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EMPLOYEE BENEFITS (Tables)

12 Months Ended

Jun. 30, 2023

Classes of employee benefits expense [abstract]

Share-based payment expense ELTI scheme

			Amounts in R million						2023			2022			2021
			Share based payment expense - ELTI scheme			5.3			22.0			18.4			16.0

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			%
			≥ 75th percentile			100			%

			Reconciliation of the number of conditional shares			2023						2022
						Shares number			Weighted average price R per share			Shares number			Weighted average price R per share
			Opening balance			7,593,670						7,840,620
			Granted
			October 20, 2021									3,508,232
			October 19, 2022			4,922,751
			Vested			(2,715,604)			11.44			(2,862,654)			14.02
			Forfeited			(276,579)						(892,528)
			Closing balance			9,524,238						7,593,670
			Vesting on			9,524,238						7,593,670
			December 2, 2022			—						2,715,604
			October 22, 2023			1,588,120						1,666,778
			October 20, 2024			3,081,179						3,211,288
			October 19, 2025			4,854,939						—

Monte Carlo simulation pricing model and key inputs

			Grant date			October 19, 2022			October 20, 2021			October 22, 2020
			Vesting date			October 19, 2025			October 20, 2024			October 22, 2023
			Weighted average fair value of 80% performance shares1			5.54			7.34			10.49
			Weighted average fair value of 20% retention shares			8.60			12.32			18.67
			Expected term (years)			3			3			3
			Grant date share price of a DRDGOLD share			9.48			13.55			19.43
			Expected dividend yield			3.24		%	3.15		%	1.33		%
			Expected volatility2			58.00		%	60.20		%	63.07		%
			Expected risk free rate			8.10		%	5.78		%	3.82		%
			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

Key management personnel remuneration

			Key management personnel remuneration
			Amounts in R million			Note			2023			2022			2021
			- Board fees paid						7.6			7.8			7.6
			- Salaries paid						82.0			82.5			75.5
			- Short term incentives relating to this cycle						83.8			84.1			73.8
			- Market value of long-term incentives vested and transferred			19.1			31.1			40.1			—
			- Long term incentives paid during the cycle						—			—			183.3
									204.5			214.5			340.2

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- Definition

The tabular disclosure of liability for long term incentive scheme.

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Total shareholder's return performance in relation to percentiles of peer groups performance.

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- Definition

The weighted average fair value of the performance and retention shares at grant date were determined using the Monte Carlo simulation pricing model based on key inputs.

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- Definition

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

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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-IssueDate 2023-01-01
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-URIDate 2023-03-23

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