| 21 | LONG-TERM BORROWINGS | |||||
| 2018 R’000 |
2017 R’000 |
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| Secured | ||||||
| Nedbank (1) | – | 250 000 | ||||
| Central Africa Building Society – Zimbabwe (2) | – | 1 908 | ||||
| – | 251 908 | |||||
| Less: Current portion included in short-term borrowings | – | (416) | ||||
| – | 251 492 | |||||
| (1) During the current year a voluntary repayment of R250 million was made out of surplus cash resources, in full and final settlement of the loan. (2) During the current year a voluntary repayment was made out of surplus cash resources, in full and final settlement of the loan. |
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| The undiscounted maturity profile of the Group's borrowings is as follows: |
| Secured loan at fixed interest rates R'000 |
Secured loan at variable interest rates R’000 |
Total R’000 |
||||
| 2017 | ||||||
| Capital repayment on loans | ||||||
| – payable within 12 months | 416 | – | 416 | |||
| – payable within 12 – 24 months | 416 | 250 000 | 250 416 | |||
| – payable thereafter | 1 076 | – | 1 076 | |||
| 1 908 | 250 000 | 251 908 | ||||
| Interest payment on loans* | ||||||
| – payable within 12 months | 229 | 22 693 | 22 922 | |||
| – payable within 12 – 24 months | 179 | 11 346 | 11 525 | |||
| – payable thereafter | 238 | – | 238 | |||
| 646 | 34 039 | 34 685 | ||||
| * Interest payments have been calculated using the interest rates at the reporting dates. |