INTEGRATED ANNUAL REPORT FOR PHUTHUMA NATHI INVESTMENTS (RF) LIMITED

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OVERVIEW
w 2 MultiChoice South Africa Holdings Proprietary Limited / Integrated annual report 2017
ABOUT THIS REPORT
REPORTING BOUNDARY
MultiChoice South Africa Holdings Proprietary
Limited (MultiChoice) was incorporated in May
2006. The scope of this report includes
MultiChoice and its subsidiaries (the group).
In addition to nancial results, we include
corporate information on the two MultiChoice
broad-based black economic empowerment
(BBBEE) shareholding schemes – Phuthuma
Nathi (PN) and Phuthuma Nathi 2 (PN2)
(together Phuthuma Nathi). The sole investments
of the Phuthuma Nathi schemes are the shares
held in MultiChoice.
We present our integrated report for the nancial
year from 1 April 2016 to 31 March 2017 to
illustrate how we create value for our
stakeholders.
The content of this report focuses on key
developments and material issues in our
business environment. We believe integrated
and balanced reporting on our strategic
objectives, material issues and how we are
governed, provides a comprehensive view of our
nancial and non- nancial performance and the
sustainability of our business.
DETERMINING MATERIALITY
In determining content to report, we focused on
issues that are material to our stakeholders and
drive the executive agenda. These issues are
discussed by the board and continually
addressed.
BASIS OF PREPARATION
The structure of this report has been developed
against the framework of the International
Integrated Reporting Council (IIRC). Our
sustainability reporting is based on the Global
Reporting Initiative guidelines (GRI G4). Due
consideration has been given to the
recommendations of the King Code of
Governance Principles and the King Report on
Corporate Governance in South Africa (King III).
Our aim is to constantly enhance our reporting
and disclosure to improve our stakeholders’
understanding of the group. Feedback on the
report is welcomed and can be communicated
to .
ASSURANCE PROVIDERS
Independent assurance has been provided on
material information presented in this report.
à Financial information: For the integrated
report, summarised nancial information for
the group and Phuthuma Nathi, extracted
from the group’s audited consolidated annual
nancial statements and the Phuthuma Nathi
annual nancial statements for the year
ended 31 March 2017, have been re ected
correctly. The full nancial statements appear
on the MultiChoice and Phuthuma Nathi
websites )
) and are available
for inspection at our registered of ces from
the company secretary.
Financial information in this report was
reviewed by the audit committee and
approved by the board. Refer t
for the auditor’s report on the group’s
summarised annual consolidated nancial
statements and t for the report