| Notes to the financial statements | Note 17 |
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| Company |
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Group |
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| 2017 |
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2016 |
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(R’million) |
2017 |
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2016 |
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17 |
Loans |
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Loans to empowerment entities (refer to note 17.1 below) |
|
|
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| 599,6 |
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485,2 |
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– Tiger Brands Foundation |
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| 110,6 |
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91,3 |
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– Thusani II |
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| 2,1 |
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2,3 |
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Other |
2,8 |
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3,2 |
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| 712,3 |
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578,8 |
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2,8 |
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3,2 |
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17.1 |
Loans to empowerment entities |
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Loans to empowerment entities consist
of accrued dividends receivable on the
investment in preference shares in
connection with the BEE Phase II
empowerment transaction (refer to
note 16). Preference dividends are
calculated based on 93,5% of the prime
interest rate prevailing from time to time. |
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| Notes to the financial statements | Note 17 |
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