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Notes to the company financial statements for the year ended 30 June 2009

Notes 1. INVESTMENT IN GROUP COMPANIES 2. AVAILABLE-FOR-SALE INVESTMENTS 3. SHARE CAPITAL /option> 4. SHARE PREMIUM 5. OTHER RESERVES 6. DEFERRED TAXATION 7. SHORT-TERM BORROWINGS 8. REVENUE 9. PROFIT BEFORE TAXATION 10. TAXATION 11. DIVIDENDS 12. NOTES TO THE CASH FLOW STATEMENTS 13. INTEREST OF COMPANY IN ITS SUBSIDIARY COMPANIES 14. FINANCIAL RISK MANAGEMENT 15. CAPITAL MANAGEMENT 16. CONTINGENT LIABILITIES

2009     2008           R’000     R’000   7.    SHORT-TERM BORROWINGS                 Altogether 220 redeemable cumulative variable rate preference shares issued to SBSA on                 15 September 2008, which are required to be redeemed in tranches of at least                 R500 million annually, commencing on the last day of February in 2010.                 At 30 June 2009, 77 shares have been redeemed in the amount of R752 million,                 in terms of authority granted by shareholders in a general meeting on 3 February 2009.                 The shares have a par value of one cent each, and include a premium of R9 999 999,99 each.                The preference dividends accrue at a rate linked to the prime lending rate applied by SBSA      1 430 000      –