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v3.22.2.2

Related party transactions (Tables) | 12 Months Ended
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Jun. 30, 2022
Related party transactions |
Schedule of material related party transactions | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021 |  | 2020
for the year ended 30 June | ​ | Rm | ​ | Rm | ​ | Rm
Sales and services rendered from subsidiaries to related parties | ​ | ​ | ​ | ​ | ​ | ​
Joint ventures |  | 2 737 |  | 2 635 |  | 672
Purchases by subsidiaries from related parties |  |  |  |  |  |
Joint ventures |  | 4 |  | 8 |  | 691
Associates |  | 153 |  | 100 |  | 78
​ |  | 157 |  | 108 |  | 769
Schedule of key management remuneration | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  |  |  | Retirement |  | Other |  | Annual | ​ | Total |  | Total |  | Total
​ | ​ | Salary | ​ | funding | ​ | benefits | ​ | incentives2 | ​ | 20221 | ​ | 20211 | ​ | 20201
​ | ​ | R’000 | ​ | R’000 | ​ | R’000 | ​ | R’000 | ​ | R’000 | ​ | R’000 | ​ | R’000
EXECUTIVE DIRECTORS |  | 26 980 |  | 764 |  | 2 948 |  | 22 691 | ​ | 53 383 |  | 65 493 |  | 22 944
| 1 | Total remuneration for the financial year excludes gains derived from the long-term incentive schemes which are separately disclosed.
| 2 | Short-term incentives approved based on the Group results for the 2022 financial year and payable in the 2023 financial year. Incentives are calculated as a percentage of total guaranteed package/base salary as at 30 June 2022 multiplied by the Group STI performance and the Individual Performance Factor.
Gains on Long-term incentives previously awarded to the Executive Directors’ and former Executive Directors’ vested after the performance period ended 30 June 2022, are as follows:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | ​ |  | ​ |  | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Long-term | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | incentive | ​ | Total | ​ | Total | ​ | Total
​ | ​ | rights vested1 | ​ | 2022 | ​ | 2021 | ​ | 2020
​ | ​ | R’000 | ​ | R’000 | ​ | R’000 | ​ | R’000
EXECUTIVE DIRECTORS |  | 30 850 |  | 30 850 |  | 4 824 |  | 2 657
| 1 | Long-term incentives for the 2022 financial year represent incentives approved on the group results for theperformance period ended 30 June 2022, settled in the 2023 financial year.
​
37 | Related party transactions continued
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 | ​ | incentives2 | ​ | 20221 | ​ | 20211 | ​ | 20201
​ | ​ | R’000 | ​ | R’000 | ​ | R’000 | ​ | R’000 | ​ | R’000 | ​ | R’000 | ​ | R’000
PRESCRIBED OFFICERS |  | 38 060 | ​ | 5 312 |  | 16 751 | ​ | 28 349 |  | 88 472 |  | 92 817 |  | 52 142
Number of Prescribed Officers |  |  |  |  |  |  | ​ | ​ |  | 8 |  | 7 |  | 6
| 1 | Total remuneration for the financial year excludes gains derived from the long-term incentive schemes which are separately disclosed.
| 2 | Short-term incentives approved based on the Group results for the 2022 financial year and payable in the 2023 financial year. Incentives are calculated as a percentage of total guaranteed package/base salary as at 30 June 2022 multiplied by the Group STI performance and the Individual Performance Factor.
​ Gains on Long-term incentives previously awarded to the Prescribed Officers vested after the performance period ended 30 June 2021, are as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | ​ |  | ​ |  | ​
​ | ​ | Long-term | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | incentive | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | rights | ​ | Total | ​ | Total | ​ | Total
​ | ​ | vested1 | ​ | 2022 | ​ | 2021 | ​ | 2020
​ | ​ | R’000 | ​ | R’000 | ​ | R’000 | ​ | R’000
PRESCRIBED OFFICERS |  | 50 512 |  | 50 512 |  | 6 735 |  | 4 201
| 1 | Long-term incentives for the 2022 financial year represent incentives approved on the group results for the performance period ended 30 June 2022, settled in the 2023 financial year.
The total IFRS2 charge for LTI’s awarded to the Executive Directors and the Prescribed Officers in 2022 amounted to R14 million and R32 million. Non-executive Directors’ emoluments for the year was as follows:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | ​ |  | ​ |  | Ad Hoc |  | ​ |  | ​ |  | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Special | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Board | ​ | Lead | ​ | ​ | ​ | Board — | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | meeting | ​ | Director | ​ | Committee | ​ | Committee | ​ | Total | ​ | Total | ​ | Total
​ | ​ | fees | ​ | fees | ​ | fees | ​ | Meeting | ​ | 2022 | ​ | 2021 | ​ | 2020
​ | ​ | R’000 | ​ | R’000 | ​ | R’000 | ​ | R’000 | ​ | R’000 | ​ | R’000 | ​ | R’000
Non-executive Directors | ​ | 22 787 |  | 758 |  | 6 861 | ​ | — |  | 30 406 |  | 33 540 |  | 39 743

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