4.1 Overview The 2011/2012 financial year was characterised by interventions that sought to address issues that led to the withdrawal of the 2010/11 financial statements. The following interventions were since implemented: new board was appointed, increased shareholder oversight and reports, AGSA appointed as new auditors for SAX, cost containment initiatives, and a forensic audit was concluded. The board will await the audit results to assess the performance of Nkonki auditors, who have failed to honour invitations to meet with the board SAX.