EAR Rule – Example Audit Reports

This page contains links to audit reports issued on public interest entities after the IRBA EAR Rule became effective.

Please note the following:

This is not a complete list of all such audit reports.
This page only links to information that is publicly available.

These audit reports have not gone through any SAICA review or vetting processes.

Industry	Company Name	Year-end	Links to annual financial statements
Agriculture
	Crookes Brothers Limited	31 March 2025	https://www.cbl.co.za/wp-content/uploads/2025/06/AFS_2025.pdf Refer to the auditor’s report on the consolidated and separate financial statements on page 11.
Alternative and renewable energy
	RenergenLimited	28 February 2025	https://senspdf.jse.co.za/documents/2025/JSE/ISSE/REN/FY25REN.pdf Refer to the auditor’s report on the consolidated and separate financial statements on page 8.
Automotive
	Combined Motor Holdings Limited	28 February 2025	https://senspdf.jse.co.za/documents/2025/jse/isse/CMH/CMHIAR2025.pdf Refer to the auditor’s report on the consolidated and separate financial statements on page 36.
	Daimler Truck Southern Africa Limited	31 December 2024	https://dtsa.daimlertruck.com/media/bcfjpxv5/dtsa-consolidated-afs-clean-fy2024.pdf Refer to the auditor’s report on the consolidated financial statements on page 11.
Building and Construction materials
	Brikor Limited	28 February 2025	https://senspdf.jse.co.za/documents/2025/jse/isse/bik/AFS25.pdf Refer to the auditor’s report on the consolidated and separate financial statements on page 15.
Chemicals and explosives
	AECI Limited	31 December 2024	https://senspdf.jse.co.za/documents/2025/jse/isse/AFE/AFSFY2024.pdf Refer to the auditor’s report on the consolidated and separate financial statements on page 24.
	Omnia Holdings Limited	31 March 2025	https://www.omnia.co.za/media/omnia-audited-consolidated-annual-financial-statements-FY2025.pdf Refer to the auditor’s report on the consolidated financial statements on page 8. https://omnia.co.za/media/omnia-audited-annual-financial-statements-FY2025.pdf Refer to the auditor’s report on the separate financial statements on page 8.
Construction and civil engineering
	Stefanutti Stocks Holdings Limited	28 February 2025	https://senspdf.jse.co.za/documents/2025/jse/isse/ssk/AFSFY2025.pdf Refer to the auditor’s report on the consolidated financial statements on page 12. Stefanutti-Stocks-Holdings-Limited-Annual-Financial-Statements-2025.pdf Refer to the auditor’s report on the separate financial statements on page 5.
Construction materials
	PPC Limited	31 March 2025	https://senspdf.jse.co.za/documents/2025/jse/isse/PPC/FY2025.pdf Refer to the auditor’s report on the consolidated and separate financial statements on page 3.
Consumer goods
	Libstar Holdings Limited	31 December 2024	https://senspdf.jse.co.za/documents/2025/jse/isse/lbre/FY_2024.pdf Refer to the auditor’s report on the consolidated financial statements on page 4.
	Premier Group Limited	31 March 2025	https://senspdf.jse.co.za/documents/2025/JSE/ISSE/PMRE/20250610.pdf Refer to the auditor’s report on the consolidated financial statements on page 10. Annual Financial Statements 2025.pdf Refer to the auditor’s report on the separate financial statements on page 10.
Education
	ADvTECH Limited	31 December 2024	https://senspdf.jse.co.za/documents/2025/JSE/ISSE/ADH/AFSYE2024.PDF Refer to the auditor’s report on the consolidated and separate financial statements on page 6.
	Curro Holdings Limited	31 December 2024	https://www.curro.co.za/media/gzwneb35/curro-annual-financial-statements-for-the-year-ended-31-december-2024.pdf Refer to the auditor’s report on the consolidated and separate financial statements on page 13.
