Notes to the Group financial statements

for the year ended 30 June

  R million   2014   2013  
6.   INTEREST EXPENSE      
  Interest paid on borrowings   (375)  (282) 
  Preference share dividends   (165)  (208) 
  Imputed interest on loans payable   (18)  (21) 
  Transfer from hedging reserve   (4)  (2) 
  Fair value of derivative financial instruments   –   (4) 
  Tax authorities   (1)  (1) 
  Capitalised to property, plant and equipment (refer to note 11 13   13  
    (550)  (505)