Borrowings (Tables)

12 Months Ended

Jun. 30, 2019

Financial Instruments [Abstract]

Disclosure of Terms and Debt Repayment Schedule

	Commenced	Tenor (Years)	Matures	Secured	Security	Interest payment basis	Interest charge	Repayment term	Repaid
R1 billion revolving credit facility	February 2017	Three	February 2020	Yes	Cession and pledge of operating subsidiaries' shares and claims	Variable	JIBAR + 3.15%	On maturity	November 2018
R2 billion facility	November 2018	Four	November 2022	Yes	Cession and pledge of operating subsidiaries' shares and claims	Variable
- R600 million term loan							JIBAR + 2.9%	Eight equal quarterly instalments with the final instalment on maturity
- R1.4 billion revolving credit facility							JIBAR + 2.8%	On maturity
US$350 million facility	July 2017	Three	July 2020	Yes	Cession and pledge of operating subsidiaries' shares and claims	Variable		On maturity
- US$175 million revolving credit facility							LIBOR + 3.0%
- US$175 million term loan							LIBOR + 3.15%
US$200 million bridge loan	October 2017	One	October 2018	Yes	Cession and pledge of operating subsidiaries' shares and claims	Variable		On maturity	July 2018
						First 6 months	LIBOR + 2.5%
						Next 3 months	LIBOR + 3.0%
						Last 3 months	LIBOR + 3.5%
US$24 million Westpac loan	July 2018	Four	July 2022	Yes	Cession and pledge of vehicles and machinery	Variable	LIBOR + 3.2%	Quarterly instalments

Disclosure of Interest Bearing Borrowings

INTEREST BEARING BORROWINGS

	SA rand
Figures in million	2019		2018
Non-current borrowings
R1 billion revolving credit facility	—		497
Balance at beginning of year	497		299
Draw down	500		500
Repayments	—		(300	)
Refinancing	(997	)	—
Issue cost	—		(2	)
R2 billion facility	1 489		—
Refinancing	1 000		—
Draw down	700		—
Repayments	(200	)	—
Issue cost	(16	)	—
Amortisation of issue cost	5		—
Westpac fleet loan	194		—
Draw down	322		—
Repayments	(64	)	—
Transferred to current liabilities	(89	)	—
Translation	25		—
US$350 million facility	4 143		4 427
Balance at beginning of year	4 427		—
Draw down	—		4 127
Repayments	(422	)	—
Issue cost	—		(94	)
Amortisation of issue costs	44		33
Translation	94		361
Total non-current borrowings	5 826		4 924

29 BORROWINGS continued

INTEREST BEARING BORROWINGS continued

	SA rand
Figures in million	2019		2018
Current borrowings
R1 billion revolving credit facility	—		3
Balance at beginning of year	3		3
Refinancing	(3	)	—
US$250 million revolving credit facility	—		—
Balance at beginning of year	—		1 831
Repayments	—		(1 847	)
Amortisation of issue costs	—		4
Translation	—		12
Westpac fleet loan	89		—
Transferred from non-current liabilities	89		—
US$200 million bridge loan	—		687
Balance at beginning of year	687		—
Draw down	—		2 310
Repayments	(667	)	(1 916	)
Issue cost	—		(3	)
Translation	(20	)	296
Total current borrowings	89		690
Total interest-bearing borrowings	5 915		5 614

	SA rand
Figures in million	2019	2018
The maturity of borrowings is as follows:
Current	89	702
Between one to two years	4 232	497
Between two to four years	1 594	4 415
	5 915	5 614

	SA rand
Figures in million	2019	2018
Undrawn committed borrowing facilities:
Expiring within one year	—	—
Expiring after one year	1 277	845
	1 277	845

Disclosure of Effective Interest Rates

	2019	2018
	%	%
R1 billion revolving credit facility	10.1	10.2
R2 billion facility	10.0	—
Westpac fleet loan	5.5	—
US$250 million revolving credit facility	—	4.2
US$350 million facility	5.6	4.8
US$200 million bridge loan	5.1	4.5