	Stadio Holdings Limited	31 December 2024	https://stadio.co.za/wp-content/uploads/2025/03/Stadio-Holdings-Group-2024-Financial-Statements-Signed.pdf Refer to the auditor’s report on the consolidated and separate financial statements on page 17.
Financial services
	1nvest EFT Issuer (RF) Limited	28 February 2025	https://corporateandinvestment.standardbank.com/static_file/CIB/Products%20and%20Services/Global%20Markets/Equities/Exchange%20traded%20products/PDF/1nvestETFIssuer(RF)LimitedAFS2025FinalSigned.pdf Refer to the auditor’s report on the financial statements on page 13.
	Alexander Forbes Group Holdings Limited	31 March 2025	https://senspdf.jse.co.za/documents/2025/JSE/ISSE/AFH/AFSJUN2025.pdf Refer to the auditor’s report on the consolidated and separate financial statements on page 9.
	Bayport Securitisation (RF) Limited	31 December 2024	https://www.bayport.co.za/wp-content/uploads/2025/04/Bayport-Securitisation-AFS-2024.pdf Refer to the auditor’s report on the consolidated and separate financial statements on page 7.
	Finbond Group Limited	28 February 2025	https://finbondgroup.com/docs/Finbond%20Group%20Limited%20Annual%20Report%202025.pdf?v=3 Refer to the auditor’s report on the consolidated and separate financial statements on page 95.
	RCS Group	31 December 2024	https://rcs.co.za/media/hh4pzcvp/rcs-group-annual-financial-statements-december-2024.pdf Refer to the auditor’s report on the consolidated financial statements on page 68.
	Sentinel Finco (Ring Fenced) Limited	28 February 2025	https://www.sentinelhomes.co.za/wp-content/uploads/2025/06/Sentinel-Finco-RF-Limited-2025-02-28.pdf Refer to the auditor’s report on the financial statements on page 9.
	Toyota Financial Services (South Africa) Limited	31 March 2025	https://media.cdntoyota.co.za/toyotacms23/attachments/cmbrobosi3hzs6pak93sfdtvj-tfssa-31-march-2025-combined-11-june-2025-signed.pdf Refer to the auditor’s report on the consolidated and separate financial statements on page 20.
	Vineyard Road Investments (RF) Limited	31 December 2024	https://firstrand.frontify.com/share/gkstUg9y1zExGAMUZv2g/assets/391067 Refer to the auditor’s report on the financial statements on page 12.
	Vunani Limited	28 February 2025	https://senspdf.jse.co.za/documents/2025/jse/isse/VUN/ye2025.pdf Refer to the auditor’s report on the consolidated and separate financial statements on page 67.
Financial services (banking)
	Nedbank Group Limited	31 December 2024	https://www.nedbank.co.za/content/dam/nedbank/site-assets/AboutUs/Information%20Hub/Financial%20Results/Annual%20Results/2024/2024-annual-financial-statements-nedbank.pdf Refer to the auditors’ report on the consolidated and separate financial statements on page 14.
	The Standard Bank Group Limited	31 December 2024	Standard Bank Group Limited 2024 Refer to the auditors’ report on the consolidated and separate financial statements on page 10.
Financial services (insurance)
	Old Mutual Limited	31 December 2024	https://www.oldmutual.com/v3/assets/bltdd392fd32dda3ce8/blt231f05e3a6dd970f/67d8f413f06ccfa5a7b4383e/Old_Mutual_Limited_Annual_Financial_Statements_for_the_year_ended_31_December_2024.pdf Refer to the auditors’ report on the consolidated and company financial statements on page 11.
	Sanlam Life Insurance Limited	31 December 2024	https://www.sanlam.com/downloads/sanlam-life-insurance-limited-annual-financial-statements/2024/Sanlam-Life-Annual-Report-2024.pdf Refer to the auditors’ report on the consolidated and separate financial statements on page 3.
	Santam Limited	31 December 2024	https://www.santam.co.za/media/lx3fcvg3/2024-financial-statements.pdf Refer to the auditor’s report on the consolidated and separate financial statements on page 4.
