| Investment in subsidiaries | ||||||
| Investment in shares1 | Investment in share-based payments |
|||||
| Country2 | Nature of business3 | 2023 R |
2022 R |
2023 Rm |
2022 Rm |
|
| DIRECT INVESTMENTS | ||||||
| Cennergi Holdings Proprietary Limited4 | RSA | H | 2 437 330 416 | 2 437 330 416 | ||
| Colonna Properties Proprietary Limited | RSA | B | 2 518 966 | 2 518 966 | ||
| Exxaro Australia Holdings Proprietary Limited5 | AUS | H | 765 066 307 | 710 080 074 | ||
| Exxaro Base Metals and Industrial Minerals Holdings Proprietary Limited | RSA | H | 1 | 1 | ||
| Exxaro Chairman’s Fund | RSA | S | ||||
| Exxaro Coal Proprietary Limited | RSA | M | 1 868 325 864 | 1 868 325 864 | 78 | 207 |
| Exxaro Employee Empowerment Participation Scheme Trust6 | RSA | S | ||||
| Exxaro Employee Empowerment Trust6 | RSA | S | ||||
| Exxaro Environmental Rehabilitation Fund | RSA | S | ||||
| Exxaro ESOP SPV RF Proprietary Limited | RSA | S | 100 | 100 | ||
| Exxaro FerroAlloys Proprietary Limited | RSA | A | 1 | 1 | 2 | 3 |
| Exxaro Foundation6 | RSA | S | ||||
| Exxaro Holdings Proprietary Limited7 | RSA | H | 433 575 451 | 459 517 297 | ||
| Exxaro Insurance Company Limited8 | RSA | I | 812 000 000 | 312 000 000 | ||
| Exxaro Aga Setshaba NPC9 | RSA | S | ||||
| Exxaro Mountain Bike Academy NPC | RSA | E | ||||
| Exxaro People Development Initiative NPC6 | RSA | E | ||||
| Exxaro Properties (Groenkloof) Proprietary Limited6 | RSA | B | 1 | 1 | ||
| Eyesizwe (RF) Proprietary Limited (2023: 14.86%) (2022: 14.86%) | RSA | S | 1 482 907 923 | 1 482 907 923 | ||
| Ferroland Grondtrust Proprietary Limited | RSA | F | 2 | 2 | 5 | 5 |
| Gravelotte Iron Ore Company Proprietary Limited | RSA | B | 1 | 1 | ||
| Kumba Resources Management Share Trust | RSA | S | ||||
| Rocsi Holdings Proprietary Limited10 | RSA | H | 647 948 268 | 653 722 945 | ||
| Total direct investments in subsidiaries | 8 449 673 301 | 7 926 403 591 | 85 | 215 | ||
| INDIRECT INVESTMENTS | ||||||
| Amakhala Emoyeni RF Proprietary Limited (95%) | RSA | R | ||||
| Coastal Coal Proprietary Limited | RSA | MIC | 1 | 3 | ||
| Cennergi Proprietary Limited4 | RSA | H | ||||
| Cennergi Services Proprietary Limited | RSA | C | ||||
| Lephalale Solar Proprietary Limited | RSA | R | ||||
| K2021699383 (South Africa) Proprietary Limited | RSA | R | ||||
| Exxaro Australia Proprietary Limited | AUS | M & P | ||||
| Exxaro Coal Mpumalanga Proprietary Limited | RSA | M | 194 | 224 | ||
| Exxaro International Trading AG | SW | C | (1) | (1) | ||
| Exxaro Reductants Proprietary Limited6 | RSA | A | ||||
| The Vryheid (Natal) Railway Coal and Iron Company Proprietary Limited | RSA | MIC | ||||
| Exxaro Employee Share Ownership Trust | RSA | S | ||||
| Tsitsikamma RF Proprietary Limited | RSA | R | ||||
| Total indirect investment in subsidiaries | 194 | 226 | ||||
| Total investment in subsidiaries | 8 449 673 301 | 7 926 403 591 | 279 | 441 | ||
| 1 | At 100% holding except where otherwise indicated. |
| 2 | Country of incorporation: RSA — Republic of South Africa, AUS — Australia, SW — Switzerland. |
| 3 | M — Mining, B — Property, C — Service, E — Not for profit company, F — Farming, H — Holdings, I — Insurance, A — Manufacturing, P — Exploration, S — Structured entity, MIC – Mines in closure, R - Renewable energy. |
| 4 | Exxaro sold its direct interest in Cennergi to Cennergi Holdings in an asset (investment in shares) for share transaction that was effective on 7 October 2022. |
| 5 | Cash subscription and loan capitalisation in 2023. |
| 6 | Entity in process of liquidation or deregistration. |
