TRANS-CALEDON TUNNEL AUTHORITY (TCTA) - TCTA: Further Disclosure relating to the delay in the release of TCTA's 2018/19 Annual Financial Statements

TCTA:  Further Disclosure relating to the delay in the release of TCTA's 2018/19 Annual Financial Statements

                                                                                                                      

    Trans-Caledon Tunnel Authority (TCTA)
    WSP4 (LHWP)   ZAG000020009
    WSP5 (LHWP)   ZAG000020017
    
    As established by Notice No 2631 in Government Gazette No 10545 of 12 December 1986, and revised by
    Notice No 277 in Government Gazette No 21017 of 24 March 2000 (the Notice of Establishment).
    A Schedule 2 Public Finance Management Act No. 1 of 1999 (PFMA) entity.
     
    FURTHER DISCLOSURES RELATING TO THE DELAY IN THE RELEASE OF TCTA’S 2018/19 ANNUAL
    FINANCIAL STATEMENTS


    TCTA’s SENS announcements of 31 October 2019 and 11 November 2019 (titled: Further Update on the
    Delay in the Release of TCTA’s 2018/19 Annual Financial Statements) and 29 November 2019 (titled: Delay
    in the Release of Annual Financial Statements (AFS)) have reference.

    The Auditor General has concluded the audit process and an audit report dated 20 December 2019,
    was submitted to TCTA. The Integrated Annual Report will be presented to the Board for approval
    on 30 January 2020.

    In terms of S65 of the PFMA, the Minister must table the Integrated Annual Report to Parliament
    within one month of receipt of the audit report. Since it is the festive season and Parliament is
    currently in recess, TCTA expects Parliament to open in the first week of February 2020 and the
    Annual Integrated Report to be tabled in Parliament by the Minister by mid- February.

    A further extension to 20 February 2020 to release TCTA’s Annual Financial Statements was
    requested by the Minister and granted by the JSE.


   
   Darshana Jeeva, TCTA Sponsor +27 12 683 1331, djeeva@tcta.co.za
   Media Queries - Wanda Mkutshulwa, Head of Communications +27 12 683 1378, wmkutshulwa@tcta.co.za

   31 December 2019



Date: 31-12-2019 12:06:00
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