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EMPLOYEE BENEFITS (Tables)
12 Months Ended
Jun. 30, 2020
Employee benefits [Abstract]  
Liability for long term incentives and post retirement benefits
Amounts in R millionNote20202019
Non-current employee benefits10.137.4
Liability for long-term incentive scheme19.1-28.4
Liability for post-retirement medical benefits110.19.0
Current employee benefits227.622.6
Liability for long-term incentive scheme19.1227.622.6
Total employee benefits237.760.0
1 Unfunded medical aid benefit plan
Liability for long term incentive scheme
Amounts in R millionNote20202019
Movements in the total liability for long-term incentive scheme is as follows:
Opening balance51.045.1
Increase in long-term incentive liability5.3218.121.4
Vested and paid(41.5)(15.5)
Total liability for long-term incentive scheme227.651.0
The total liability for long-term incentive scheme is expected to be settled as follows:227.651.0
Within 12 months after reporting date227.622.6
After 12 months after reporting date-28.4
Fair value of long term incentive scheme liability
20202019Grant date
7-day VWAP of the DRDGOLD Limited share25.144.372.26
Annualised forward dividend yield1.0%4.3%4.3%
Fair value table of the equity settled share-based payment
Percentile of peers% of performance shares vesting
< 25th percentile0%
25th to < 50th percentile25%
50th to < 75th percentile75%
≥ 75th percentile100%

Movement in the number of conditional shares for the reporting period are as follows:
Conditional shares
Grant dateDecember 2, 2019
Vesting dateTotalDecember 2, 2021December 2, 2022
Opening balance---
Granted5,860,7602,930,3802,930,380
Closing balance5,860,7602,930,3802,930,380
Key management personnel remuneration
Key management personnel remuneration
Amounts in R millionNote202020192018
- Board fees paid6.25.85.6
- Salaries paid67.361.753.6
- Short term incentives relating to this cycle63.631.522.5
- Long term incentives paid during the cycle19.141.515.52.8
- Retrenchments-1.6-
178.6116.184.5
Disclosure of terms and conditions of share-based payment arrangement [line items]  
Reconciliation of outstanding phantom shares
Conditional shares
Grant dateDecember 2, 2019
Vesting dateDecember 2, 2021December 2, 2022
Weighted average fair value of 80% performance shares 14.264.12
Weighted average fair value of 20% retention shares5.695.49
Expected term (years)23
Grant date share price of a DRDGOLD share6.156.15
Expected dividend yield3.86%3.81%
Expected volatility 253.80%53.80%
Expected risk free rate6.68%6.80%
1 The performance conditions are included in the measurement of the grant date fair value as they are classified as market-based performance conditions
2 Expected volatility has been based on an evaluation of the historical volatility of DRDGOLD’s share price, commensurate with the expected term of the options
Phantom shares [Member]  
Disclosure of terms and conditions of share-based payment arrangement [line items]  
Reconciliation of outstanding phantom shares
Reconciliation of outstanding phantom shares20202019
WeightedWeighted
averageaverage
SharespriceSharesprice
NumberR per shareNumberR per share
Opening balance16,157,05820,189,467
Granted--388,5473.37
Vested and paid(5,674,252)7.31(4,037,883)3.82
Forfeited(637,168)7.08(383,073)4.37
Closing balance9,845,63816,157,058