DEREK FOSTER

							CURRICULUM VITAE
       OF



DEREK FOSTER
                              Derek Foster




                      PERSONAL DETAILS

Name                   Derek Arthur Foster

Identity Number        520718 5033 087

Date of Birth          18 July 1952

Gender                 Male

Nationality            South African

Race                   Caucasian

Marital status         Married to Sally Foster - Housewife

Father                 Albert Ernest Foster
Father’s occupation    Grain elevator Operator (since deceased)

Mother                 Maria Eliza Foster
Mother’s occupation    Housewife (since deceased)

Marital status         Married

Religion               Christian - Dutch Reformed Church

Residential address    25 Oubos Residential Estate
                       Bloemfontein
                       9301


Postal address         PO Box 13268
                       Noordstad
                       9302

Cell phone             082 558 4403

Fax                    086 625 0258

E-mail address         derek.foster@webmail.co.za

Driver’s license       Code EB

Languages              Afrikaans:
                       Fluently speak, read and write

                       English:
                       Fluently speak, read and write
                                      Derek Foster



                                South Sotho:
                                Limited capabilities

Current occupation              Director/Partner at Pricewaterhouse Coopers Inc

Memberships                     SAICA (South African Institute of Chartered Accountants)

                                IRBA (Independent Regulatory Body of Auditors)
                                IoD (Institute of Directors)

Computer Skills

Good knowledge and experience with:
                                 Excel
                                 Word
                                 PowerPoint
                                 Pastel
                                 EasyFile (SARS)
                                 CATS (Standard Bank Secure Banking System)
                                 ABSA Internet Banking


                                Work Experience

January 1972                    Meyer Nel & Co
                                Bloemfontein
                                South Africa

Position                        Trainee accountant


Duties                          General auditing
                                Accounting and tax services to large and smaller entities

January 1976                    Meyer Nel & Partners
                                Bloemfontein
                                South Africa

Position                        Audit Senior


Duties                          Management of audit and other assignments
                                General auditing
                                Accounting and tax services to large and smaller entities
                                Compiling of Financial Statements
                                Auditing of Financial Statement

September 1978                  Meyer Nel & Partners
                                Bloemfontein
                                South Africa
                                               Derek Foster


Position                                 Audit manager

Duties                                   Management of audit and other assignments
                                         General auditing,
                                         Accounting and tax services to large and smaller entities
                                         Compiling of Financial Statements
                                         Auditing of Financial Statement

March 1980 to date                       Brink Roos & du Toit
                                         Theron van der Poel Brink Roos
                                         Theron du Toit
                                         Coopers Theron du Toit
                                         Coopers & Lybrand
                                         PricewaterhouseCoopers Inc
                                         Bloemfontein
                                         South Africa

Position                                 Partner/Director


Duties                                   General business advice
                                         Accounting and finance
                                         Business turnaround
                                         Restructuring of clients’ businesses
                                         Auditing of financial statements of both large and small
                                         entities
                                         Legal intervention with establishment of trusts and
                                         companies
                                         Forensic investigations
                                         Tax planning
                                         Estate planning and drafting of wills




Main clients served
       Listed companies and affiliates:
                                     Raubex Group Ltd
                                     Country Bird Holdings Ltd
                                     First National Bank Ltd – Lesotho branch
                                     Standard Lesotho Bank Ltd
                                     Stanlib Lesotho Ltd
                                     Imperial Fleet Services Lesotho Ltd
                                     Die Volksblad (Media 24)
                                     Agri Risk Specialists (Pty) Ltd – subsidiary of Santam
                                     Insurance Ltd
                                     Vodacom Lesotho Ltd

         Other Private Sector entities
                                         Free State Agriculture
                                         Central Agricultural Show
                                         Suidwes Controlling Ltd
                                         Oos Vrystaat Kaap Beherend Ltd
                                            Derek Foster


                                            VETSAK Ltd
                                            Pension Funds administered by ABSA Consultants
                                            & Actuaries Ltd

                                            Visimed Medical Aid Fund/MyHealth
                                            NG Church in the Free State
                                            Stanlib Lesotho unit trusts administered by Stanlib
                                            Lesotho Ltd

Audits on behalf of the Auditor-General     Bloemfontein Transitional Local Council

                                            Botshabelo Transitional Local Council
                                            Free State Department of Health
                                            Mangaung Local Municipality
                                            Bloem-Area District Council
                                            Philippolis Transitional Local Council
                                            Bultfontein Transitional Local Council
                                            Brandfort Transitional Local Council

