Company                   Group  
2018   2017       (R’million)           2018   2017  
        25   Borrowings                  
            In terms of the company’s memorandum of incorporation the group’s borrowings are unlimited. The secured and unsecured loans are all at floating rates unless otherwise mentioned.        
        25.1   Secured loans                  
            Loan bearing
interest at		 Year of
repayment		   Denomination     77,3   51,5  
            19,0% per annum* 2020   Nigerian naira     77,3   –  
            22,0% per annum 2018   Nigerian naira     –   37,4  
            6,8% per annum 2018   South African rand     –   13,3  
            7,0% per annum 2018   Nigerian naira     –   0,8  
            Analysis of secured loans by nature of security:        
            Corporate guarantee           77,3   37,4  
            Property, plant and equipment         –   0,8  
            Put option against Tiger Brands     –   13,3  
                        77,3   51,5  
            * During the year, Deli Foods (Nigeria) Limited entered into a term loan. The tenure of the loan is 18 months. The term loan is secured by a corporate guarantee that has been issued by Tiger Consumer Brands Limited.        
        25.2   Capitalised finance leases           2,0   4,0  
            Repayment during the next year     1,4   2,0  
            Repayments later than one year and no later than five years 0,6   2,0  
            Refer to note 26.4.                  
            Liabilities under capitalised finance leases bear interest at 9,25% (2017: 9,25%) per annum.        
            Capitalised finance leases relate to plant and equipment with a book value of R3,3 million (2017: R4,9 million).        
                        79,3   55,5  
        25.3   Instalments disclosed as:                
            Short-term borrowings           5,0   53,5  
            Long-term borrowings     74,3   2,0  
                      79,3   55,5  
        25.4   Short-term borrowings         916,9   788,6  
            Bank overdrafts           911,9   735,1  
            Current portion of long-term borrowings 5,0   53,5  
        25.5   Changes in liabilities arising from financing activities        
              September
2017		 Cash 
flows 		 Forex  Other*   September
2018		      
            Current portion of long-term borrowings 53,5 (52,9) 3,0  1,4    5,0      
            Long-term borrowings 2,0 86,3  (12,6) (1,4)   74,3      
            Total liabilities from financing activities 55,5 33,4  (9,6) –    79,3      
           
* The “Other” column includes the effect of reclassification of the long-term position of interest-bearing debt to short-term due to the passage of time. The group classifies interest paid as cash flows from operating activities.