2019  R’000			2018  R’000
7.	Cash generated by operations				*Re-presented
	Profit before taxation	5 221 123			5 322 210
	Costs incurred in respect of acquisitions	22 940			50 190
	Net finance charges	1 054 933			1 020 730
	Share of current year earnings of associates	(427 309)			(217 004)
	Depreciation and amortisation	1 698 014			1 680 638
	Share-based payment expense	190 109			154 986
	Impairment of property, plant and equipment and intangible assets	11 228			4 426
	Impairment of goodwill	–			15 258
	Remeasurement to recoverable fair value of associate	623 941			248 709
	Loss on disposal of interests in subsidiaries and associates, and disposal and closure of
	businesses	201 209			185 654
	Other non-cash items	(376 321)			(147 387)
	Remeasurement of post-retirement obligations	(20 382)			(19 025)
	Decrease in life assurance fund	(22 851)			(36 929)
	Working capital changes	(1 107 708)			1 523 258
	Decrease in inventories	44 123			45 270
	Increase in trade and other receivables	(99 242)			(776 913)
	Increase in banking and other advances	(764 085)			(421 236)
	(Decrease) increase in trade and other payables and provisions	(1 074 852)			1 467 099
	Increase in amounts owed to bank depositors	786 348			1 209 038
	Cash generated by operations	7 068 926			9 785 714

* Refer note 27 of the accounting policies.