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EMPLOYEE BENEFITS (Tables)
12 Months Ended
Jun. 30, 2021
Employee benefits [Abstract]  
Liability for CLTI long term incentives expected to be settled in 12 months
Amounts in R million
Note
2021
2020
Movements in the total liability for long-term incentive scheme is as follows:
Opening balance
227.6
51.0
Share-based payment (benefit)/expense - CLTI scheme
5.3
(44.3)
218.1
Vested and paid
(183.3)
(41.5)
Liability for CLTI scheme at the end of the year
-
227.6
The total liability for long-term incentive scheme is expected to be settled as follows:
-
227.6
Within 12 months after reporting date
-
227.6
After 12 months after reporting date
-
-
Disclosure of terms and conditions of share-based payment arrangement [line items]  
Reconciliation of number of shares
Reconciliation of outstanding phantom shares
2021
2020
Weighted
Weighted
average
average
Shares
price
Shares
price
Number
R per share
Number
R per share
Opening balance
9,845,638
16,157,058
Vested and paid
(9,845,638)
18.62
(5,674,252)
7.31
Forfeited
-
-
(637,168)
7.08
Closing balance
-
9,845,638
Fair value of long term incentive scheme liability
2021
2020
Grant date
7-day VWAP of the DRDGOLD Limited share
-
25.14
2.26
Annualised forward dividend yield
-
1.0%
4.3%
Share-based payment expense ELTI scheme
Amounts in R million
2021
2020
2019
Share-based payment expense - ELTI scheme
16.0
6.0
-
TSR performance in relation to percentiles of peer groups performance
Percentile of peers
% of performance shares vesting
< 25th percentile
0%
25th to < 50th percentile
25%
50th to < 75th percentile
75%
Monte Carlo simulation pricing model and key inputs
Grant date
October 22, 2020
December 2, 2019
Vesting date
October 22, 2023
December 2, 2022
December 2, 2021
Weighted average fair value of 80% performance shares
 
1
10.49
4.12
4.26
Weighted average fair value of 20% retention shares
18.67
5.49
5.69
Expected term (years)
3
3
2
Grant date share price of a DRDGOLD share
19.43
6.15
6.15
Expected dividend yield
1.33%
3.81%
3.86%
Expected volatility
 
2
63.07%
53.80%
53.80%
Expected risk free rate
3.82%
6.80%
6.68%
1
 
The performance conditions are included in the
 
measurement of the grant date fair value as they
 
are classified as market-based performance
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
Key management personnel remuneration
Key management personnel remuneration
Amounts in R million
Note
2021
2020
2019
- Board fees paid
7.6
6.2
5.8
- Salaries paid
75.5
67.3
61.7
- Short term incentives relating to this cycle
73.8
63.6
31.5
- Long term incentives paid during the cycle
19.1
183.3
41.5
15.5
- Retrenchments
-
-
1.6
340.2
178.6
116.1
Conditional shares [member]  
Disclosure of terms and conditions of share-based payment arrangement [line items]  
Reconciliation of number of shares
Reconciliation of the number of conditional shares
2021
2020
Opening balance
5,860,760
-
Granted
December 2, 2019
-
5,860,760
October 22, 2020
1,979,860
-
Closing balance
7,840,620
5,860,760
Vesting on
7,840,620
5,860,760
December 2, 2021
2,930,380
2,930,380
December 2, 2022
2,930,380
2,930,380
October 22, 2023
1,979,860
-