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Isaziso somhlangano ovulelekile waminyaka yonke (siqhutshiwe) leyo nzuzo (okubandakanya nendlela ebalulwe esigatshaneni 23.13 kodwa kungagcini kuyona), kanti esimeni lapho kuba nobunzima ngokuphathelene nokwabiwa, bangathatha indlela abazoyibona ifanele kokunye banqume inani lokwaba leyo mpahla noma ingxenye yayo, bese benquma ukuthi imali ewukheshi iyokhokhwa kunoma yimaphi amalungu ekukhokhweni kwesamba senani elinqunyiwe ukuze kuhlelwe kahle amalungelo abo bonke abathintekayo futhi banganikezela leyo mpahla kuma-trustee angabe ebonwe yilabo bantu okumele bathole inzuzo njengazobasebenzela kangcono”. 14.2 kushuthekwe ingxenye edwetshelwe emushweni wesithathu esigatshaneni 23.4 “Zonke izimali zenzuzo eyisahlukaniso ezingathathiwe ngabanikazi zingalondolozwa noma zisetshenziswe ngabaqondisi ngendlela ezozuzisa inkampani kuze kube sezithathiwe ngabanikazi, yinqobo uma lezo mali kuwukuthi zisagcinwe isikhathi esingaphansi kweminyaka eyishumi nambili ukusuka osukwini okwakumele ziye ngalo kubanikazi kanti azikaze zephucwe abanikazi phambilini, zingathathwa ngabaqondisi ngenhloso yokuzuzisa inkampani yinkani uma lezo mali zenzuzo eyisahlukaniso zizogcinwa esikhwameni se-trust ngendlela evezwe esigatshaneni 23.13, isikhathi seminyaka eyishumi nambili esibalelwa lezi mali siyoqala lapho imali ehlanganiswe okumele ikhokhele amalungu seyedlula inani eliphansi elibekiwe njengoba kuhlongozwa esigatshaneni 23.13”. 14.3 kwegxenye edwetshelwe emushweni wokuqala wesigatshana 23.10: “23.10 Layo naleyo nzalo eyisehlukaniso, inzalo eyejwayelekile kanye nezinye izimali okumele zikhokhelwe abanikazimasheya, zingakhokhwa ngesheke, iwaranti noma ngekhuphoni nangezinye izindlela ezinganqunywa ngabaqondisi ngokuhamba kwesikhathi (okubandakanya nendlela ebalulwe esigatshaneni 23.13 kodwa kungagcini kuyona), kanti kungathi lapho ikhokhwe ngezinye izindlela okungabandakanyi eyekhuphoni, ithunyelwe ekhelini lokugcila elalibhaliswe yilungu noma ekhelini ilunga elicele ukuba ithunyelwe kulona, lapho kunabanikazi abahlanganyele iyothunyelwa kulowo obhalwe kuqala kwi-register yalobo bunikazi obuhlangene, ukukhokha okwenziwa ngesheke noma ngewaranti uma kuvunywe ngokomthetho noma ukwethulwa kwanoma yiliphi ikhuphoni nakho kuyovunywa kwamukelwe yinkampani”. 14.4 ukufakwa kwale ngxenye njengesigatshana sama.23.13: “23.13 Abaqondisi benkampani bangagcina esikhwameni se-trust ngaphandle kwenzalo (noma bakhokhele enye inhlangano ukuba ibagcinele le-trust) izimali ezincane eziyisehlukaniso senzuzo okumele sinikwe amalungu anamasheya akhishelwe izitifiketi uma abaqondisi bebona ukuthi ukukhokhwa kwalezo mali akuzubahlomulisa abanikazimasheya noma inkampani. Lezo mali ezigciniwe ziyokwengezwa enzuzweni eyisihlukaniso eyogcina inikwe ikhokhelwe amalungu nokuyimali eyokhishwa uma isamba semali esihlangane sesingaphezulu kwenani elincane elingu-R25,00 noma yilezo zamba ezinqunywe ngabaqondisi, noma ezivunyelwe yiJSE Securities Exchange, yaseningizimu Afrika ngazikhathi. Lezo mali ezigciniwe ziyodedelwa esimeni lapho amalungu ebhale khona ezicela noma lapho ubunikazi bamalungu athintekayo sebukhishiwe kwi-register yenkampani yabanezitifiketi. 