|
|
2015 |
2014 |
|
|
R’000 |
R’000 |
14 |
LONG-TERM BORROWINGS |
|
|
|
3 461 (2014: 3 461) unsecured redeemable preference shares of R100 000 each issued to the Standard Bank of South Africa Limited (SBSA) with dividends payable half-yearly at 75% of the prime lending rate published by SBSA |
|
|
|
Unredeemed at beginning of year |
346 100 |
846 100 |
|
Voluntary redemption in prior year: 24 March 2014 – 5 000 shares |
|
(500 000) |
|
Balance: 3 461 (2014: 3 461) shares 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 |
39 055 |
|
|
|
|