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IN02_Availability of 2023 Annual Financial Statements and Integrated Report
Industrial Development Corporation of South Africa Limited
(Incorporated in the Republic of South Africa)
Registration No. 1940/014201/06
Bond Issuer Code: IN02
(“IDC” or the “Issuer” or the “Group”)
Availability of 2023 Annual Financial Statements and Integrated Report
Pursuant to the JSE Limited (JSE) Debt Listings Requirements, Noteholders are advised that the Issuer’s
Annual Financial Statements (AFS) and Integrated Report for the year ended 31 March 2023, have been
made available on the Issuer’s website and may be viewed or downloaded through the following link:
https://www.idc.co.za/financial-results/
Deloitte & Touche and Nexia SAB&T, the Group’s independent statutory external auditors, have expressed
an unmodified audit opinion on the Group annual financial statements for the year ended 31 March 2023.
No modifications have been made to the audited annual financial statements from the date of release to
the date of this announcement.
Noteholders are further advised that the prior year annual financial statements have been restated due to
the derecognition of funds administered on behalf of third parties and for the impairment of associates. Full
details are contained in note 36 to the AFS on page number 122.
Emphasis of Matter
External audit drew attention to note 36 in the consolidated and separate annual financial statements, which
discloses the restatement of corresponding figures for the years ended March 2022 and March 2021 as a
result of errors in the financial statements at and for the year ended 31 March 2023. Their opinion was not
modified in respect of these matters.
Availability of the required registers in terms of the JSE Debt Listings Requirements
• The registers in compliance with the provisions of paragraphs 7.6, 7.10, and 7.16 of the Debt
Listings Requirements are available on the IDC website on the following link(s):
https://www.idc.co.za/general-reports/
• Regarding provision of paragraph 7.13 of the Debt Listings Requirements, IDC confirms that there
are no procurement partners that have exceeded the materiality threshold contemplated in
paragraph 7.13.
26 September 2023
Debt Sponsor
Absa Corporate and Investment Bank (a division of Absa Bank Limited)
Date: 26-09-2023 05:25:00
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