Notes to the consolidated and separate annual financial statements | Note 19

19. Trade and other payables
 
  Group Company
R'000 2025 2024 2025 2024
Financial instruments:
Trade payables 496 954 624 308 547 1 062
Dividend payable 3 011 2 999 3 009 2 999
Other payables 13 747 10 698 – –
513 712 638 005 3 556 4 061
Non-financial instruments:
Employee benefit accruals 137 330 137 974 14 973 17 869
Other short-term provisions 67 735 107 101 – –
Other taxes payable 2 181 10 606 – –
720 957 893 686 18 529 21 930

Trade payables are non-interest-bearing and are normally settled on 30 to 45-day terms. Other payables are non-interest-bearing and are normally settled on 30-day terms. An accrual is recognised for the employer's liability for annual leave, annual bonus and associated costs. The accrual for annual leave is recognised when the employee renders the service, and the accrual is updated on a monthly basis. Employee benefits include an accrual for bonuses in terms of the Group's bonus scheme. The Group's exposure to currency, credit and liquidity risk related to trade and other payables are disclosed in note 28.

An employee benefit accrual is recognised for the employer's liability associated with the s189 process for annual leave, annual bonus and associated costs.

Other short-term provisions include provisions for community expenses (social labour plans). Other taxes payables relate to carbon and mining royalty taxes.

Refer to note 33 for other trade payables from related parties.