2019 
R'000 		    2018 
R'000 		   
30.  Post-retirement obligations             
   Post-retirement assets             
   Defined benefit pension surplus  (241 390)    (224 577)   
   Post-retirement obligations             
   Post-retirement medical aid obligations  74 317     76 943    
      (167 073)    (147 634)   
   Pension and provident funds             
   The Group provides retirement benefits for its permanent employees through pension funds with defined benefit and defined contribution categories.            
  There are also a number of small funds within various employers of the Group. All funds are administered independently of the Group and are subject to the relevant pension fund legislation.        
  The Group operates a defined benefit fund through The Bidvest South Africa Pension Fund. Employer contributions to defined contribution funds are set out in note 2.         
   Summarised details of the defined benefit pension fund             
   Defined benefit pension obligations (assets) of the fund             
   The Bidvest South Africa Pension Fund  (241 390)    (224 577)   
      (241 390)    (224 577)   
   Contributions to the fund             
   Employee contributions  356     337    
   Total pension fund asset             
   Fair value of plan assets  625 295     623 979    
   Actuarial present value of defined benefit obligations  (381 253)    (390 780)   
   Net surplus in the plans  244 042     233 199    
   Amounts not recognised due to ceiling adjustments and other limitations  (2 652)    (8 622)   
      241 390     224 577    
   Movement in the liability for defined benefit obligations             
   Balance at beginning of year  (390 780)    (382 356)   
   Benefits paid  25 496     27 938    
   Risk premiums and expenses  999     1 042    
   Current service costs  (2 296)    (2 403)   
   Interest expense  (37 000)    (36 966)   
   Member contributions  (356)    (337)   
   Actuarial gains  22 684     2 302    
   Balance at end of year  (381 253)    (390 780)   
   Movement in the plans' assets             
   Balance at beginning of year  623 979     601 441    
   Transfer in to pensioner pool in respect of ex-gratia payments  101     –    
   Contributions paid into the plans  356     337    
   Benefits paid  (25 496)    (27 938)   
   Risk premiums and expenses  (1 986)    (2 052)   
   Interest income  59 345     58 366    
   Return on plan assets in excess of interest income  (31 004)    (6 175)   
   Balance at end of year  625 295     623 979    
   The plans' assets comprise             
   Cash  64 405     38 687    
   Equity securities  310 772     460 497    
   Bills, bonds and securities  108 801     94 845    
   Property  18 759     25 583    
   International  117 555     –    
   Other  5 003     4 367    
      625 295     623 979    
   Amounts recognised in the income statement             
   Current service costs  2 296     2 403    
   Transfer into pensioner pool in respect of ex-gratia payments  (101)    –    
   Interest on obligations  37 000     36 966    
   Interest income on plan assets  (59 345)    (58 366)   
   Ceiling adjustments and other limitations  836     1 604    
   Risk premiums and expenses  987     1 010    
      (18 327)    (16 383)   
   Amounts recognised in other comprehensive income             
   Return on plan assets in excess of interest income  31 004     6 175    
   Actuarial (gains) losses  (22 684)    (2 302)   
   Ceiling adjustments and other limitations  (6 806)    (9 181)   
      1 514     (5 308)   
   Key actuarial assumptions used in the actuarial valuations:             
   The Bidvest South Africa Pension Fund             
   Number of in service members 30 June  19     20    
   Number of pensioners 30 June  537     572    
   Discount rate (%) 9.3     9.7    
   Inflation rate (%) 5.6     6.2    
   Salary increase (%) 6.6     7.2    
   Pension increase allowance (%) 3.9     4.3    
   Date of valuation of all funds  30 June 2019     30 June 2018    
  

Assumptions regarding future mortality are based on published statistics and mortality tables.

Sensitivity analysis

The table below summarises the impact that a reasonably possible change in the respective assumption, occurring at the end of the year, would have, by increasing (decreasing) the net surplus in the plan, while holding all the other assumptions constant.

 		   

      2019 
Impact of an 
increase in 
assumption 
R'000 		    2018 
Impact of an
increase in 
assumption 
R'000 		   
  The Bidvest South Africa Pension Fund        
   Discount rate – 1%  7 497     6 366    
   Pension increase – 1%  (12 060)    (12 450)   
   Salary increase –1%  (4 650)    (3 833)   
   The sensitivity analyses presented above may not be representative of the actual change in the net surplus in the plans as it is unlikely that the change in assumptions would occur in isolation of one another as some of the assumptions may be correlated.             
   Post-retirement medical aid obligations             
   The Group provides post-retirement medical benefit subsidies to certain retired employees and is responsible for the provision of post-retirement medical benefit subsidies to a limited number of current employees.             
   Provision for post-retirement medical aid obligations             
   Opening provision raised against unfunded obligation  76 943     77 197    
   Current service costs (relief) (244)    (2 502)   
   Interest expense  6 170     6 632    
   Benefits paid  (7 981)    (6 772)   
   Actuarial adjustments recognised in other comprehensive income  (571)    2 388    
   Closing provision raised against unfunded obligation  74 317     76 943    
      %     %    
   Key actuarial assumptions             
   Discount rate  8.7     8.7    
   Inflation rate (CPI) 5.7     5.7    
   Healthcare cost inflation  7.7     7.7    
   Date of valuation  30 June 2019     30 June 2018    
  A change in the medical inflation rates will not have a significant impact on the post-retirement medical aid cost and related obligations.