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QUESTION 2 Phiwe is one of the shareholders of GEP Fund Ltd. GEP Fund Ltd is a subsidiary of Global Investments Ltd. Global Investments Ltd

QUESTION 2

Phiwe is one of the shareholders of GEP Fund Ltd. GEP Fund Ltd is a subsidiary of Global Investments Ltd. Global Investments Ltd has both an audit committee and a social and ethics committee. With reference to the Companies Act 71 of 2008, advise Phiwe on the types of companies that must appoint an audit committee and explain whether GEP Ltd must appoint an audit committee (10 Marks)

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