Pick n Pay Group of Companies financial statements
Notes to the Group financial statements
for the period ended

		Pick n Pay Stores Group		Pick n Pay Holdings Group
		364 days to   2 March   2014   Rm	368 days to   3 March   2013   Rm	364 days to   2 March   2014   Rm	368 days to   3 March   2013   Rm
15.	LOANS
	Employees
	Executive directors	0.4	0.4	0.4	0.4
	Other employees	91.6	93.6	91.6	93.6
	Total employee loans	92.0	94.0	92.0	94.0
	Other loans	—	4.5	—	4.9
		92.0	98.5	92.0	98.9
	Loans to executive directors and employees bear interest at varying rates averaging at a rate of 3.4% (2013: 3.3%) per annum and have varying repayment terms. At year-end, R70.5 million (2013: R71.9 million) of loans were secured. Loans to employees from the Employee Share Purchase Trust are payable within 10 years from the date of advance.