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EQUITY
 12 Months Ended
Jun. 30, 2022
Equity [abstract]  
Equity
Amounts in R million
2022
2021
2020
Authorised share capital
1,500,000,000
, (2021 and 2020:
1,500,000,000
) ordinary shares of
no
 
par value
5,000,000
 
(2021 and 2020:
5,000,000
) cumulative preference shares of
10
 
cents each
0.5
0.5
0.5
Issued share capital
864,588,711
 
(2021 and 2020:
864,588,711
) ordinary shares of
no
 
par value
6,208.4
6,208.4
6,208.4
6,612,266
 
(2021 and 2020:
9,474,920
) treasury shares held within the Group (a)
(35.6)
(51.0)
(51.0)
5,000,000
 
(2021 and 2020:
5,000,000
) cumulative preference shares of 10 cents each
0.5
0.5
0.5
6,173.3
6,157.9
6,157.9
RELATED PARTY
 
RELATIONSHIPS AND TRANSACTIONS
(a)
 
Treasury shares
Shares
 
in
 
DRDGOLD Limited
 
are
 
held
 
in treasury
 
by
 
Ergo Mining
 
Operations Proprietary
 
Limited
 
("
EMO
").
No
 
shares were
acquired in the market during
 
the year ended June 30,
 
2022, the year ended June
 
30, 2021 or the
 
year ended June 30, 2020
 
.
During
 
the
 
year
 
ended
 
June
 
30,
 
2022
2,862,654
 
shares
 
were
 
used
 
to
 
settle
 
the
 
equity settled
 
share-based
 
payment,
 
at
nil
cashflow
 
to
 
the
 
Group.
 
R
15.4
 
million,
 
representing
 
the
 
average
 
cost
 
of
 
the
 
treasury
 
shares
 
used
 
to
 
settle
 
the
 
share
 
based
payment, was transferred to retained earnings.
All ordinary shares rank equally regarding the Company’s residual assets. Holders of ordinary shares are entitled to dividends as
declared from time to
 
time and are entitled to
 
one vote per share
 
at general meetings of the
 
Company. All
 
rights attached to the
Company’s shares held by the Group are suspended until those shares are reissued.
Preference shareholders participate only to the
 
extent of the face value of the
 
shares. Holders of preference shares do not
 
have
the right to participate in any additional dividends declared for ordinary shareholders. These shares do not have voting rights.
After June 30, 2022, a dividend of
40
 
cents per qualifying share amounting to R
342.0
 
million was approved by the directors as
a final dividend for the year ended June 30, 2022. The
 
dividend has not been provided as at June 30, 2022 and does not
 
have
any tax impact on the Group.
Amounts in R million
2022
2021
2020
Dividends paid during the year net of treasury shares:
Final dividend declared relating to prior year:
40
 
SA cents per share (2021:
35
 
SA cents
per share; 2020:
20
 
SA cents per share)
342.0
299.3
137.5
First interim dividend:
20
 
SA cents per share (2021:
40
 
SA cents per share; 2020:
25
 
SA
cents per share)
171.6
342.0
213.8
Second interim dividend nil SA cents per share (2021: nil SA cents per share; 2020:
25
SA cents per share)
-
-
213.8
Total
513.6
641.3
565.1
ACCOUNTING POLICIES
Stated share capital
Ordinary shares and the cumulative preference shares are
 
classified as equity. Incremental costs directly attributable to the issue
of ordinary shares are recognised as a deduction from equity, net of any tax effect.
Repurchase and reissue of share capital (treasury shares)
When shares
 
recognised as
 
equity are
 
repurchased, the
 
amount of
 
the consideration
 
paid, which
 
includes directly
 
attributable
costs is
 
recognised as
 
a deduction
 
from equity.
 
Repurchased shares
 
are classified
 
as treasury
 
shares and
 
are presented
 
as a
deduction from stated share capital.
Dividends
Dividends are recognised
 
as a liability
 
on the date on
 
which they are declared
 
which is the date
 
when the shareholders’
 
right to
the dividends vests.
21
 
EQUITY
21.1
 
STATED
 
SHARE CAPITAL
21.2
 
DIVIDENDS