| NOTES TO THE FINANCIAL STATEMENTS l Note 21 |
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Company |
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Group |
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2020
Rm |
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2019
Rm |
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2020
Rm |
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2019
Rm |
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21. |
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CASH AND CASH EQUIVALENTS |
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| 30 |
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# |
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Cash at bank and on hand |
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586 |
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472 |
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| – |
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– |
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Cash equivalents |
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274 |
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729 |
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| 30 |
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# |
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860 |
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1 201 |
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Cash at banks earn interest at floating rates based on daily bank deposit rates. |
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Cash equivalents are made for varying periods of between one day and three months, depending on immediate cash requirements of the Group, and earn interest at the respective short-term deposit rates. |
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The fair value approximates the carrying value due to the short-term nature of these balances, with no expected credit loss recognised. |
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# Less than R1 million. |
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| NOTES TO THE FINANCIAL STATEMENTS l Note 21 |
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