Kumba Iron Ore Limited proposes appointment of PwC as external auditor from 2020
02 May, 2019
Kumba today announces that, following the conclusion of a formal tender process, the Audit Committee has recommended and the Board has approved the proposed appointment of PricewaterhouseCoopers LLP (“PwC”) as its external auditor. The appointment will take effect from, and including, the year ending 31 December 2020, and will be recommended to shareholders for approval at the Company’s Annual General Meeting in 2020.
Deloitte will continue to audit Kumba’s accounts in respect of the financial year ending 31 December 2019. On conclusion of the 2020 Annual General Meeting, Deloitte will stand down, and PwC will be appointed as Kumba’s external auditor.
There are no matters in connection with Deloitte’s prospective retirement as external auditor which need to be brought to the attention of shareholders. In accordance with the relevant legislative requirements in South Africa, the Board will receive from Deloitte, upon their retirement as external auditor, notification of any matters that need to be brought to the attention of creditors or shareholders of Kumba.
Centurion
2 May 2019
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)