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EMPLOYEE BENEFITS (Tables)

12 Months Ended

Jun. 30, 2024

Classes of employee benefits expense [abstract]

Share-based payment expense ELTI scheme

			Amounts in R million						2024			2023			2022
			Share based payment expense - ELTI scheme			5.3			26.4			22.0			18.4

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			2024						2023
						Number of Shares			Weighted average price R per share			Number of Shares			Weighted average price R per share
			Opening balance			9,524,238						7,593,670
			Granted
			October 19, 2022									4,922,751
			October 25, 2023			2,860,551						—
			Vested1			(806,582)			17.07			(2,715,604)			11.44
			Forfeited			(265,061)						(276,579)
			Expired1			(806,582)						—
			Closing balance			10,506,564						9,524,238
			Vesting on			10,506,564						9,524,238
			October 22, 2023			—						1,588,120
			October 20, 2024			3,122,592						3,081,179
			October 19, 2025			4,621,908						4,854,939
			October 25, 2026			2,762,064						—
			1 50% of the total grant did not vest as a result of performance conditions not being met

Monte Carlo simulation pricing model and key inputs

			Grant date			October 25, 2023			October 19, 2022			October 20, 2021
			Vesting date			October 25, 2026			October 19, 2025			October 20, 2024
			Weighted average fair value of 80% performance shares1			7.72			5.54			7.34
			Weighted average fair value of 20% retention shares			16.24			8.60			12.32
			Expected term (years)			3			3			3
			Grant date share price of a DRDGOLD share			16.89			9.48			13.55
			Expected dividend yield			1.30		%	3.24		%	3.15		%
			Expected volatility2			44.55		%	58.00		%	60.20		%
			Expected risk free rate			8.27		%	8.10		%	5.78		%
			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			2024			2023			2022
			- Board fees paid						7.9			7.6			7.8
			- Salaries paid						93.2			82.0			82.5
			- Short term incentives relating to this cycle						94.0			83.8			84.1
			- Market value of long-term incentives vested and transferred			19.1			13.7			31.1			40.1
									208.8			204.5			214.5

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- Definition

The tabular disclosure of liability for long term incentive scheme.

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- Definition

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
-Name IAS
-Number 1
-IssueDate 2023-01-01
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-URIDate 2023-03-23

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