Forensic services                           Asset Forfeiture Unit appointment as curator bonis

Management advisory services                Lesotho Highlands Development Agency


                                          Education

Primary School attended                     Westminster Farm School

High School attended                        Excelsior High School

Highest grade passed                        Grade 12

Subjects passed                             Afrikaans
                                            English
                                            History
                                            Science
                                            Accounting
                                            Mathematics

University attended                         University of the Free State
                                            Bloemfontein
                                            South Africa

University qualification obtained           B Comm - Accounting
                                            B Comm Hons
                                            CTA (Certificate in the Theory of Accountancy)

Professional qualification obtained         CA (SA)
                                   Derek Foster

                                   Leadership
Member of student body (prefect)     Westminster Farm School (prefect)
                                     Excelsior High School (head prefect)
                                     SRC UFS (Student Representative Council)

Compulsory Military Training         Second Luitenant during training
                                     Appointed as Luitenant
                                     Qualified and appointed as Captain
                                     Acted as Company Commander

Other achievements                   Chairperson of Bloemfontein Regional Association
                                     of Chartered Accountants
                                     Chairperson of Bloemfontein Junior Chamber of
                                     Commerce
                                     President of Free State Society of Chartered
                                     Accountants
                                     Council member of BCCI (Bloemfontein Chamber
                                     of Commerce and Industry)
                                     Chairman of BCCCC (Bloemfontein Commercial
                                     Crime Combatting Committee)

                                     Sport
Rugby                                First team for the Excelsior High School during
                                     Standard 9 and Standard 10


                                     Eastern Free State school team during
                                     matric

                                     Army Gymnasium Heidelberg second team

                                     Old Students’ first and second team while being
                                     part-time student at UFS
                                     Cycling Casual cyclist, finishing 3 Argus races

                                     Scuba diving Qualified open water diver

                                     4 X 4 driving Qualified off road driver and
                                     participated in a number of activities

                                     Squash Casual player
                                         Derek Foster


                               Professional Activities
Commenced training as chartered accountant              1972 – Meyer Nel & Co
Commenced part-time studies for CTA                     1972 – University of Free State
Obtained B Comm                                         1975 – University of Free State
Completed period of articles                            1975 – Meyer Nel & Co
Appointed as audit senior                               1976 – Meyer Nel & Co
Obtained CTA (Certificate in Theory of Accountancy)     1977 – University of Free State
Wrote and passed the Board Exam                         1978 – CA (SA)
Obtained B Comm (Hons)                                  1979 – University of Free State
Admitted to partnership                                 1980 – Brink Roos & du Toit
                                                        PwC Pension and Retirement Fund
                                                        interest Group
                                                        PwC Listed Companies Forum
                                                        PwC Agricultural Interest Group
                                                        PwC Technical Committee
                                                        PwC Ethics Committee
                                                        PwC Compensation Committee
                                                        PwC Management Board

                                                        SAICA Disciplinary Committee
                                                        PAAB Training Committee
                                                        SAICA Accounting Practices
                                                        Committee
                                                        Member of Special Income Tax
                                                        Committee
                                                        Chairperson of Free State
                                                        Subvention Committee of SAICA
                                                        External examiner for Accounting
                                                        600 as part of the CTA curriculum
                                                        Trustee of the Academic Children’s
                                                        Trust
                                                        Accredited by IRBA to act as auditor
                                                        to JSE listed companies
                                                        Responsible for Business
                                                        Development within the Central
                                                        Region of PwC
                                         Derek Foster


                                      Recreation

Gym

Hunting (qualified dedicated hunter – CHASA)

Reading

Outdoor driving

Farming



                                      References

Mr Connie Hertzog                                       Partner
                                                        PricewaterhouseCoopers
                                                        Bloemfontein
                                                        South Africa

       Telephone                                        051- 503 4100


Prof Dave Lubbe                                         Senior Lecturer
                                                        Centre for Accounting
                                                        University of Free State
                                                        Bloemfontein
                                                        South Africa

       Telephone                                        051- 444 0100


Mr Werner Landman                                       Manager Business Development
                                                        PricewaterhouseCoopers
                                                        Bloemfontein
                                                        South Africa

       Telephone                                        051- 503 4100


Prof Ronell Britz                                       Head of Department
                                                        Centre for Accounting
                                                        University of the Free State
                                                        Bloemfontein

       Telephone                                        051- 401 2333