Section 723 of The Companies Act No. 17 of 2015: Term of office of auditors of public company
(1) The auditor or auditors of a public company hold office in accordance withthe terms of their appointment, subject to the requirements that—
(a) they do not take office until the previous auditor or auditors have ceased to hold office; and
(b) they cease to hold office at the conclusion of the financial statements meeting next following their appointment, unless re-appointed.
(2) Subsection (1) does not affect the operation of the provisions of this Part relating to the removal and resignation of auditors.
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