15. Izizathu nemiphumela yesinqumo esikhethekile esingunombolo 3 Isizathu sesinqumo esikhethekile esingunombolo 3 wukuchibiyela usomqulu wezimiso zenkampani ukuze abaqondisi benkampani babe negunya: 15.1 lokugcina baqoqele ndawo inzuzo yezahlukaniso okumele inikwe amalungu uma kuwukuthi ukukhokha lezo mali akuzuwahlomulisa lawo malungu kumbe inkampani; Into eyenze kwaba nesidingo salesi sinqumo: 15.2 inani elikhulu labanikazimasheya abanamasheya ambalwa enkampanini, okwenza ukuthi kuthi lapho kumele kukhishwe inzuzo eyisehlukaniso uthole ukuthi uhlelo ngokwalo luyabiza kakhulu lapho uqhathanisa nobungako bemali okumele iye kumnini masheya. Umphumela wesinqumo esikhethekile esingunombolo 3 wukuchibiyelwa kwesigatshana sama-23 sikasomqulu wezimiso zenkampani ukuze: 15.3 kugunyazwe abaqondisi ukuba bagcine izimali zenzuzo yesahlukaniso zize zibe yisamba esibonakalayo ngaphambi kokuba zedluliselwe kumalungu. Amalungu athintekayo kulokhu azokwazi ukuba acele izimali zawo zidedelwe lapho ezidinga nganoma yisiphi isikhathi. African Bank Investments Limited 146
16. Ukuvota nezithunywa Bonke abanikazimasheya ajwayelekile bayoba nelungelo lokwethamela nokuvota emhlanganweni ovulelekile waminyaka yonke noma emhlanganweni oye wahlehliswa. Lapho kuvotwa ngokuphakamisa izandla, lowo mnikazi wamasheya ajwayelekile okhona siqu, noma esimeni senkampani lapho iqoke ozoyimela ngokulandela izimiso zesigaba sama-88 somthetho wezinkampani, uyoba nelungelo lokuvota kanye. Ilungu elinegunya lokwethamela nokuvota emhlanganweni linelungelo lokuqoka ozolimela emhlanganweni abe negunya lokukhuluma, avote noma ahlale engavoti lokho ebe ekwenzela ilungu. Isithunywa esiqokwayo akusho ukuthi kumele size sibe yilungu. Ufakelwe ifomu yokuqoka ozokumela nokumele igcwaliswe umnikazimasheya akhishelwe isitifiketi noma ngumnikazimasheya osebenzisa uhlelo lwekhompuyutha kodwa obhalise ngegama lakhe ongezuphumelela ukuhambela umhlangano. Amafomu okuqoka isithunywa/ozokumela kufanele ahanjiswe noma aposelwe ehhovisi lalabo abengamele izindaba zamasheya enkampani okuyiUltra Registrars (Pty) Ltd, 11 Diagonal Street, Johannesburg, 2001 (PO Box 4844, Johannesburg, 2001), kanti kumele afike lapho kusasele isikhathi esingaphezulu kwamahora angamashumi amane ngaphambi kokuba kubanjwe umhlangano. Ukugcwalisa ifomu yesithunywa komnikazimasheya oseguqukele ohlelweni lwe-khompuyutha kodwa ekhethe ukuzibhalisela ngokwakhe akumvimbi ekwethameleni umhlangano wabanikazimasheya ovulelekile uma egcine enqume ukuzizela siqu. Abanikazimasheya asebengene ohlelweni lwekhompuyutha abafisayo ukwethamela umhlangano kumele bazise iCSDP (Central Securities Depository Participants) noma umphatheli ngesifiso sabo bese becela iCSDP noma umphatheli ukuba abanike igunya lokwethamela umhlangano uma kungenjalo banganika iCSDP noma umphatheli umyalo oqondene nokuvota uma kuwukuthi angeke baphumele ukubakhona siqu emhlanganweni ovulelekile waminyaka yonke. Ikhishwe yibhodi Ye-African Bank Investments Limited Sarita Martin UNobhala we-Nkampani 14 November 2003 IHhovisi elibhalisiwe 59 16th Road Midrand 1685 Private Bag X170 Midrand 1685 147 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
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Directors’ report 30 September 20
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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
Page 119 and 120: Equity accounted income, which is i
Page 121 and 122: 1.9 Revenue recognition Interest in
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 and 160: DIRECTORS’ CURRICULUM VITAES Anto
Page 161 and 162: 6. Isinqumo esejwayelekile esinguno
Page 163: 12.9.1 kuyokwenziwa ngokulandela uM
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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