2016  2015 
    R’000  R’000 

1

INVESTMENT IN GROUP COMPANIES

   
  Joint-venture entity (refer below) 468 153  468 153 
  Subsidiary companies (refer below) 2 439  2 439 
    470 592  470 592 
  Investment in joint-venture entity    
  Assmang Proprietary Limited (Assmang)    
  1 774 103 (2015: 1 774 103) ordinary shares at cost 468 153  468 153 
  Investment in subsidiary companies (refer note 16)    
  Shares at cost 2 439  2 439 
  Amounts due by/(to) subsidiary companies (refer note 16)    
  Loan accounts receivable 4 629 538  4 680 891 
  Loan accounts payable (1 079 305) (1 078 041)
  Per note 16 3 550 233  3 602 850 
  Loan accounts receivable include cumulative redeemable preference shares in the amount of R4 034 million (2015: R4 087 million), issued to structured entities (SEs), recognised as subsidiary companies, with a coupon of 75% (2015: 75%) of the prime interest overdraft rate, published by the Standard Bank of South Africa Limited, and with no fixed terms of redemption. The remainder of the loan accounts receivable and all loan accounts payable are interest-free with no fixed terms of repayment. Loan accounts payable are not due within 12 months.    
       
  Accrued preference dividends from SEs (included as part of other receivables) 491 913  306 295