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INTEGRATED ANNUAL REPORT FOR PHUTHUMA NATHI INVESTMENTS (RF) LIMITED Next Page
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Overview
4

About this report
4

Statement of directors’ responsibility
5

Our business
6

Our performance at a glance
8

Review
12

Combined chair and chief executive’s review
12

Create organic growth and sustain stakeholder value
18

Our strategic priorities
19

Operational review
20

1 Content
20

2 Packages and products
26

3 People
30

4 Internal environment
36

5 External environment
40

6 Satisfied customers
42

7 Doing business in a responsible manner
46

Risk management review
54

Corporate governance review
58

Our approach to governance
58

Our board
60

Remuneration report
67

Report of the audit committee
71

Financial review
73

Report of the independent auditor
75

Summarised consolidated annual financial statements
77

Corporate governance review for Phuthuma Nathi Investments (RF) Limited
81

Board of directors
82

Report of the audit committee
83

Directors’ report
85

Financial review for Phuthuma Nathi Investments (RF) Limited
88

Report of the independent auditor
89

Summarised financial statements
90

MultiChoice South Africa Holdings Proprietary Limited shareholder information
96

Notice of annual general meeting
96

Form of proxy
99

Notes to the form of proxy
100

Phuthuma Nathi Investments (RF) Limited shareholder information
101

Notice of annual general meeting
101

Form of proxy
103

Notes to the form of proxy
104

Administration and corporate information
105