Directors' statement   

The directors are responsible for the preparation, integrity and fair representation of the financial statements of the company. The financial statements, presented on pages 46 to 77 of this report, were prepared in accordance with South African Statements of Generally Accepted Accounting Practice and International Accounting Standards and include amounts based on judgements and estimates made by management. The directors also prepared other information included in this annual report and are responsible for both its accuracy and consistency with the financial statements.

During the preparation of the financial statements, the going concern basis was adopted. Based on forecasts and available resources, the directors have no reason to believe that the company will not be a going concern in the foreseeable future. The financial statements support the viability of the company.

The independent firm, PricewaterhouseCoopers Inc., audited the financial statements. Unrestricted access was given to all financial records and related data, including minutes of all shareholders', board of directors' and board committee meetings. The directors believe that all representations made to the independent auditors during their audit were valid and appropriate.

These financial statements were approved by the board of directors on 23 August 2001 and signed on its behalf by:

Chief Executive

23 August 2001
Financial Director