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EMPLOYEE BENEFITS (Tables)
12 Months Ended
Jun. 30, 2022
Employee benefits [Abstract]  
Liability for CLTI long term incentives expected to be settled in 12 months
Amounts in R million
Note
2022
2021
Movements in the total liability for long-term incentive scheme is as follows:
Opening balance
-
227.6
Share-based payment (benefit)/expense - CLTI scheme
5.3
-
(44.3)
Vested and paid
-
(183.3)
Liability for CLTI scheme at the end of the year
-
-
Reconciliation of outstanding phantom shares
2022
2021
Weighted
Weighted
average
average
Shares
price
Shares
price
Number
R per share
Number
R per share
Opening balance
-
9,845,638
Vested and paid
-
-
(9,845,638)
18.62
Closing balance
-
-
Disclosure of terms and conditions of share-based payment arrangement [line items]  
Share-based payment expense ELTI scheme
Amounts in R million
2022
2021
2020
Share-based payment expense - ELTI scheme
18.4
16.0
6.0
TSR performance in relation to percentiles of peer groups performance
Percentile of peers
% of performance shares
vesting
< 25th percentile
-
%
25th to < 50th percentile
25
%
50th to < 75th percentile
75
%
≥ 75th percentile
100
%
Monte Carlo simulation pricing model and key inputs
Grant date
October 20, 2021
October 22, 2020
December 2, 2019
Vesting date
October 20, 2024
October 22, 2023
December 2, 2022
Weighted average fair value of 80% performance shares
 
1
7.34
10.49
4.12
Weighted average fair value of 20% retention shares
12.32
18.67
5.49
Expected term (years)
3
3
3
Grant date share price of a DRDGOLD share
13.55
19.43
6.15
Expected dividend yield
3.15
%
1.33
%
3.81
%
Expected volatility
 
2
60.20
%
63.07
%
53.80
%
Expected risk free rate
5.78
%
3.82
%
6.80
%
1
 
The performance conditions are included in the
 
measurement of the grant date fair value as they
 
are classified as market-based performance
conditions
2
 
Expected volatility has been based on an evaluation
 
of the historical volatility of DRDGOLD’s share price,
 
commensurate with the expected
term of the options
Key management personnel remuneration
Key management personnel remuneration
Amounts in R million
Note
2022
2021
2020
- Board fees paid
7.8
7.6
6.2
- Salaries paid
82.5
75.5
67.3
- Short term incentives relating to this cycle
84.1
73.8
63.6
- Market value of long-term incentives vested and transferred
19.2
40.1
-
-
- Long term incentives paid during the cycle
19.1
-
183.3
41.5
214.5
340.2
178.6
Conditional shares [member]  
Disclosure of terms and conditions of share-based payment arrangement [line items]  
Reconciliation of number of shares
Reconciliation of the number of conditional shares
2022
2021
Shares
Number
Weighted
average price
 
R per share
Shares
Number
Weighted
average price
 
R per share
Opening balance
7,840,620
5,860,760
Granted
October 22, 2020
-
1,979,860
October 20, 2021
3,508,232
-
Vested
(2,862,654)
14.02
-
-
Forfeited
(892,528)
-
Closing balance
7,593,670
7,840,620
Vesting on
7,593,670
7,840,620
December 2, 2021
-
2,930,380
December 2, 2022
2,715,604
2,930,380
October 22, 2023
1,666,778
1,979,860
October 20, 2024
3,211,288
-