| 2020 R'000 |
2019 R'000 |
|||||
|---|---|---|---|---|---|---|
| 31. | Borrowings | |||||
| Loans secured by lien over certain property, plant and equipment in terms of financial leases and suspensive sale agreements (refer note 15 Property, plant and equipment) | 9 284 | 47 023 | ||||
| Unsecured borrowings | 24 365 515 | 9 173 600 | ||||
| Listed bonds | 4 421 000 | 3 339 000 | ||||
| Cumulative redeemable preference shares | 2 080 000 | 2 080 000 | ||||
| Syndicated Euro facility | 6 151 655 | 3 190 563 | ||||
| Syndicated Sterling bridge facility | 11 055 619 | – | ||||
| Other borrowings | 657 241 | 564 037 | ||||
| Floorplan creditors secured by pledge of inventories (refer note 24 Inventories) | 939 041 | 641 089 | ||||
| Borrowings | 25 313 840 | 9 861 712 | ||||
| Bank overdrafts | 4 322 049 | 4 582 552 | ||||
| Total borrowings | 29 635 889 | 14 444 264 | ||||
| Less short-term portion of borrowings | (6 752 335) | (7 436 026) | ||||
| Long-term portion of borrowings | 22 883 554 | 7 008 238 | ||||
| Schedule of repayment of borrowings | ||||||
| Year to June 2020 | – | 2 853 474 | ||||
| Year to June 2021 | 2 430 286 | 4 091 727 | ||||
| Year to June 2022 | 12 552 748 | 1 490 733 | ||||
| Year to June 2023 | 8 005 806 | 4 936 | ||||
| Year to June 2024 | 1 407 000 | – | ||||
| Thereafter | 918 000 | 1 420 842 | ||||
| 25 313 840 | 9 861 712 | |||||
| Total borrowings comprise | ||||||
| Borrowings | 25 313 840 | 9 861 712 | ||||
| Local subsidiaries | 7 954 648 | 6 483 939 | ||||
| Foreign subsidiaries | 17 359 192 | 3 377 773 | ||||
| Overdrafts | 4 322 049 | 4 582 552 | ||||
| Local subsidiaries | 4 103 844 | 4 361 241 | ||||
| Foreign subsidiaries | 218 205 | 221 311 | ||||
| 29 635 889 | 14 444 264 | |||||
| Effective weighted average rate of interest on | % | % | ||||
| Local borrowings excluding overdrafts | 6.0% | 7.9% | ||||
| Foreign borrowings excluding overdrafts | 1.5% | 2.2% |