2015	2014
		R’000	R’000
10	LONG-TERM BORROWINGS
	3 461 (2014: 3 461) unsecured redeemable preference shares of R100 000 each issued to the SBSA
	Unredeemed at beginning of year	346 100	846 100
	Voluntary redemption in prior year:
	24 March 2014 – 5 000 shares	–	(500 000)
	Balance to be redeemed by latest 24 February 2017	346 100	346 100
	Dividends paid on the preference shares during the year were as follows:
	On 6 October 2014 (2014: 7 October 2013)	11 304	27 859
	On 2 April 2015 (2014: 7 April 2014)	11 023	11 196
	On 5 March 2014, upon voluntary redemption of 5 000 shares	–	15 126
		22 327	54 181
	Dividends are payable half-yearly calculated at 75% of the prime lending rate.