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CASH AND CASH EQUIVALENTS | 12 Months Ended
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Jun. 30, 2025
Cash and cash equivalents [abstract] |
CASH AND CASH EQUIVALENTS | CASH AND CASH EQUIVALENTS
| ACCOUNTING POLICIES Cash and cash equivalents are short-term, highly liquid investments that are readily convertible to cash without significant risk of changes in value and comprise cash on hand, demand deposits, and highly liquid investments which are readily convertible to known amounts of cash. Cash and cash equivalents are non-derivative financial assets categorised as financial assets measured at amortised cost. Cash and cash equivalents are initially measured at fair value. Subsequent to initial recognition, cash and cash equivalents are measured at amortised cost, which is equivalent to their fair value.
| Amounts in R million | Note | 2025 | 2024
| Cash on hand |  | 64.9 | 116.8
| Access deposits and income funds 1 |  | 1,228.1 | 392.4
| Restricted cash 2 |  | 13.2 | 12.3
|  |  | 1,306.2 | 521.5
| Interest earned on cash and cash equivalents | 6 | 68.3 | 148.5
| 1 These consist of access deposit notes and conservatively managed income funds that are diversified across the major financial institutions in South Africa.
| At reporting date all of these instruments had same day or next day liquidity and effective annualised yields of between 8.0% and 9.4% (2024: between 8.9% and 9.4%).
| 2 This consists of cash held on call as collateral for guarantees issued by the Standard Bank of South Africa Limited on behalf of the Group for environmental rehabilitation amounting to R 5.2 million and various utilities amounting to R 5.1 million.
CREDIT RISK The Group is exposed to credit risk on the total carrying value of its cash and cash equivalents. The Group manages its exposure to credit risk by investing cash and cash equivalents across several major financial institutions, considering the credit ratings of the respective financial institutions, funds and underlying instruments. Impairment on cash and cash equivalents, if any, are measured on a 12-month expected loss basis and reflects the short maturities of the exposures. The Group considers that its cash and cash equivalents have low credit risk based on the external credit ratings of the counterparties which are rated between AA- and AA+. MARKET RISK Interest rate risk A change of 100 basis points (bp) in the interest rates would have increased/(decreased) equity and profit/(loss) by the amounts shown below. This analysis is performed on the average balance of cash and cash equivalents for the year and assumes that all other variables remain constant. The analysis excludes income tax.
| Amounts in R million |  | 2025 | 2024
| 100 bp increase |  | 9.1 | 15.0
| 100 bp (decrease) |  | (9.1) | (15.0)
FAIR VALUE OF FINANCIAL INSTRUMENTS The fair value of cash and cash equivalents approximates their carrying value due to their short-term maturities.

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- Definition The disclosure of cash and cash equivalents. [Refer: Cash and cash equivalents] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Note Expiry date 2027-01-01 -Name IAS -Number 1 -IssueDate 2025-01-01 -Paragraph 10 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2025-en-b&anchor=para_10_e&doctype=Standard -URIDate 2025-03-27 + Details
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