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Isaziso somhlangano ovulelekile waminyaka yonke Abanikazimasheya bayamenywa ukuba bahlanganyele nabaqondisis nabaphathi be-ABIL esithangamini sokucobelelana ngolwazi nokuyoxoxwa kuso ngobunikazi bamasheya nenzuzo eyisehlakaniso yabanikazimasheya. Usuku lwalomhlangano ngumhla ka-26 February 2004 ngehora leshumi ekuseni. LESI SAZISO SIBALULEKILE KANTI SIDINGA UKUBA USINAKE NGOKUSHESHA Uma unokungaba ngokufanele ukwenze, sicela uxhumane nomdayisi wezabelo wakho, usobangi, umcwaningi mabhuku, umeluleki wezomthetho noma omunye usochwepheshe wezokweluleka ngokushesha. African Bank Investments Limited (Ibhaliswe eRiphabhulikhi yaseNingizimu Afrika) (Inombolo yokubhaliswa ngu-1946/021193/06) (“inkampani”) Uyaziswa ngomhlangano ovulelekile waminyaka yonke wabanikazimasheya enkampani, ozoba ngomhla ka 26 February 2004 ngo 11:00 emahhovisi e-African Bank Limited, 59 16th Road, Midrand ngenhloso yokwenza umsebenzi olandelayo: 1. Ukwamukela nokucubungula izitatimende zezimali zonyaka ophele ngomhla ka 30 kuSeptember 2003. 2. Ukubheka wonke amanye amaphuzu athinta inkampani, okuthi ngokwezimiso zokusungulwa kwenkampani angathathwa ngokuthi ayimisebenzi ekhethekile enkampanini. 3. Ukubheka kuthi lapho kunesidingo kuphasiswe izinqumo ezilandelayo ngemuva kokuba seziguquliwe noma ngaphandle kokuguqulwa. 4. Isinqumo esejwayelekile esingunombolo 1 4.1 SATHI isinqumo esimayelana nokwesula ezikhundleni kanye nokuqokwa kwabaqondisi ababalulwe kupharagrafu 4.2 ngezansi, sithathwe njengesinqumo esisodwa ephuzwini lokuthi uma kuba khona ukuphikisa, ukwesula noma ukuqokwa kwalowo nalowo mqondisi okukhulunywa ngaye ku-4.2 ngezansi kuzobhekelwa ngakunye futhi kuxazululwe ngokwehlukana. 4.2 SATHI njengoba: 4.2.1 uAshley Tugendhaft, Brian Paxton Furbank Steele, Thamsanqa Mthunzi Sokutu, Günter Zeno Steffens, Ramani Naidoo, David Braidwood Gibbon, Bahle Dawn Goba, Angus George Herselman no-Antonio Fourie kudingeka bashiye ezikhundleni njengabaqondisi benkampani kulomhlangano ovulelekile lokhu bekwenza ngokulandela usomqulu wezimiso zenkampani; kanye 4.2.2 laba bantu bayazinikela ekutheni bangaphinde bakhethwe njengabaqondisi benkampani, uAshley Tugendhaft, Brian Paxton Furbank Steele, Thamsanqa Mthunzi Sokutu, Günter Zeno Steffens, Ramani Naidoo, David Braidwood Gibbon, Bahle Dawn Goba, Angus George Herselman no-Antonio Fouriengako bazobuyiselwa ezikhundeni zabo ngokushesha. Ama-curriculum vitae alabaqondisi abonakala ekupheleni kwalesaziso. 5. Isinqumo esejwayelekile esingunombolo 2 SATHI wonke amasheya enkampani angakhishiwe awenganyelwe ngabaqondisi benkampani nabanegunya lokukhipha athile kuwona noma wonke njengoba bengahle banqume ngokulandela izimiso nemibandela: 5.1 yeSigaba sama-221 nesama-222 soMthetho weziNkampani, uNombolo 61 ka-1973 njengoba uchitshiyelwe (“Umthetho weziNkampani”); 5.2 yezokubhaliswa kwezinkampani eJSE Securities Exchange (“iJSE”) Listings Requirements (“iJSE Listing Requirements”); kanye 5.3 noMthetho wamaBhangi, uNombolo 94 ka-1990 njengoba uchitshiyelwe (“Umthetho lwamaBhangi”) yinqobo uma kungekho lutho oluzonika abaqondisi igunya lokukhipha amasheya aqondene nezimali zokuqhuba ibhizinisi lenkampani lapho ezokhokhelwa imali ewukheshi. African Bank Investments Limited 142
6. Isinqumo esejwayelekile esingunombolo 3 SATHI abaqondisi bayoba namandla okukhokhela abanikazi bamasheya uma bona abaqondisi bekubona kufanele lokho kanti kuyokwenzeka ngendlela elandelayo: 6.1. Lelo gunya liyosebenza kuze kushaye isikhathi somhlangano olandelayo ovulelekile waminyaka yonke noma liyosebenza izinyanga eziyishumi nanhlanu ukusuka ngelanga okuthathwe ngalo isinqumo kuye ngokuthi yikuphi okunesikhathi esifishane; 6.2 nanoma yikuphi ukukhokha okwenziwayo, onyakeni wezimali owodwa, akukwazi ukweqa amaphesenti angama-20 emali eyenziwe yinkampani ngokuthengisa amasheya ayo, sekuhlanganisa nezimali ezilondoloziwe kodwa kungabalwa: 6.2.1 inzalo yedlanzana; kanye 6.2.2 nemibiko yokuhlolwa kwempahla nempahla engaphatheki ngenhloso yokuyinika inani eyenziwe ngumuntu ongungoti owemukelekayo eJSE nelungiswe esikhathini ezingekho ngaphezu kwezinyanga eziyisithupha ezedlule, njengoba ikalwe ekuqaleni kwalowo nyaka wezimali; kanye 