| 7 | Impairment charge on investment in subsidiary of R26 million recognised in 2023. |
| 8 | Share subscription for cash in 2023 of R 500 million |
| 9 | Previously known as Exxaro Matla Setshabeng Development NPC. |
| 10 | Impairment charge on investment in subsidiary of R6 million recognised in 2023. |
| Total indebtedness receivable/(payable) | ||||||
| Total indebtedness by | (Total indebtedness to) | |||||
| Type of indebtedness | 2023 Rm |
2022 Rm |
2023 Rm |
2022 Rm |
||
| DIRECT INVESTMENTS | ||||||
| Cennergi Holdings Proprietary Limited4 | Non-interest-bearing | 108 | 207 | |||
| Colonna Properties Proprietary Limited | ||||||
| Exxaro Australia Holdings Proprietary Limited5 | ||||||
| Exxaro Base Metals and Industrial Minerals Holdings Proprietary Limited | Non-interest-bearing | 216 | 216 | |||
| Exxaro Chairman’s Fund | ||||||
| Exxaro Coal Proprietary Limited | Total | 4 198 | 4 730 | (12 513) | (11 216) | |
| – Interest-bearing | 4 108 | 4 554 | ||||
| – Treasury facility | (12 513) | (11 216) | ||||
| – Current indebtedness | 90 | 176 | ||||
| Exxaro Employee Empowerment Participation Scheme Trust6 | ||||||
| Exxaro Employee Empowerment Trust6 | ||||||
| Exxaro Environmental Rehabilitation Fund | ||||||
| Exxaro ESOP SPV RF Proprietary Limited | Interest-bearing | 19 | ||||
| Exxaro FerroAlloys Proprietary Limited | Total | 83 | 275 | |||
| – Treasury facility | 82 | 272 | ||||
| – Current indebtedness | 1 | 3 | ||||
| Exxaro Foundation6 | ||||||
| Exxaro Holdings Proprietary Limited7 | Non-interest-bearing | (6) | (6) | |||
| Exxaro Insurance Company Limited8 | Current indebtedness | 1 | ||||
| Exxaro Aga Setshaba NPC9 | Interest-bearing | 31 | 58 | |||
| Exxaro Mountain Bike Academy NPC | ||||||
| Exxaro People Development Initiative NPC6 | ||||||
| Exxaro Properties (Groenkloof) Proprietary Limited6 | ||||||
| Eyesizwe (RF) Proprietary Limited (2023: 14.86%)(2022: 14.86%) | ||||||
| Ferroland Grondtrust Proprietary Limited | Total | 49 | 286 | |||
| – Treasury facility | 48 | 285 | ||||
| – Current indebtedness | 1 | 1 | ||||
| Gravelotte Iron Ore Company Proprietary Limited Kumba Resources Management Share Trust |
Non-interest-bearing | (81) | (79) | |||
| Rocsi Holdings Proprietary Limited10 | Non-interest-bearing | 95 | (646) | |||
| Total direct investments in subsidiaries | 4 685 | 5 887 | (13 246) | (11 301) | ||
| INDIRECT INVESTMENTS Amakhala Emoyeni RF Proprietary Limited (95%) Coastal Coal Proprietary Limited |
Total | 184 | 109 | |||
| – Treasury facility | 1 | |||||
| – Non-interest-bearing | 184 | 108 | ||||
| Cennergi Proprietary Limited4 | ||||||
| Cennergi Services Proprietary Limited | ||||||
| Lephalale Solar Proprietary Limited | ||||||
| K2021699383 (South Africa) Proprietary Limited | ||||||
| Exxaro Australia Proprietary Limited | ||||||
| Exxaro Coal Mpumalanga Proprietary Limited | Total | 48 | 95 | (2 324) | (689) | |
| – Treasury facility | (2 324) | (689) | ||||
| – Current indebtedness | 48 | 95 | ||||
| Exxaro International Trading AG Exxaro Reductants Proprietary Limited6 |
Total | (36) | (69) | |||
| – Treasury facility | (69) | |||||
| – Non-interest-bearing | (36) | |||||
| The Vryheid (Natal) Railway Coal and Iron Company Proprietary Limited | Total | 67 | 51 | |||
| – Treasury facility | 1 | |||||
| – Non-interest-bearing | 67 | 50 | ||||
| Exxaro Employee Share Ownership Trust | ||||||
| Tsitsikamma RF Proprietary Limited | ||||||
| Total indirect investment in subsidiaries | 299 | 255 | (2 360) | (758) | ||
| Total investment in subsidiaries | 4 984 | 6 142 | (15 606) | (12 059) | ||
IR