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Members of the ABIL board (continued) Daniel joined the ABIL Group during January 2000, serving as non-executive director on the ABIL and African Bank Limited boards. Daniel is also chairman of the Group Remuneration and Transformation Committee as well as the Directors’ Affairs Committee. ASHLEY (OSHY) TUGENDHAFT (55) BA LLB Non-executive director Date appointed: 01/04/2003 Other major directorships African Bank Limited; chairman of Moss Morris Consulting (Pty) Limited; chairman of Moss Morris Inc.; chairman of Moss Morris Investments (Pty) Limited; Imperial Holdings Limited; Pinnacle Holdings Limited; Unicode (Pty) Limited; Tiso Capital (Pty) Limited Oshy, currently chairman of Moss Morris Inc, joined the ABIL Group during May 2003. Oshy also serves as a member of the Group Risk Committee and the Directors’ Affairs Committee of ABIL. Oshy is the co-author of “Exchange Control Encyclopaedia” which is the leading publication in South Africa on exchange control. He also co-published a leading South African publication, containing precedents of leases, used by other legal practitioners. Oshy has extensive knowledge and experience in commercial litigation and arbitrations, both local and international. African Bank Investments Limited 156 DAVID FARRING WOOLLAM (40) CA(SA) Group Financial Director Date appointed: 01/11/2002 Other major directorships African Bank Limited; The Standard General Insurance Company Limited; Theta Investments (Pty) Limited Dave joined ABIL as group financial director in November 2002 with responsibility for the finance, treasury, investor relations and risk functions within ABIL’s operational structure. He served as financial director of BoE Limited from 1999 to 2002 after returning from London where he spent some 11 years working in the financial services industry. Dave also serves as executive director on the boards of African Bank Limited, Stangen and Theta Investments (all wholly-owned subsidiaries of ABIL) as well as most of the underlying subsidiary companies.
Corporate information COMPANY REGISTRATION 1946/021193/06 COMPANY SECRETARY Sarita Martin REGISTERED ADDRESS 59 16th Road, Midrand, 1685 Private Bag X170, Midrand, 1685 Telephone +27 11 256 9000 Telefax +27 11 256 9304 BANKERS Standard Bank AUDITORS Deloitte & Touche ACTUARIES Abe van der Nest TRANSFER SECRETARIES Computershare Limited (to 31 December 2003) 70 Marshall Street, Johannesburg, 2001 PO Box 61051, Marshalltown, 2107 Telephone +27 11 370 5000 Telefax +27 11 370 5485 Ultra Registrars (Pty) Limited (from 1 January 2004) 11 Diagonal Street, Johannesburg, 2001 PO Box 4844,Johannesburg, 2000 Telephone 011 834 2266 Telefax 011 834 4398 africanbank@ultrareg.co.za COMPANY’S WEBSITE www.africanbank.co.za COMPLAINTS AND FRAUD African Bank Ethics toll free number 0800 20 20 18 African Bank Ethics email address abfraudethics@africanbank.co.za African Bank Ethics facsimile 011 315 3424 Credit Indemnity Ethics toll free number 0860 333 004 African Bank call centre toll free number 086 11 11011 ADDRESS AND CONTACT NUMBERS OF DIVISIONS AND SUBSIDIARIES MCG Martin Bezuidenhout 59 16th Road, Midrand, 1685 Telephone +27 11 256 9473 Credit Indemnity Graham Adie 135 Pietermaritz Street, Pietermaritzburg, 3201 Telephone +27 33 355 4900 Commercial Vehicle Finance Mike Imray 59 16th Road, Midrand, 1685 Telephone +27 11 624 2214 ABCommerce Andre van As 59 16th Road, Midrand, 1685 Telephone +27 11 256 9420 ACFC Jimmy Catsavis 59 16th Road, Midrand, 1685 Telephone +27 11 256 9400 157 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
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n4 The strike prices of the share o
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Income statement for the year ended
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Cash flow statement for the year en
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Equity accounted income, which is i
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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 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: RAMANI NAIDOO (41) BA LLB Non-execu
Page 177 and 178: GRAPHICOR 30006
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