TRADE AND OTHER PAYABLES

12 Months Ended

Jun. 30, 2025

ACCOUNTING POLICIES

Trade and other payables, excluding Value Added Tax, payroll accruals, accrued leave pay and provision for performance-based

incentives, are non-derivative financial liabilities categorised as financial liabilities measured at amortised cost.

These liabilities are initially measured at fair value plus directly attributable transaction costs. Subsequent to initial recognition,

they are measured at amortised cost using the effective interest method. The Group derecognises a financial liability when its

contractual rights are discharged or cancelled or expire.

Short-term employee benefits are expensed as the related service is provided. A liability is recognised for the amount expected

to be paid if the Group has a present legal or constructive obligation to pay this amount as a result of past service provided by

the employee and the obligation can be estimated reliably.


Amounts in R million	Note	2025	2024

Trade payables and accruals1		753.9	720.6
Value Added Tax		2.9	1.2
Accrued leave pay		64.1	59.9
Accrual for short term performance based incentives		101.6	99.0
Payroll creditors		31.9	36.7

		954.4	917.4

Interest relating to trade payables and accruals included in profit or loss		(1.5)	(1.5)

RELATED PARTY BALANCES
Trade payables and accruals include the following amounts payable to related parties:
Sibanye-Stillwater		25.2	35.1
Rand Refinery		0.9	1.0
1 Included in trade payables and accruals is an amount of R119.3 million (2024: R96.2 million) related to capital projects.

LIQUIDITY RISK

Trade payables and accruals are all expected to be settled within 12 months from reporting date.

FAIR VALUE OF FINANCIAL INSTRUMENTS

The fair value of trade payables and accruals approximate their carrying value due to their short-term maturities.