6.3 noma yikuphi ukukhokhelwa kuyokwenziwa ngokusebenza kubobonke abanikazi-masheya; kanye 6.4 nanoma yikuphi ukukhokhwa kwemali okwenziwayo kuyokwenziwa ngokulandela: 6.4.1 uMthetho weziNkampani; 6.4.2 imibandela yokubhaliswa kwezinkampani eJSE neminye imithetho esebenza khona njengoba ingahle iguqulwe; kanye 6.4.3 nanoma yimuphi omunye umthetho obekiwe. Ngesikhathi sokukhishwa kwalesi saziso ibhodi labaqondisi belingenazinhloso zokukhokhela abanikazimasheya enkampani imali. Kodwa-ke kuyaphakanyiswa, ukuba kuphasiswe isinqumo esejwayelekile esingunombolo 3, abaqondisi benkampani bakholwa wukuthi ukwenza lokho kungaba nomthelela omuhle enkampanini. Abaqondisi akukho mali abayoyikhokhela abanikazimasheya, uma abaqondisi bethe lapho bebheka bathola ukuthi kunezizathu ezenele ezenza bakholwe wukuthi ukukhokha leyo mali kuzoholela ekutheni kubenemiphumela ebalulwe kupharagrafu 13.4.1, 13.4.2, 13.4.3, 13.4.4, walesi saziso. Ngaphezu kwalokho akukho mali eyokhokhwa ngokulandela isinqumo esejwayelekile esingunombolo 3 ngaphandle uma abaxhasi benkampani kanye nethimba labaphathi abaphezulu (group) benike iJSE incwadi echaza ngokwenela kwezimali zokuqhuba umsebenzi wenkampani njengoba kuveza izimiso zokubhaliswa kwezinkampani eJSE. 6.5 Abanikazi bamasheya bayalelwa ukuba babheke emakhasini 75 no-91 ukuya ku-95 kanye no-153 ukuya ku-156 ombiko wonyaka lesi saziso esihlanganiswe nawo wolwazi olwejwayelekile mayelana nenkampani, abaqondisi bayo kanye nezikhulu kanye nabanikazimasheya ababalulekile. 7. Isinqumo esejwayelekile esingunombolo 4 SATHI: 7.1 Ngokwezimiso zesigatshana 37 kusomqulu wezimiso zenkampani futhi kusukela ekupheleni kosuku obekubanjwe ngalo lo mhlangano, i-akhawunti yamasheya enkampani (kubangabalwa ishare premium) engu-R12 428 889,10 ayincishishwe ngo-R500 000,00 iye ku-R11 928 889,10 ngokuthi kwesulwe amasheya e-ABIL angu-20 000 000 nasegameni le-Standard General Insurance Company Limited, okuwuphiko oluyigxenye yenkampani; 7.2 akukho mali eyokhokhelwa iStandard General Insurance Company Limited ngenxa yokwesulwa kwalawo masheya. 8. Izizathu zesinqumo esejwayelekile esingunombolo 4 Isizathu sesinqumo esejwayelekile esingunombolo 4 ngukuchitha amasheya ezimali naphethwe yiStandard General Insurance Company, nenguphiko oluyingxenye ephethwe ngokuphelele yinkampani. Lamasheya atholakala ngokwegunya elejwayelekile ukubuyisela amasheya emuva. 9. Isinqumo esejwayelekile esingunombolo 5 SATHI abe-Deliotte & Touche abaphinde baqokwe ukuba babe ngabacubunguli mabhuku enkampani, saphinde sanika abaqondisi igunya lokunquma ukuthi abacubunguli bamabhuku bazokhokhelwa malini. 143 African Bank Investments Limited
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African Bank Investments Limited AN
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2,5 2,0 1,5 1,0 0,5 0 JSE statistic
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Five-year history Four-year compoun
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Features 35 30 25 20 15 10 5 0 Head
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Focus and strategy The focus of the
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Profile African Bank Investments Li
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1994 Formation of investment trust
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Performance against key objectives
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Short to medium-term objectives OBJ
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African Bank Investments Limited We
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Letter to stakeholders ABIL believe
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Incwadi eya kwabanezabelo iqhutshiw
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Currency adjusted group balance she
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Management discussion Overview Key
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12 months ended 12 months ended 30
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Capital adequacy model Non-performi
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8 000 7 000 6 000 5 000 4 000 3 000
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Sales analysis - number and average
