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INTERWASTE HOLDINGS LIMITED - Appeal against directive by Department of Environmental Affairs

Release Date: 17/02/2017 17:38
Code(s): IWE     PDF:  
Wrap Text
Appeal against directive by Department of Environmental Affairs

Interwaste Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 2006/037223/06)
JSE code: IWE
ISIN: ZAE000097903
(“the Company”)

APPEAL AGAINST DIRECTIVE BY DEPARTMENT OF ENVIRONMENTAL AFFAIRS

Shareholders are advised that the Department of Environmental Affairs (“DEA”) has
served a directive on Inter-Waste (Pty) Ltd (“Interwaste”), the main operating subsidiary
of the Company, requiring the cessation of waste disposal facilities at the FG Landfill
with effect from 18 February 2017.

The DEA has issued the directive based on complaints from the community regarding air
pollution allegedly emanating from the landfill.

Interwaste has commissioned a number of scientific studies on emissions from the
landfill, most of which were conducted by independent third parties. The results of those
studies refute the allegations of air pollution.

Interwaste has therefore appealed against the directive to the Minister of Environmental
Affairs which appeal, according to independent legal advice, suspends the operation of
the directive.

Based on the advice it has received, Interwaste is confident that the matter will be
resolved in its favour in due course and that the landfill will continue operating for the
foreseeable future. However, Interwaste has alternative waste disposal facilities
available, including the newly constructed Klinkerstene Landfill, and has access to third
party facilities, in the event that it is required to divert waste streams from the FG Landfill
site.

Shareholders will be advised of any further developments.


17 February 2017
Johannesburg

Sponsor
Grindrod Bank

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