OPDT   OIL & PROTEIN SEEDS DEVELOPMENT TRUST
OAC   OILSEEDS ADVISORY COMMITTEE

OPDT
OIL & PROTEIN SEEDS DEVELOPMENT TRUST

OAC
OILSEEDS ADVISORY COMMITTEE

OPDT  //  Research Report 2017/2018

Financial overview

Investment and management of trust funds

Three (3) portfolio managers, Allan Gray, Foord and Old Mutual Wealth manage the OPDT trust funds. The invested funds include trust funds invested in a balanced portfolio (Allan Gray) following a more conservative approach than that of Foord and Old Mutual Wealth.

The performance of the respective portfolio managers are monitored and reviewed constantly. Presentations by each Fund Manager are made to the Board of Trustees at least annually.

Audit

Ashton Chartered Accountants are currently charged with the auditing of the OPDT's financial affairs.

As in the past, the auditors issued an unqualified audit report. The report noted the efficient operations and management of the affairs of the OPDT by all concerned.

The auditors expressed the opinion that they are keen for the Trust to consider the contents of the King IV Report and specifically the compilation of a Risk Analyses and implementation of an Audit Committee.