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THE THEKWINI FUND 14 (RF) LIMITED - The Thekwini Fund 14 (RF) Limited - Notification Of Change Of Auditor

Release Date: 29/10/2019 16:55
Wrap Text
The Thekwini Fund 14 (RF) Limited - Notification Of Change Of Auditor

The Thekwini Fund 14 (RF) Limited
(incorporated with limited liability in the Republic of South
Africa)

Instrument Code:    TH14A2   ISIN: ZAG000140443
Instrument Code:    TH14A6   ISIN: ZAG000141946
Instrument Code:    T14A10   ISIN: ZAG000143827


THE THEKWINI FUND 14 (RF) LIMITED (“THE COMPANY”) -
NOTIFICATION OF CHANGE OF AUDITOR IN TERMS OF PARAGRAPH 7.16
OF THE JSE DEBT LISTING REQUIREMENTS

In June 2017, the Independent Regulatory Board of Auditors
published a rule prescribing that auditors of public interest
entities in South Africa must comply with mandatory audit firm
rotation whereby audit firms shall not serve as the appointed
auditor of a public interest entity for more than 10
consecutive years, with effect from 1 April 2023. Given the
aforementioned and prevailing market practice the Issuer has
resolved to early adopt MAFR.

The Issuer wishes to inform the holders of debt securities
that, following a comprehensive tender process, Ernst & Young
has been appointed as the new external auditor effective 18
October 2019. Consequently, Deloitte & Touche (“Deloitte”) has
not been re-appointed as the Company’s external auditor.

The Company would like to thank Deloitte for the services
provided and the value added over the past years.

29 October 2019

Debt Sponsor
The Standard Bank of South Africa Limited

Date: 29/10/2019 04:55:00
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