24. CASH AND CASH EQUIVALENTS
 
Company     Group 
2025 
Rm 
2024 
Rm 
   2025 
Rm 
2024 
Rm 
19    11   Cash at bank and on hand 2 161   1 703
    Cash equivalents 8   141
19    11 2 169    1 844 
 

Cash at banks earn interest at floating rates based on daily bank deposit rates.

Cash equivalents are made for varying periods of between one day and three months, depending on the immediate cash requirements of the Group, and earn interest at the respective short-term deposit rates.

The fair value approximates the carrying value due to the short-term nature of these balances, with no expected credit loss recognised.