Memorandum of Agreement

between the

Auditor-General of South Africa

established by section 181(1)(e) of the Constitution of the Republic of South Africa, 1996,

and governed by the Public Audit Act, 2.004 (Act No. 25 of 2004)

(hereinafter referred to as "AGSA")

and the

National Treasury

contemplated by 216(1) of the Constitution of the Republic of South Africa, 1996, and established in

terms of section 5(1) of the Public Finance Management Act, 1999 (Act No. 1 of 1999)

(hereinafter referred to as "NT")

(collectively referred to as "the Parties" or individually as "Party")