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Related party transactions (Tables) | 12 Months Ended
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Jun. 30, 2018
Related party transactions |
Schedule of material related party transactions |
|  | 2018 |  | 2017 |  | 2016 |
for the year ended 30 June |  | Rm |  | Rm |  | Rm |
Sales and services rendered from subsidiaries to related parties |  |  |  |  |  |  |
Joint ventures |  | 965 |  | 1 088 |  | 1 079 |
Purchases by subsidiaries from related parties |  |  |  |  |  |  |
Joint ventures |  | 671 |  | 617 |  | 592 |
Associates |  | 88 |  | 120 |  | 88 |
|  | 759 |  | 737 |  | 680 |
Schedule of key management remuneration |
|  |  |  | Retirement |  | Other |  | Annual |  | Total |  | Total |  | Total |
|  | Salary |  | funding |  | benefits |  | incentives (1) |  | 2018 |  | 2017 (2) |  | 2016 (2) |
|  | R’000 |  | R’000 |  | R’000 |  | R’000 |  | R’000 |  | R’000 |  | R’000 |
Executive Directors |  | 25 508 |  | 3 892 |  | 14 320 |  | 23 088 |  | 66 808 |  | 77 333 |  | 69 041 |
| (1) |  | Incentives approved on the group results for the 2018 financial year and payable in the following year. Incentives are calculated as a percentage of total guaranteed package/ net base salary as at 30 June 2018.
| (2) |  | Total remuneration for the financial year excludes gains derived from the long-term incentive schemes which are separately disclosed.
|  |  |  | Share |  |  |  |  |  |  |
|  | Long-term |  | appreciation |  |  |  |  |  |  |
|  | incentive |  | rights, with |  |  |  |  |  |  |
|  | rights |  | and without |  | Total |  | Total |  | Total |
|  | vested(1) |  | CPTs exercised |  | 2018 |  | 2017 |  | 2016 |
|  | R’000 |  | R’000 |  | R’000 |  | R’000 |  | R’000 |
Executive Directors |  | 19 454 |  | 1 061 |  | 20 515 |  | 24 970 |  | 30 705 |
| (1) |  | Long-term incentives for the 2018 financial year represent incentives approved on the group results for the 2018 financial year, payable in the 2019 financial year.
Remuneration and benefits paid and short-term incentives approved for the Prescribed Officers were as follows:
|  |  |  | Retirement |  | Other |  | Annual |  | Total |  | Total |  | Total |
|  | Salary |  | funding |  | benefits |  | incentives (1) |  | 2018 |  | 2017 (2) |  | 2016 (2) |
|  | R’000 |  | R’000 |  | R’000 |  | R’000 |  | R’000 |  | R’000 |  | R’000 |
Prescribed Officers |  | 37 569 |  | 5 995 |  | 21 684 |  | 23 759 |  | 89 007 |  | 70 949 |  | 70 363 |
Number of GEC members |  |  |  |  |  |  |  |  |  | 10 |  | 10 |  | 10 |
| (1) |  | Incentives approved on the group results for the 2018 financial year and payable in the following year. Incentives are calculated as a percentage of total guaranteed package/net base salary as at 30 June 2018.
| (2) |  | Total remuneration for the financial year excludes gains derived from the long-term incentive schemes which are separately disclosed.
Gains on Long-term incentives and Share Appreciation Rights for the Prescribed Officers were as follows:
|  |  |  | Share |  |  |  |  |  |  |
|  | Long-term |  | appreciation |  |  |  |  |  |  |
|  | incentive |  | rights, with |  |  |  |  |  |  |
|  | rights |  | and without |  | Total |  | Total |  | Total |
|  | vested(1) |  | CPTs exercised |  | 2018 |  | 2017 |  | 2016 |
|  | R’000 |  | R’000 |  | R’000 |  | R’000 |  | R’000 |
Prescribed Officers |  | 39 701 |  | 5 261 |  | 44 962 |  | 23 807 |  | 49 793 |
| (1) |  | Long-term incentives for the 2018 financial year represent incentives approved on the group results for the 2018 financial year, payable in the 2019 financial year.
|  |  |  |  |  |  |  | Ad Hoc |  |  |  |  |  |  |
|  |  |  |  |  |  |  | Special |  |  |  |  |  |  |
|  | Board |  | Lead |  |  |  | Board - |  |  |  |  |  |  |
|  | meeting |  | Director |  | Committee |  | Committee |  | Total |  | Total |  | Total |
|  | fees |  | fees |  | fees |  | Meeting |  | 2018 |  | 2017 |  | 2016 |
|  | R’000 |  | R’000 |  | R’000 |  | R’000 |  | R’000 |  | R’000 |  | R’000 |
Non-executive Directors |  | 19 914 |  | 607 |  | 6 462 |  | 840 |  | 27 823 |  | 23 079 |  | 22 645 |

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