INTEGRATED REPORT FOR THE 2016 FINANCIAL YEAR END
I hereby acknowledge that the Integrated Report of the Industrial Development Corporation of South Africa Limited (the IDC) has been submitted to the Auditor-General for auditing in terms section 55(1)(c) of the PFMA.
I acknowledge my responsibility for the accuracy of the accounting records and the fair presentation of the financial statements and confirm, to the best of my knowledge, the following:
ANNUAL FINANCIAL STATEMENTS
The financial statements have been prepared in accordance with International Financial Reporting Standards (IFRS). All amounts and information in the Integrated Report are consistent with the financial statements submitted to the auditors for audit purposes.
The performance information fairly reflects the operations, and actual output against planned targets for performance indicators as per the Corporate Plan of the IDC for the financial year ended 31 March 2016. The performance information has been reported on in accordance with the requirements of the guidelines on annual reports as issued by National Treasury. A system of internal control has been designed to provide reasonable assurance as to the integrity and reliability of performance information.
HUMAN RESOURCE MANAGEMENT
The human resource information contained in the respective tables in the integrated report, fairly reflects the information of the IDC for the financial year ended 31 March 2016.
IN RESPECT OF MATERIAL ISSUES
The Integrated Report is complete, accurate and free from any omissions.
30 June 2016
30 June 2016