The directors acknowledge the importance of sound corporate governance and the guidelines set out in the King IV Report on Corporate Governance for South Africa and recommended practices set out in part 5 of the report. The directors therefore embrace the King IV as far as it is appropriate, having regard for the size and nature of the various companies making up the group. The board will continue to take such measures as are practicable to comply with the King IV.

We are committed to upholding the highest standards of ethics, transparency and good governance in the interests of all our stakeholders and we adopt stringent compliance practices.

The board is ultimately responsible for the group’s governance, ethics and values and is supported in this regard by the social and ethics committee.