| Group |
Company |
| R'000 |
2024 |
2023 |
2024 |
2023 |
| Cash and cash equivalents consist of: |
|
|
|
|
| Cash on hand |
– |
26 |
– |
– |
| Bank balances |
1 434 104 |
1 328 082 |
2 680 |
1 732 |
| Short-term deposits |
360 807 |
327 699 |
– |
– |
| 1 794 911 |
1 655 807 |
2 680 |
1 732 |
| Reconciliation of cash in the Group |
|
|
|
|
| Cash in the Venture |
831 426 |
631 249 |
– |
– |
| Cash in the Venture for rehabilitation* |
360 756 |
327 648 |
– |
– |
| Cash in Merafe Resources |
2 680 |
1 732 |
2 680 |
1 732 |
| Cash in Merafe Ferrochrome |
592 002 |
687 672 |
– |
– |
| Cash in Kroondal Rehabilitation Trust** |
7 981 |
7 401 |
– |
– |
| Cash in Unicorn Chrome |
66 |
105 |
– |
– |
| 1 794 911 |
1 655 807 |
2 680 |
1 732 |
Cash at the bank earns interest at a floating rate based on daily bank deposit rates. Call deposits are made for
varying periods of between one day and one month depending on the immediate cash requirements of the Group,
and interest is earned at the respective call deposit rates.
The Group's exposure to interest rate risk and sensitivity analysis for financial assets and liabilities are disclosed
in note 27. While cash and cash equivalents are also subject to impairment requirements of IFRS 9: Financial
Instruments, the identified impairment loss was immaterial.
| * |
The cash held by the Venture for rehabilitation is not restricted but has been set aside to fund the environmental rehabilitation. The rehabilitation funding requirements
currently mandated by the Department of Mineral Resources and Energy are financed through guarantees. Refer to note 27. |
| ** |
The cash held is not available for general use by the Group and is held in a trust bank account to rehabilitate Kroondaal mine. |
|
