May 2012