GEN - General - Pro active monitoring of financial statements

GEN - General - Pro active monitoring of financial statements                   
PRO ACTIVE MONITORING OF FINANCIAL STATEMENTS                                   
In February 2011 the Johannesburg Stock Exchange ("JSE") announced that it would
commence a process of reviewing Annual Financial Statements for compliance with 
International Financial Reporting Standards ("IFRS"). The integrity of financial
information is a critical element of a well functioning market. The objective of
the review process is therefore to contribute towards the production of quality 
financial reporting of entities listed on the JSE.                              
The JSE wishes to announce that is has published a report which provides an     
overview of the proactive monitoring activities in 2011. This report is         
available on the JSE website.                                                   
This report is intended to be of interest to all market participants, including 
Issuers, investors, auditors, other regulators and the general public. It sets  
out the important points which came to our attention during the year with a view
to assisting Issuers when they prepare their next set of accounts. By presenting
the points in an uncomplicated manner we also hope that this will help demystify
IFRS for the public.                                                            
15 February 2012                                                                
Date: 15/02/2012 14:06:01 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department.