| For the year ended | ||
| 31 December 2023 Audited R'000 |
31 December 2022 Audited R'000 |
|
|---|---|---|
| Profit before tax | 2 353 256 | 1 949 477 |
| Depreciation and amortisation | 249 319 | 219 473 |
| Effect of exchange rate fluctuations | (7 843) | 49 623 |
| Income from equity-accounted investment | (19 083) | (3 944) |
| Finance income | (40 941) | (26 078) |
| Finance expense | 2 670 | 1 487 |
| Impairment | – | 236 |
| Movement in rehabilitation provision | (25 635) | 11 478 |
| Other non-cash movement | 4 422 | 4 223 |
| Loss/(profit) on sale of property, plant and equipment | 29 | (650) |
| Fair value adjustment on provisionally priced revenue | (781) | 63 933 |
| Movement in long-term receivable | 1 376 | (25 219) |
| Share grants vested | (10 129) | (2 284) |
| Share-based payment expense | 11 115 | 12 848 |
| Net realisable value inventory adjustment | 2 046 | 1 288 |
| Changes in working capital: | ||
| Inventories | 454 018 | (721 650) |
| Trade and other receivables | (675 134) | 622 565 |
| Trade and other payables | 105 820 | (22 555) |
| Cash generated from operating activities | 2 404 525 | 2 134 251 |
| Interest received | 37 721 | 23 666 |
| Interest paid | (3 901) | (3 358) |
| Dividends from associates | 11 642 | – |
| Taxation paid | (570 661) | (456 863) |
| Net cash generated from operating activities | 1 879 326 | 1 697 696 |
| Acquisition of property, plant and equipment – sustaining | (617 551) | (466 396) |
| Acquisition of property, plant and equipment – expansionary | (53 814) | (17 841) |
| Proceeds from the sale of property, plant and equipment | – | 697 |
| Movement in other long-term receivable | – | (14 229) |
| Net cash utilised in investing activities | (671 365) | (497 769) |
| Repayment of capital portion on lease liabilities | (3 884) | (4 131) |
| Dividends paid | (824 712) | (849 703) |
| Net cash utilised in financing activities | (828 596) | (853 834) |
| Total cash movement for the year | 379 365 | 346 093 |
| Cash at the beginning of the year | 1 268 599 | 972 129 |
| Effect of exchange rate movement on cash balances | 7 843 | (49 623) |
| Total cash at the end of the year | 1 655 807 | 1 268 599 |