Cash and cash equivalents

12 Months Ended

Dec. 31, 2024

25. Cash and cash equivalents

Accounting policy

Cash comprises cash on hand and demand deposits. Cash equivalents are short-term, highly liquid investments readily convertible to

known amounts of cash and which are subject to an insignificant risk of changes in value. Cash equivalents are held to meet short-term

cash commitments. Cash and cash equivalents are measured at amortised cost, which is deemed to be fair value due to its short maturity.

Statement of cash flows

The acquisition date fair value of deferred payments and contingent consideration relating to business combinations is part of

the aggregate consideration for obtaining control of the underlying net assets. Therefore, unless the obligations are clearly part of the

borrowing structure of the group, repayments of the acquisition date fair value are classified as investing activities. Additional deferred/

contingent payments in excess of the acquisition date fair value are considered to be operating activity cash flows by nature.


Figures in million – SA rand	2024	2023	2022
Cash at the bank, on hand and cash equivalents	16,049	25,560	26,076
Total cash and cash equivalents	16,049	25,560	26,076

Fair value of cash and cash equivalents

The carrying value of cash and cash equivalents approximates fair value due to the short-term nature of the balances.

Credit risk

The Group is exposed to credit risk on the total carrying value of cash and cash equivalents. The Group has reduced its exposure to credit

risk by dealing and investing with a number of major financial institutions (see note 36.2).