Fair values of financial instruments

The group uses the following hierarchy for determining and disclosing the fair value inputs of financial instruments:
Level 1 – quoted prices in an active market that are unadjusted for identical assets or liabilities;
Level 2 – valuation techniques using inputs, which are directly or indirectly observable; and
Level 3 – valuations based on data that is not observable (not applicable to the group).

The values of all other financial instruments recognised, but not subsequently measured at fair value, approximate fair value. The following assets, all measured at level 1, were required to be recorded at fair value as follows:

 

R‘000   Half-year
ended
31 December
2017
Unaudited
Level 1		     Half-year
ended
31 December
2016
Unaudited
Level 1		   Year
ended
30 June
2017
Audited
Level 1		  
Assets measured at fair value                  
Available-for-sale listed investments     223 876     240 008   229 376  
Available-for-sale unlisted investments     21 559     27 363   24 098  
      245 435     267 371   253 474