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Commitments And Contingencies
9 Months Ended
Mar. 31, 2025
Commitments And Contingencies [Abstract]  
Commitments And Contingencies
20.
 
Commitments and contingencies
Guarantees
The South African
 
Revenue Service and
 
certain of the
 
Company’s customers,
 
suppliers and other
 
business partners have
 
asked
the Company
 
to provide
 
them with
 
guarantees, including
 
standby letters
 
of credit,
 
issued by
 
South African
 
banks. The
 
Company is
required to procure these guarantees for these third parties to operate
 
its business.
RMB has
 
issued
 
guarantees
 
to
 
these
 
third
 
parties
 
amounting
 
to
 
ZAR
33.1
 
million
 
($
1.8
 
million,
 
translated
 
at
 
exchange
 
rates
applicable
 
as of
 
March 31,
 
2025) thereby
 
utilizing part
 
of the
 
Company’s
 
short-term
 
facilities. The
 
Company
 
pays commission
 
of
between
3.42
% per annum to
3.44
% per annum of the face
 
value of these guarantees and does
 
not recover any of the commission
 
from
third parties.
Nedbank has
 
issued guarantees
 
to these
 
third parties
 
amounting to
 
ZAR
2.1
 
million ($
0.1
 
million, translated
 
at exchange
 
rates
applicable
 
as of
 
March 31,
 
2025) thereby
 
utilizing part
 
of the
 
Company’s
 
short-term
 
facilities. The
 
Company
 
pays commission
 
of
between
0.47
% per annum to
1.84
% per annum of the face
 
value of these guarantees and does
 
not recover any of the commission from
third parties.
The Company
 
has not
 
recognized any
 
obligation related
 
to these
 
guarantees in
 
its consolidated
 
balance sheet
 
as of
 
March 31,
2025. The maximum
 
potential amount that
 
the Company could
 
pay under these
 
guarantees is ZAR
35.2
 
million ($
1.9
 
million, translated
at exchange rates applicable as
 
of March 31, 2025). As
 
discussed in Note 9, the
 
Company has ceded and
 
pledged certain bank accounts
to
 
Nedbank
 
as security
 
for
 
the guarantees
 
issued
 
by them
 
with
 
an
 
aggregate
 
value
 
of ZAR
2.1
 
million
 
($
0.1
 
million,
 
translated
 
at
exchange rates applicable as
 
of March 31, 2025). The guarantees
 
have reduced the amount available
 
under its indirect and derivative
facilities in the Company’s short-term
 
credit facilities described in Note 9.
Contingencies
The
 
Company
 
is
 
subject
 
to
 
a
 
variety
 
of
 
insignificant
 
claims
 
and
 
suits
 
that
 
arise
 
from
 
time
 
to
 
time
 
in
 
the
 
ordinary
 
course
 
of
business. Management
 
currently believes
 
that the
 
resolution of
 
these other
 
matters, individually
 
or in
 
the aggregate,
 
will not
 
have a
material adverse impact on the Company’s
 
financial position, results of operations or cash flows.