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Chairman's letter to stakeholders Chief executive's report Chief financial officer's report
SCHALK ENGELBRECHT
CHAIRMAN
MARK DYTOR
CHIEF EXECUTIVE
MARK KATHAN
CHIEF FINANCIAL OFFICER

ABOUT THIS REPORT   GROUP PROFILE   RISK MANAGEMENT   STAKEHOLDER ENGAGEMENT
The primary objective of integrated reporting is to demonstrate an organisation’s ability to create and sustain value over the short, medium and long term. This report aims to provide stakeholders with a greater understanding of the strategy, overall sustainability, operational performance, risks and opportunities, prospects and major impacts in economic, social and environmental terms of AECI and its operating businesses (“the AECI Group” or “the Group”).   AECI is a South African-based explosives and specialty chemicals group with regional international businesses in Africa, Brazil, Indonesia and the USA servicing the mining and manufacturing sectors. Other markets of interest are Australia and Latin America. It is listed on the JSE and has a total permanent employee complement of 6 279. Its market capitalisation at 31 December was R16,03 billion.   The proactive management of risk is integral to the achievement of strategic goals in a sustainable manner. In 2013 the focus was on inculcating a risk-aware corporate culture and on encouraging the bottom-up approach to risk management. The Board’s Risk Committee has created a platform for the continual monitoring of material risks and the assessment of these as they emerge.   The AECI Group comprises a broad spectrum of activities in several geographical areas. There are currently 16 operating businesses reporting to the AECI Executive Committee (“Executive Committee”) and, via this Committee, to the Board.