Companies Act, 2008 (Act No. 71 of 2008)
Companies Regulations, 2011
Chapter 3 : Enhanced Accountability and Transparency
42. Qualifications for members of audit committees
See section 94(5)
For the purposes contemplated in section 94 (5), at least one-third of the members of a company's audit committee at any particular time must have academic qualifications, or experience, in economics, law, corporate governance, finance, accounting, commerce, industry, public affairs or human resource management.