|
|
Group |
Company |
|
2022
R'000 |
2021
R'000 |
2022
R'000 |
2021
R'000 |
Loan to subsidiary – Merafe Ferrochrome |
— |
— |
965,184 |
985,157 |
The loan is unsecured, interest free, and has no fixed term of repayment. The loan is repayable on demand with less than a
year's notice, however it is not expected to be settled within one year from the reporting date. Loss allowances on
intercompany loans are measured at an amount equal to lifetime of the ECLs as the loans are repayable on demand
discounted by an effective interest rate of 0%. Merafe Ferrochrome has sufficient available cash to repay the loan if it was
demanded at the reporting date, no expected credit loss is recognised. |