Financial services (stock exchange)
	JSE Limited	31 December 2024	https://senspdf.jse.co.za/documents/2025/JSE/ISSE/JSE/03032025.pdf Refer to the auditor’s report on the consolidated and separate financial statements on page 20.
Financial Technology
	Capital Appreciation Limited	31 March 2025	https://senspdf.jse.co.za/documents/2025/jse/isse/ctae/FY2025.pdf Refer to the auditor’s report on the consolidated and separate financial statements on page 3.
Fishing
	Sea Harvest Group Limited	31 December 2024	https://www.seaharvestgroup.co.za/wp-content/uploads/2025/04/Sea-Harvest-Group-Limited-Annual-Financial-Statements-31-December-24.pdf Refer to the auditor’s report on the consolidated and separate financial statements on page 11.
Food and beverage services
	Famous Brands Limited	28 February 2025	https://senspdf.jse.co.za/documents/2025/jse/isse/fbr/FY_25.pdf Refer to the auditor’s report on the consolidated and separate financial statements on page 8.
Hospitality and gaming
	Sun International Limited	31 December 2024	https://senspdf.jse.co.za/documents/2025/jse/isse/SUI/FY2024.pdf Refer to the auditor’s report on the consolidated and separate financial statements on page 4.
Industrial investment
	Invicta Holdings Limited	31 March 2025	https://senspdf.jse.co.za/documents/2025/jse/isse/IVT/YE2025.pdf Refer to the auditor’s report on the consolidated financial statements on page 9. Audited-Annual-Financial-Statements-31-March-2025-1.pdf Refer to the auditor’s report on the separate financial statements on page 8.
Industrial supplies
	Insimbi Industrial Holdings Limited	28 February 2025	https://senspdf.jse.co.za/documents/2025/jse/isse/ISBE/FY2025.pdf Refer to the auditor’s report on the consolidated and separate financial statements on page 36.
Infrastructure development and construction materials
	Raubex Group Limited	28 February 2025	https://raubex.com/wp-content/uploads/2025/06/Raubex-Group-Limited-AFS-2025-Signed.pdf Refer to the auditor’s report on the consolidated and separate financial statements on page 5.
Infrastructure investment
	Mahube Infrastructure Limited	28 February 2025	https://mahube.africa/wp-content/uploads/2025/05/Mahube-Integrated-Annual-Report-2025.pdf Refer to the auditor’s report on the financial statements on page 77.
Investment management
	Altvest Capital Limited	28 February 2025	https://senspdf.jse.co.za/documents/2025/jse/isse/alve/ye2025.pdf Refer to the auditor’s report on the consolidated and separate financial statements on page on 155.
Manufacturing (aluminium products)
	Hulamin Limited	31 December 2024	https://senspdf.jse.co.za/documents/2025/jse/isse/HLM/Dec24.pdf Refer to the auditor’s report on the consolidated and separate financial statements on page 7.
Mining
	Alphamin Resources Corp.	31 December 2024	https://www.alphaminresources.com/wp-content/uploads/2025/04/Alphamin-FY24-Financials-incl-signed-audit-opinion-002.pdf Refer to the auditor’s report on the consolidated financial statements on page 5.
	Kumba Iron Ore Limited	31 December 2024	https://www.angloamericankumba.com/~/media/Files/A/Anglo-American-Group-v9/Kumba/investors/annual-reporting/reports-archive-2023/annual-financial-statement-2024.pdf Refer to the auditor’s report on the consolidated and separate financial statements on page 26.
	Mantengu Mining Limited	28 February 2025	https://senspdf.jse.co.za/documents/2025/jse/isse/mtue/YE25.pdf Refer to the auditor’s report on the consolidated and separate financial statements on page 8.
	Merafe Resources Limited	31 December 2024	https://www.meraferesources.co.za/results/annuals-2024/pdf/afs.pdf Refer to the auditor’s report on the consolidated and separate financial statements on page 11.
