THE BIDVEST GROUP LIMITED - Voluntary disclosure external auditors remuneration
BVT 201611160055A
Voluntary disclosure – external auditors remuneration
THE BIDVEST GROUP LIMITED
(“Bidvest”) or (“Group”)
(Registration number 1946/021180/06)
Share code: BVT
ISIN ZAE 000117321
VOLUNTARY DISCLOSURE – EXTERNAL AUDITORS REMUNERATION
In the spirit of good corporate governance it has been decided to provide all
stakeholders of Bidvest additional information relating to the external audit fees paid
to the service providers for the year ended June 30 2016.
It is noted that the detailed information provided is not required to be disclosed in
terms of the Companies Act 71 of 2008, as amended, JSE Regulations, IFRS and King
III and is a voluntary disclosure by Bidvest.
Auditors remuneration (Continuing operations):
2016 Total 2016 2016 Other 2015 re-
(R’000) Deloitte auditors presented
(R’000) (R’000) (R’000)
Total paid 67 501 61 592 5 909 67 794
Audit fees 61 026 57 589 3 437 58 325
Other attest 3 447 1 937 1 510 2 703
services
Consulting fees 1 785 1 665 120 5 658
Taxation services 1 243 401 842 1 108
The Group Audit Committee have, as required in terms of Section 94 of the
Companies Act, reviewed the independence of the external auditors, and determined
the auditors’ remuneration. The Group Audit Committee also pre-approves all non-
audit services, and considered these services during their assessment of the auditors’
independence. The Group Audit Committee has assessed the quality of the audit to
ensure reasonable and appropriate remuneration.
Date: November 16 2016
Johannesburg
Sponsor: Investec
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