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Financial instruments and risk management (Tables)
12 Months Ended
Dec. 31, 2024
Disclosure Of Fair Value Of Financial Assets And Financial Liabilities And Risk Management [Abstract]  
Schedule of significant financial instruments measured at fair value by level within the fair value hierarchy The following table sets out the Group’s significant financial instruments measured at fair value by level within the fair value hierarchy:
Figures in million - SA rand
2024
2023 (restated)
2022 (restated)
Level 1
Level 2
Level 3
Level 1
Level 2
Level 3
Level 1
Level 2
Level 3
Financial assets measured at fair value
Environmental rehabilitation obligation funds
—
3,750
—
—
3,212
—
—
2,801
—
Trade receivables — PGM concentrate sales
—
965
—
—
3,407
—
—
3,564
—
Trade receivables — Zinc provisional price sales
—
356
—
—
108
—
—
—
—
Other investments
1,517
504
1,151
1,241
411
1,233
1,975
345
855
Palladium hedge contract
—
—
—
—
—
—
—
50
—
Financial liabilities measured at fair value
Derivative financial instrument
—
—
—
—
3,810
—
—
—
—
Gold hedge contracts
—
282
—
—
140
—
—
—
—
Zinc hedge contracts
—
208
—
—
33
—
—
—
—
Metals borrowing liability
855
—
—
—
—
—
—
—
—
Contingent consideration
—
—
—
—
—
1,570
—
—
—
The table below summarises the movement in financial assets and financial liabilities classified as level 3 in the table above:
Figures in million - SA rand
2024
2023
2022
Financial assets measured at fair value
Balance at beginning of the year
1,233
855
224
Fair value movement recognised in profit or loss
(113)
108
152
Fair value movement recognised in other comprehensive income
31
(59)
(8)
Additions
—
323
483
Foreign currency translation
—
6
4
Balance at end of the year
1,151
1,233
855
Financial liabilities measured at fair value
Balance at beginning of the year
1,570
—
—
Initial recognition
—
1,433
—
Fair value movement recognised in profit or loss
(396)
137
—
Payment made
(1,174)
—
—
Balance at end of the year
—
1,570
—
Schedule of liquidity risk The following are contractually due, undiscounted cash flows resulting from maturities of financial liabilities including interest payments:
Figures in million – SA rand
Total
Within one
year
Between
one and
two years
Between
two and
three years
Between
three and
five years
After five
years
31 December 2024
Other payables
6,758
1,644
94
175
245
4,600
Trade and other payables
10,374
10,374
—
—
—
—
Borrowings
- Capital
R6.5 billion RCF
3,000
—
—
3,000
—
—
US$ Convertible Bond
9,380
—
—
—
9,380
—
2026 and 2029 Notes
22,512
—
12,663
—
9,849
—
Burnstone Debt
146
—
—
—
—
146
Keliber loan facilities
5,858
—
—
422
2,314
3,122
Other borrowings
438
331
12
13
28
54
Franco-Nevada liability
4
4
—
—
—
—
- Interest
17,407
1,930
1,880
1,317
1,680
10,600
Total
75,877
14,283
14,649
4,927
23,496
18,522
31 December 2023
Other payables
12,757
2,203
188
277
477
9,612
Trade and other payables
11,678
11,678
—
—
—
—
Borrowings
- Capital
R5.5 billion RCF
4,000
4,000
—
—
—
—
US$ Convertible Bond
9,285
9,285
—
—
—
—
2026 and 2029 Notes
22,284
—
—
12,535
—
9,749
Burnstone Debt
145
—
—
—
145
—
Other borrowings
40
11
5
5
10
9
Franco-Nevada liability
3
3
—
—
—
—
Stillwater Convertible
Debentures
4
4
—
—
—
—
- Interest
17,328
1,339
941
876
1,049
13,123
Total
77,524
28,523
1,134
13,693
1,681
32,493
31 December 2022
Other payables
11,201
4,050
201
467
986
5,497
Trade and other payables
10,893
10,893
—
—
—
—
Borrowings
- Capital
2026 and 2029 Notes
20,436
—
—
—
11,495
8,941
Burnstone Debt
132
—
25
107
—
—
Other borrowings
41
9
7
4
8
13
Franco-Nevada liability
2
2
—
—
—
—
Stillwater Convertible
Debentures
4
4
—
—
—
—
- Interest
13,412
862
865
868
1,344
9,473
Total
56,121
15,820
1,098
1,446
13,833
23,924