	Sibanye Stillwater Limited	31 December 2024	https://senspdf.jse.co.za/documents/2025/jse/isse/sswe/AFS2024.pdf Refer to the auditor’s report on the consolidated financial statements on page 57.
	Thungela Resources Limited	31 December 2024	https://www.thungela.com/sites/default/files/2025-03/Thungela%20Annual%20Financial%20Statements%202024_0.pdf Refer to the auditor’s report on the consolidated and separate financial statements on page 46.
Mining services
	Afrimat Limited	28 February 2025	https://senspdf.jse.co.za/documents/2025/jse/isse/AFT/FY25H2.pdf Refer to the auditor’s report on the consolidated and separate financial statements on page 4.
	Master Drilling Group Limited	31 December 2024	MasterDrilling-Consolidated-AFS_2024_Signed.pdf Refer to the auditor’s report on the consolidated financial statements on page 6. https://masterdrilling.com/wp-content/uploads/2025/03/MDG-Company-AFS-2024-signed.pdf Refer to the auditor’s report on the separate financial statements on page 11.
Packaging and paper
	Mpact Limited	31 December 2024	https://mpact.co.za/assets/investor-relations/financial-results/2024/GROUPAFSFY2024.pdf Refer to the auditor’s report on the consolidated financial statements on page 3. https://mpact.co.za/assets/investor-relations/financial-results/2024/COMPANYAFSFY2024.pdf Refer to the auditor’s report on the separate financial statements on page 3.
Printing and packaging
	Novus Holdings Limited	31 March 2025	https://novus.holdings/wp-content/uploads/2025/06/IAR25-Annual-Financial-Statements-v_Final.pdf Refer to the auditor’s report on the consolidated and separate financial statements on page 11.
Real estate
	Collins Property Group Limited	28 February 2025	https://senspdf.jse.co.za/documents/2025/jse/isse/ccpe/ye2025.pdf Refer to the auditor’s report on the consolidated and separate financial statements on page 20.
	Balwin Properties Limited	28 February 2025	https://senspdf.jse.co.za/documents/2025/jse/isse/BWNE/FY25.pdf Refer to the auditor’s report on the consolidated and separate financial statements on page 14.
	SA Corporate Real Estate Limited	31 December 2024	https://senspdf.jse.co.za/documents/2025/jse/isse/sace/ye2024.pdf Refer to the auditor’s report on the consolidated and separate financial statements on page 14.
Real estate investment
	Afine Investments Limited	28 February 2025	https://senspdf.jse.co.za/documents/2025/JSE/ISSE/ANIE/ANIAR25.pdf Refer to the auditor’s report on the consolidated and separate financial statements on page 34.
	Burstone Group Limited	31 March 2025	https://downloads.ctfassets.net/lwj37n970879/41VMMtPNdlx5dhYchrWYj3/888860db3ca50215e502f8db63fe2601/FY25_Integrated_annual_report_website_final.pdf Refer to the auditor’s report on the consolidated and separate financial statements on page 127.
	Delta Property Fund Limited	28 February 2025	https://senspdf.jse.co.za/documents/2025/jse/isse/DLT/FY2025AFS.pdf Refer to the auditor’s report on the consolidated and separate financial statements on page 19.
	Equites Property Fund Limited	28 February 2025	https://senspdf.jse.co.za/documents/2025/jse/isse/EQU/2025AFS.pdf Refer to the auditor’s report on the consolidated financial statements on report on page 12.
	Newpark REIT Limited	28 February 2025	https://www.newpark.co.za/pdf/annual_reports/FY25AFS.pdf Refer to the auditor’s report on the consolidated and separate financial statements on page 50.
	Resilient REIT Limited	31 December 2024	https://admin.resilient.co.za/pdf_files/1743690871Annual%20results%20December%202024.pdf Refer to the auditor’s report on the consolidated and separate financial statements on page 14.
