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OTHER INVESTMENTS (Table)

12 Months Ended

Jun. 30, 2020

Other Investments [abstract]

Investment in other entities


	Amounts in R million	Shares held	% held	2020	2019

	Listed investments (Fair value hierarchy Level 1):
	West Wits Mining Limited ("WWM")¹	47,812,500	5.1%	12.0	3.3

	Total listed investments			12.0	3.3

	Unlisted investments (Fair value hierarchy Level 3):
	Rand Refinery Proprietary Limited ("Rand Refinery")²	44,438	11.3%	178.4	-
	Rand Mutual Assurance Company Limited B Share Business Fund ("RMA")^2,3	12,659	1.3%	4.7	-
	Guardrisk Insurance Company Limited (Cell Captive A170)^2,4	20	#	0.1	0.1
	Chamber of Mines Building Company Proprietary Limited²	42,292	4.5%	0.1	0.1

	Total unlisted investments			183.3	0.2

	Balance at the end of the year			195.3	3.5

	Dividends received on equity instruments at fair value through OCI (RMA)		6	(4.3)	-
	Fair value adjustment on equity instruments at fair value through OCI			191.8	(5.9)
	¹ Listed
	² Unlisted
	³ The 1 "B Share Business Fund" share relates to all the businesses of the RMA Group that do not relate to the Compensation for Occupational Injuries and Diseases Act
	⁴ The shares held entitles the holder to 100% of the residual net equity of Cell Captive A 170 after settlement of the reimbursive right

Key observable/unobservable inputs into the model

	Amounts in R million	Observable/unobservable input


	Rand Refinery operations

	Average gold price	Observable input	R852,098/kg
	Average silver price	Observable input	R9,453/kg
	Average South African CPI	Observable input	4.8%
	Terminal growth rate	Unobservable input	5.0%
	Weighted average cost of capital	Unobservable input	15.1%

	Investment in Prestige Bullion

	Discount period	Unobservable input	13 years
	Cost of equity	Unobservable input	13.2%

Sensitivity analysis

			Input		% change in OCI, net of tax
	Amounts in R million		Increase	Decrease	Increase	Decrease


	Rand Refinery operations

	Rand US Dollar exchange rate	Observable inputs	1%	(1%)	2.1%	(2.2%)
	Commodity prices (Gold and silver)	Observable inputs	1%	(1%)	1.7%	(1.8%)
	Volumes	Unobservable inputs	1%	(1%)	2.0%	(2.0%)
	Weighted average cost of capital	Unobservable inputs	1%	(1%)	(1.7%)	2.0%
	Minority discount	Unobservable inputs	1%	(1%)	(1.2%)	1.2%
	Marketability discount	Unobservable inputs	1%	(1%)	(1.2%)	1.2%

	Investment in Prestige Bullion
				=
	Cost of equity	Unobservable inputs	1%	(1%)	(1.3%)	1.4%
	Prestige Bullion dividend forecast	Unobservable inputs	1%	(1%)	0.4%	(0.4%)