Accounting & Financial Advisory What is it we do?

1. Accounting & Financial Advisory What is it we do? Deloitte

2. Scoping Project plan Reporting Implemen-tation Audit Readiness Audit readiness service allows for the client to prepare to ensure a more efficient and effective audit is experienced by both the client and the auditors. We see efficient and disciplined fixed asset management processes as key enablers to maintaining quality financial and management information. We adapt our approach below in line with the specific client's requirements. Fixed Asset Management Services The Audit readiness service would be suitable to address clients needs whether a client is preparing for an audit, trying to improve the previous audit report and findings, or trying to decrease audit fees due to efficiencies on the client side. • These fixed asset management services would be suitable to address clients needs whether a client is • preparing for a major acquisition, • improving financial reporting standards to comply with new government regulations, or • needs to document assets for financial reporting purposes. Deloitte

3. Assisting in Africa Without the right skills, the right people, and the right solutions, it’s just not the same. Often our clients experience backlogs in financial processing and reporting and inaccurate management information. In these situations, often accounts are not reconciled timeously and in some cases even the balance sheet requires reconstruction at a specific date. Account reconciliation and reconstruction • While many write off Africa as the continent of despair, other enterprising individuals and organisations have recognised the huge, untapped potential of Africa and are actively pursuing business ventures across the continent. • Many of our South African clients are expanding into Africa however they are faced with critical skills shortages on a daily basis. • While it is essential to capacity build in these countries, our clients require temporary assistance across all our products and services. We work together with our Deloitte counterparts across the Deloitte/Africa footprint in bringing solutions to our clients Financial statement preparation Why should clients outsource preparation of financial statements ? • IFRScompliance • A dedicated team of experts in preparation of financial statements • CaseWare, a globally recognised software tool, is utilised to ensure maximum efficiency. • Many of the traditional manual time consuming tasks associated with financial statements are automated. This leads to a cost saving • Built-in validation in CaseWare increases accuracy and reduces reviewing time by more than half • Last minute adjustments and changes can be done faster. • Automated lead schedules and drill downs means we can easily show how figures are calculated. Preparation of an electronic audit file for the auditors Deloitte

4. Constructively engaging with major retailers to assist in recovering outstanding amounts Policies, procedures, systems descriptions and controls • Engage Accounts receivable management services Increased pressure is being placed on the governance bodies of our clients to ensure sound accounting environments. Often clients do not have sufficient resources to either update their current policy documents or draft new manuals. Our simple tailored approach is documented below: Collecting monies due to an organisation is critical to the working capital management and cashflow planning of any management team. Whether the issue lies with long overdue accounts or reconciliations, the continuity of the business is dependent on sound cashflow management . There after, we would be perfectly placed, given the knowledge of the business and experience gained on other similar assignments, to assist with a final stage of engaging with customers. Deloitte

5. Secondments BBBEE • We provide knowledge and experience, not just people – and we provide it right now! • We recognise that some things in business are difficult to control and cause unnecessary pressure. Whether it’s • looming deadlines, • resourcing issues or • Compliance adherence, • our role is to work with our clients, by providing a solution-orientated approach and the best resources, to help relieve this pressure – whether the problem we’re tackling has already occurred or whether we are proactively assisting you to prevent a difficult future. • The South African business environment is often feared by many for its strong regulatory requirements. The most feared legislation at the moment is Broad Based Black Economic Empowerment Act (B-BBEE). Clients are often not clear on how this legislation affects their business and they ask the following questions: • Does B-BBEE apply to my business? • What is required for compliance? • Do I need to have a B-BBEE certificate? • What is a good B-BBEE level for a company? • How do I improve my B-BBEE rating? • The specialist, up-to-date knowledge of our people, comprising Chartered Accountants, Chartered Management Accountants and Financial Consultants, is merged with our experience in solving complex business problems to provide clients with the solution they need, and not only an “extra pair of hands”. • We have played a critical role at some of our key clients by seconding Chief Financial Officers, Financial managers, Accountants and lower level bookkeepers. Deloitte

6. Contacts • Partner & director • Trish Wilson • Partner • +27(0)82 570 1904 • Sumendra Naidoo • Director • +27(0)84 600 0606 • Senior Managers • Shaun Govender • +27(0)79 524 0406 • Bongani Nkasana • +27(0)71 017 0431 • Muneer Noormohamed • +27(0)84 690 0700 • Mohammed Shaikh • +27(0)82 616 1085 • Lara Mackay • +27(0)82 562 5287 Deloitte