2020 INTEGRATED REPORT

STATEMENT OF RESPONSIBILITY BY THE BOARD OF TRUSTEES for the year ended 31 December 2020 The Trustees accept responsibility for the fair presentation of the financial statements of The Professional Provident Society Holdings Trust, comprising the financial statements of the trust itself and the consolidated financial statements of the trust and its subsidiaries. These financial statements have been prepared in accordance with International Financial Reporting Standards, and in the manner required by the Insurance Act of 2017, the South African Companies Act of 2008, and the Trust Deed. The Trustees are of the opinion that the financial statements are fairly presented in the manner required. The independent auditors are responsible for reporting on these financial statements and were given unrestricted access to all financial records and related data including minutes of all meetings of members of the Board of Trustees and Committees of the Board. The Trustees have no reason to believe that any representations made to the independent auditors during the audit were not valid and appropriate. The Trustees accept responsibility for the maintenance of accounting records and systems of internal financial control. The Trustees are satisfied that no material breakdown in the operations of the systems of internal financial controls and procedures occurred during the year under review. Nothing has come to the attention of the Trustees to indicate that the Group, or any company within the Group, will not remain a going concern for at least the ensuing financial year. The financial statements have been prepared on the same basis. The annual financial statements, which appear on pages 105 to 209, were approved by the Board of Trustees and are signed on its behalf by: Dr S N E Seoka DR C M Krüger Chairman Deputy Chairman The Professional Provident Society Holdings Trust Johannesburg 25 March 2021 108 | PPS INTEGRATED REPORT 2020

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