Audit and risk committee report
for the year ended 30 September 2009

   
 

TO THE MEMBERS OF REUNERT LIMITED

The audit and risk committee has pleasure in submitting this report, as required in terms of the Companies Act (No 61 of 1973), as amended. The audit and risk committee consists only of non-executive directors who act independently as described in section 269A of the Companies Act.

During the year under review four audit and risk committee meetings were held. At these meetings the committee performed its duties in respect of the group, its divisions and subsidiaries as required in terms of the Companies Act, the audit and risk committee’s charter and in accordance with its mandate as approved by the board. A detailed list of the functions and duties of the committee is contained in the corporate governance section of the report.

The audit and risk committee has satisfied itself that the external auditors of the group, its divisions and subsidiaries are independent as Companies Act and are thereby able to conduct their audit functions without any influence from the group.

The audit and risk committee has satisfied itself that the external auditors of the group, its divisions and subsidiaries are independent as defined in the Companies Act and are thereby able to conduct their audit functions without any influence from the group.

Kingsley Fuller
Chairman of audit and risk committee
17 November 2009