TRANSNET SOC LIMITED - Announcement of 2018 Audited Financial Statements

Announcement of 2018 Audited Financial Statements

TRANSNET SOC LTD

21 August 2018


TRANSNET SOC LTD. ANNOUNCEMENT OF 2018 AUDITED FINANCIAL STATEMENTS
- ISSUER CODE: BITRA

On the 20th of August, 2018 Transnet SOC Ltd. announced its Audited Annual financial results
for the year 2017/18.

Transnet SOC Ltd.’s Auditors issued a Qualified Opinion as there were certain irregularities
regarding compliance with the Public Finance Management Act of 1999 (Act No.1 of 1999) and
the Companies Act of South Africa, 2008 (Act No. 71 of 2008). The qualification was in respect
of Irregular Expenditure of R8,1 Billion.

The Auditors were unable to obtain sufficient appropriate audit evidence that the Irregular
Expenditure was complete and accurate due to the lack of the implementation and monitoring
of existing controls to identify and report on Irregular Expenditure.

The financial results are available on the Transnet SOC Ltd. website at:

https://www.transnet.net/InvestorRelations/Pages/Annual-Results-2018.aspx#

Yours faithfully



________________
B. E. GOTHA
Manager: Head of Compliance, Treasury




Transnet SOC Ltd              Carlton Centre        P.O. Box 72501
Registration Number           150 Commissioner      Parkview, Johannesburg
1990/000900/30                Street                South Africa, 2122
                              Johannesburg          T +27 11 308 3001
                              2001                  F +27 11 308 2638

Directors: Dr PS Molefe (Chairperson) SI Gama* (Group Chief Executive) UN Fikelepi RJ Ganda Prof EC Kieswetter ME Letlape DC Matshoga V McMenamin Adv OM Motaung   www.transnet.net
Dr FS Mufamadi AP Ramabulana GT Ramphaka LL von Zeuner
MS Mahomedy* (Acting Chief Financial Officer)
*Executive
Group Company Secretary: NE Khumalo

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