The relationship between SAX and its Auditors deteriorated to the extent that the 2011/2012 annual financial statements were not finalised. As a result of the breakdown in this relationship, the Auditors was rotated and the Auditor-General of South Africa was appointed to take over the audit of 2011/12 financial statements. The annual financial statements for the 2011/2012 will only be completed in March 2013.