About this report

REPORTING APPROACH

We are pleased to present our integrated annual report to our stakeholders. This report is primarily written for our shareholders but it is also helpful to our other stakeholders interested in our ability to ensure a sustainable business into the future. This report provides a consolidated review of our financial, economic, social and environmental performance on matters material to our strategy and our ability to create and sustain value.

The financial and other information has been prepared in accordance with the requirements of IFRS, the South African Companies Act 2008, the JSE Listings Requirements, King IVTM* and the international <IR> framework as applicable.

The group is continuously improving its combined assurance model. Assurance for elements of this integrated annual report has been provided through a combination of external and internal sources which will become more formalised in line with future guidance from the IIRC.

SCOPE AND BOUNDARIES

The contents of this document addresses material issues for all our subsidiaries, associates and joint ventures and covers the period from 1 April 2017 to 31 March 2018 except where material transactions have occurred post-year end. The process we utilised in determining and applying materiality is included on page 27 of the report. Non-financial disclosures, except for environmental disclosures, focus on the South African operations, which generate 96% of our income. The scope and boundaries of environmental disclosures are defined on page 49.

FINANCIAL STATEMENTS

The full set of consolidated annual financial statements, including the report from our audit and risk committee and directors' report, are available online or can be requested directly from our Company Secretary at companysecretary@tsogosun.com.

BOARD APPROVAL

The board, assisted by the audit and risk committee, is ultimately responsible for overseeing the preparation, presentation and integrity of the integrated annual report. This was achieved through the setting up of a sub-committee of the audit and risk committee to oversee the reporting process. The directors confirm that they have collectively reviewed the output of the reporting process and the content of the integrated annual report. The directors believe that this integrated annual report addresses the material issues and is a fair presentation of the integrated performance of the group in accordance with the international <IR> framework, and therefore approve the report for release. We welcome any feedback at investors@tsogosun.com.

  • John Copelyn
    Chairman
  • J Booysen
    Chief Executive Officer

* Copyright and trademarks are owned by the Institute of Directors in Southern Africa NPC and all of its rights are reserved

FORWARD LOOKING STATEMENTS

Certain statements in this document may constitute ‘forward looking statements’. Such forward looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of Tsogo Sun Holdings Limited and its subsidiaries to be materially different from the future results, performance or achievements expressed or implied by such forward looking statements.

The company undertakes no obligation to update publicly or release any revisions to these forward looking statements to reflect events or circumstances after the date of this document, or to reflect the occurrence of anticipated events. These have not been reviewed or reported on by the group’s auditors.

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  • Further reading relevant within this report.
  • Find more detailed information on our website relating to Tsogo Sun and our integrated annual report.
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  • Scan the QR code to download the annual financial statements to your smartphone, tablet or e-reader.

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