Notes to the Group financial statements

for the year ended 30 June

  R million   2014   2013  
31.   INSURANCE CONTRACTS      
  The Group has a captive insurance company which underwrites a range of insurance risks on behalf of Group operating companies. On consolidation these insurance contracts are eliminated. The insurance captive purchases reinsurance cover for any individual loss exceeding R3 million. Amounts arising from these contracts are as follows:  

   
  Reinsurance premium costs   15   16