. Lease agreement: The Committee raised significant concern regarding the excessive cost incurred in entering into a new lease agreement for the Authority's corporate head office in Centurion to the cost of R87 million over a five-year period. The Committee further stated that the fact that the Authority specified an AAA-graded building was unacceptable for any entity finding itself in financial difficulty. The Authority stated that they wanted to improve the corporate image of PSIRA and thus decided on an AAA-graded building. The Committee was surprised by this response and stated that the improvements they speak of is cosmetic and that the Authority can only better their image by improving on service delivery.