THE BIDVEST GROUP LIMITED - Voluntary disclosure external auditors remuneration

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

Date: 16/11/2016 04:25:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.