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excluding the Saambou PLB acquisiti
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The improved credit conditions are
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ook and the written-off book. To th
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Statement of average balances Weigh
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Divisional reports Operationally, A
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collection strike rates, which has
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ABIL also expanded its portfolio to
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Collections business unit. Its most
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Issue arising Corrective action req
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Skills and experience of the board
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Corporate governance continued regu
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from the committee responsible for
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that the risk policies and strategi
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Table 1: Remuneration and fees Serv
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Risk review ABIL views risk as an i
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Risk review continued Undesirable r
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Top ten risks Mitigating factors Ri
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Credit risk African Bank Retail Cre
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on a regular basis to ensure proper
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Social commitment Given the nature
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Embarking on a journey The process
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The progress The corporate social c
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Shareholders’ information Number
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agreements, to ensure that the mate
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The interest rate charged is determ
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Continued effort and focus will go
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services of the best employees. The
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The African Bank Foundation accepts
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Index to global reporting initiativ
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Directors’ responsibility The dir
Page 109 and 110: Directors’ report 30 September 20
Page 111 and 112: INTEREST OF THE DIRECTORS IN THE SH
Page 113 and 114: n4 The strike prices of the share o
Page 115 and 116: Income statement for the year ended
Page 117 and 118: Cash flow statement for the year en
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Page 123 and 124: Group Company 2003 2002 2003 2002 R
Page 129 and 130: 111 Group 2003 2002 R000 R000 12. L
Page 135 and 136: 117 Group 2003 2002 R000 R000 25. R
Page 139 and 140: One to Four to Beyond Non-interest
Page 141 and 142: One to Four to Beyond Up to one thr
Page 143 and 144: 125 Group 2003 2002 R000 R000 37. O
Page 145 and 146: Appendix B Investments in associate
Page 147 and 148: Appendix D Segmental advances and p
Page 149 and 150: Appendix F Group structure and prof
Page 151 and 152: 3.4.4 ensure that a comprehensive s
Page 153 and 154: 7.4.3 All directors are required to
Page 155 and 156: 6.3 any general payment shall be ma
Page 157 and 158: 13.6 Any repurchases shall comply w
Page 159: DIRECTORS’ CURRICULUM VITAES Anto
Page 163 and 164: 12.9.1 kuyokwenziwa ngokulandela uM
Page 165 and 166: 16. Ukuvota nezithunywa Bonke abani
Page 167 and 168: Form of proxy AFRICAN BANK INVESTME
Page 169 and 170: Ifomu yokuqoka isithunywa esizokume
Page 171 and 172: Members of the ABIL board ASHLEY SE
Page 173 and 174: RAMANI NAIDOO (41) BA LLB Non-execu
Page 175 and 176: Corporate information COMPANY REGIS
Page 177 and 178: GRAPHICOR 30006
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