Section 964 of The Companies Act No. 17 of 2015: Experts’s report: valuation by another person
(1) If it appears to an expert that—
(a) a valuation is reasonably necessary to enable the expert’s report to be prepared; and
(b) that it is reasonable for such a valuation, or part of it, to be made by (or for the expert to accept a valuation made by) another person who—
(i) appears to the expert to have the requisite knowledge and experience to make the valuation or that part of it; and
(ii) satisfies the independence requirement in section 965, the expert may arrange for, or accept, such a valuation, together with a report that will enable the expert's report to be prepared under section 938 or 953.
(2) If a valuation is made by a person other than the expert, the expert shall state that fact in the expert's report and shall also—
(a) state the other person's name and what knowledge and experience that person has to make the valuation; and
(b) describe so much of the undertaking, property and liabilities as was valued by the other person, and the method used to value them, and specify the date of the valuation.
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