83 / 156
Directorate
Directors resigning by rotation at the upcoming annual general meeting
are Louis van der Watt, Louis Norval and Thabo Mokgatlha, and being
eligible, they offer themselves for re-election.
An abridged curriculum vitae for each director is set out on pages
22 and 23.
Beneficial shareholders holding 5% or more
30 June 2015
%
Company
Government Employees Pension Fund
33 808 325
13,9
Stanlib
13 005 869
5,4
Subsidiaries, joint arrangements and associates
Disclosure of the company’s investments in subsidiaries, joint arrangements
and associate is included in notes 4 to 7 in the financial statements.
Administration and management
Property management and asset management in Hyprop’s South African
operations are fully internalised. No property management or asset
management fees were paid during the year.
Audit committee report
The audit committee fulfilled its responsibilities during the year (refer to
its report on page 79 for details). The committee has further satisfied
itself as to the independence of the external auditors and their suitability
for reappointment for the ensuing year.
Auditors
Grant Thornton will continue in office in accordance with part C of
section 90 of the Companies Act of South Africa.
Directors’ interest in contracts
No material contracts in which the directors have an interest were
entered into during the year, other than the transactions detailed in note
35 to the financial statements.
Going concern
The directors consider that the group and company have adequate
resources to continue operating for the foreseeable future and that it is
appropriate to adopt the going-concern basis in preparing the group and
company financial statements.
The directors have satisfied themselves that the group and company
are in a sound financial position and that they have access to sufficient
borrowing facilities to meet their foreseeable cash requirements.
Johannesburg
31 August 2015
81
Hyprop Investments Limited
Integrated Report 2015