23   TRADE AND OTHER PAYABLES
      2018 
R’000 		   2017 
R’000 		  
    Trade accounts payable 1 008 439   748 919  
    Derivative liability at fair value (1) –   752  
    Other payables 822 213   873 980  
     Accrued expenses 630 120   633 715  
     Black Managers Share Trust-cash-settled options 36 363   29 422  
     Deferred portion of purchase price of business combination (note 1.2) –   8 000  
     Deferred portion of intangible assets purchased (note 11) –   4 314  
     Sundry payables 155 730   198 524  
    VAT payable (2) 6 573   12 423  
    Interest accrued 1 705   1 123  
      1 838 930   1 637 197  
    (1) The derivative liability was settled within 90 days.
(2) VAT payable will be paid within one month.		        
    The maturity analysis of trade and other payables is as follows:        
    Trade Payables        
    <30 days 676 865   562 108  
    31 – 60 days 191 657   78 734  
    61 – 90 days 73 157   33 589  
    >90 days 66 760   74 488  
    Total 1 008 439   748 919  
    Other Payables        
    <30 days 236 308   303 855  
    31 – 60 days 64 011   75 182  
    61 – 90 days 251 388   252 699  
    >90 days 270 506   242 244  
    Total 822 213   873 980  
    The directors consider that the carrying amount of the trade and other payables approximates their fair value due to the short-term maturity.