29. Borrowings
 
  2018
R'000 		    2017
R'000		  
Loans secured by mortgage bonds over fixed property (refer note 14) –        30 644    
Loans secured by lien over certain property, plant and equipment in terms of financial leases and suspensive sale agreements (refer note 14) 62 072        75 786    
Unsecured borrowings  9 086 296        8 503 602    
     Listed bonds  2 250 000        3 675 000    
     Cumulative redeemable preference shares  3 080 000        3 080 000    
     Syndicated EURO facility  3 182 552        –    
     Other borrowings  573 744        1 748 602    
Floorplan creditors secured by pledge of inventories (refer note 23) 666 104        860 276    
Borrowings  9 814 472        9 470 308    
Bank overdrafts  2 653 895        1 246 133    
Total borrowings  12 468 367        10 716 441    
Less short-term portion of borrowings  (5 345 882)       (5 308 369)   
Long-term portion of borrowings  7 122 485        5 408 072    
Schedule of repayment of borrowings                
Year to June 2018  –        4 062 236    
Year to June 2019  2 691 987        1 523 669    
Year to June 2020  2 649 313        2 660 084    
Year to June 2021  4 095 631        885 768    
Year to June 2022  309 134        306 855    
Thereafter  68 407        31 696    
   9 814 472        9 470 308    
Total borrowings comprise                
Borrowings  9 814 472        9 470 308    
     Local subsidiaries  6 433 559        9 233 362    
     Foreign subsidiaries  3 380 913        236 946    
Overdrafts  2 653 895        1 246 133    
     Local subsidiaries 2 444 538        1 217 107    
     Foreign subsidiaries  209 357        29 026    
   12 468 367        10 716 441    
Effective weighted average rate of interest on  %        %    
Local borrowings excluding overdrafts  7,6        7,8    
Foreign borrowings excluding overdrafts  2,3        8,5    
  Currency     Nominal
interest rate
%		     Financial
year of
maturity		     2018

Carrying
value
R'000		       2017

Carrying
value
R'000		  
Terms and debt repayment schedule                              
Terms and conditions of outstanding loans were:                              
Borrowings of local subsidiaries                   6 433 559       9 233 362  
Loans secured by mortgage bonds over fixed property ZAR                 –       24 031  
Loans secured by lien over certain property, plant and equipment in terms of financial leases and suspensive sale agreements ZAR     10,5 – 17,8     2019 – 2020     294       3 396  
    Listed bonds ZAR     8,5 – 8,8     2019 – 2022     2 250 000       3 675 000  
        Cumulative redeemable preference shares ZAR     6,6 – 6,7     2020 – 2021     3 080 000       3 080 000  
        Other borrowings ZAR     0,0 – 10,7     2019 – 2021     566 135       1 738 845  
        Floorplan creditors secured by pledge of inventories and property bonds ZAR     8,3 – 9,3     2019     537 130       712 090  
Borrowings of foreign subsidiaries                   3 380 913       236 946  
    Loans secured by mortgage bonds over fixed property GBP                 –       3 442  
  NAD                 –       3 171  
    Loans secured by lien over certain property, plant and equipment in terms of financial leases and suspensive sale agreements GBP     2,3 – 18,4     2019 – 2022     41 035       44 672  
  EUR     7,4 – 16,4     2019 – 2022     19 871       –  
  BWP                 –       14 108  
  AOA                 –       12 927  
  NAD     10,5 – 13,6     2019 – 2021     722       463  
  MUR     12,0     2019 – 2020     149       220  
Floorplan creditors secured by pledge of inventories ZAR     11,00     2019     64 610       82 530  
  NAD     9,75 – 10,0     2019     64 364       65 656  
Other borrowings EUR     1,8     2021     3 182 552       –  
  BWP     9,0     2019     2 184       6 258  
  Other     0,0 – 8,5     2019     5 426       3 499  
Total interest-bearing borrowings                   9 814 472       9 470 308  

The expected maturity dates are not expected to differ from the contractual maturity dates.

Refer note 38 for further disclosure.