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Related party transactions (Tables)

12 Months Ended

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

X

- Definition

The disclosure of information about key management personnel. [Refer: Key management personnel of entity or parent [member]]

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The disclosure of transactions between the entity and its related parties. [Refer: Related parties [member]]

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