Transactions between Group subsidiaries

During the period, in the ordinary course of business, certain companies within the Group entered into transactions with each other. These intra-group transactions have been eliminated on consolidation.

Loans to directors amount to R0.4 million at end of period (2014: R0.4 million), are secured and bear interest at varying interest rates. For further information refer to note 15.

Key management personnel are directors and senior management having authority and responsibility for planning, directing and controlling the activities of the Group. No key management personnel had a material interest in any contract of any significance with any Group company during the period under review.