Holding company of construction materials company Sephaku, SepHold, is finalising its financial results for the year ended March 31; however, the restrictions implemented by the South African government to curb the spread of the Covid-19 pandemic have impacted the finalisation of the company's yearly financial statement. SepHold notes that the process is taking longer than anticipated and that it will, therefore, rely on an extension granted by the Financial Sector Conduct Authority (FSCA). The FSCA granted companies with financial year-ends of December 31, 2019 to April 30, 2020 an extension of two months to complete their year-end financial reporting process.
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