Investments in Associates (Tables)

12 Months Ended

Jun. 30, 2019

Interest in Other Entities [Abstract]

Movement In Investments In Associates

The movement in the investments in associates during the year is as follows:

	SA rand
Figures in million	2019		2018
Balance at beginning of year	84		46
Redemption of preference shares	(32	)	—
Share of profit/(loss) in associate	59		54
Impairment loss1	—		(16	)
Balance at end of year	110		84

¹The impairment in 2018 relates to Rand Refinery. The recoverable amount of R84 million was determined using a pre-tax discount rate of 15.7%.