2016	2015
		R’000	R’000
3	INTANGIBLE ASSETS
	Licences
	Carrying amount at beginning of year	429	609
	Amortisation for the year	(180)	(180)
	Carrying amount at end of year	249	429
	Goodwill
	Carrying amount at beginning of year	25 733	25 733
	Impairment of goodwill during the year (refer below)	(24 315)	–
	Carrying amount at end of year	1 418	25 733
		1 667	26 162
	Goodwill arises on the acquisition of the following entities:
	Minerais U.S. LLC	1 418	1 418
	Groupline Projects Proprietary Limited (Groupline)	–	24 315
	As above	1 418	25 733
	Goodwill in the amount of R24 315 000, relating to the acquisition of Groupline, was impaired due to insufficient projected cash flows to substantiate the recoverable amount. The directors are of the opinion that remaining goodwill recognised will be recovered in the form of future cash flows anticipated from Minerais U.S. LLC and is therefore not impaired.