	Spear Reit Limited	28 February 2025	https://senspdf.jse.co.za/documents/2025/JSE/ISSE/SEAE/SEAFY25.pdf Refer to the auditor’s report on the consolidated and separate financial statements on page 64.
	Stor-Age Property REIT Limited	31 March 2025	https://senspdf.jse.co.za/documents/2025/jse/isse/SSSE/Finals.pdf Refer to the auditor’s report on the consolidated and separate financial statements on page 8.
	Vukile Property Fund Limited	31 March 2025	https://senspdf.jse.co.za/documents/2025/jse/isse/vke/FY2025.pdf Refer to the auditor’s report on the consolidated and separate financial statements on page 3.
Retail pharmacy
	Dis-Chem Pharmacies Limited	28 February 2025	https://senspdf.jse.co.za/documents/2025/jse/isse/dcpe/FY25.pdf Refer to the auditor’s report on the consolidated and separate financial statements on page 8.
Retail
	Acsion Limited	28 February 2025	https://senspdf.jse.co.za/documents/2025/jse/isse/ACSE/ye25.pdf Refer to the auditor’s report on the consolidated and separate financial statements on page 50.
	Boxer Retail Limited	2 March 2025	https://senspdf.jse.co.za/documents/2025/JSE/ISSE/BOXE/FY25AFS.pdf Refer to the auditor’s report on the consolidated and separate financial statements on page 7.
	Lewis Group Limited	31 March 2025	https://www.lewisgroup.co.za/wp-content/uploads/2025/05/Annual-Financial-Statements-for-the-year-ended-31-March-2025.pdf Refer to the auditor’s report on the consolidated and separate financial statements on page 12.
	Mr Price Group Limited	29 March 2025	https://senspdf.jse.co.za/documents/2025/JSE/ISSE/MRPE/AFS2025.pdf Refer to the auditor’s report on the consolidated and separate financial statements on page 15.
	Pick n Pay Stores Limited	2 March 2025	https://www.picknpayinvestor.co.za/pdf/investor-centre/results-and-presentations/2025/afs/fy-25-annual-financial-statements-spread.pdf Refer to the auditor’s report on the consolidated and separate financial statements on page 8.
	The Foschini Group Limited	31 March 2025	https://senspdf.jse.co.za/documents/2025/jse/isse/TFG/AFS2025.pdf Refer to the auditor’s report on the consolidated financial statements on page 14. TFG_Company_AFS_March_2025 Refer to the auditor’s report on the separate financial statements on page 14.
Technology and data analytics
	PBT Group Limited	31 March 2025	https://senspdf.jse.co.za/documents/2025/JSE/ISSE/PBGE/YE2025.pdf Refer to the auditor’s report on the consolidated and separate financial statements on page 50.
Technology and digital transformation
	4Sight Holdings Limited	28 February 2025	https://4sight.cloud/images/media/documents/01/2706/4sight-integrated-annual-report-2025.pdf Refer to the auditor’s report on the consolidated and separate financial statements on page 82.
Telecommunications
	Mobile Telephone Networks Holdings Limited	31 December 2024	https://www.mtn.com/wp-content/uploads/2025/04/MTN-Holdings-Group-Annual-Financial-Statement-2024-1.pdf Refer to the auditor’s report on the consolidated and separate financial statements on page 21.
	MTN Group Limited	31 December 2024	https://www.mtn.com/wp-content/uploads/2025/03/MTN-Group-FY-24-Annual-Financial-Statements.pdf Refer to the auditor’s report on the consolidated and separate financial statements on page 13.
	Telkom SA SOC Limited	31 March 2025	https://senspdf.jse.co.za/documents/2025/jse/isse/TKG/ye2025.pdf Refer to the auditor’s report on the consolidated and separate financial statements on page 10.
Workforce solutions
	Adcorp Holdings Limited	28 February 2025	https://senspdf.jse.co.za/documents/2025/jse/isse/ADR/YE2025.pdf Refer to the auditor’s report on the consolidated financial statements on page 14.