| Group | Company | ||||
At 31 December |
2024 Rm |
2023 Rm |
2024 Rm |
2023 Rm |
|
| Pending litigation and other claims1 | 107 | 112 | |||
|---|---|---|---|---|---|
| Operational guarantees2 | 4 255 | 4 183 | 680 | 608 | |
| – Financial guarantees ceded to the DMRE | 3 552 | 3 552 | |||
| – Other financial guarantees | 703 | 631 | 680 | 608 | |
| Total contingent liabilities | 4 362 | 4 295 | 680 | 608 | |
| 1 | Relates to commercial disputes of which the outcome is uncertain. |
| 2 | Includes guarantees to banks and other institutions in the normal course of business from which it is anticipated that no material liabilities will arise. |
In November 2023, Exxaro received service of an application seeking the permission of the High Court of South Africa to certify classes for purposes of a class action for damages against Exxaro and three of its related entities, being Exxaro Coal Proprietary Limited, Exxaro Coal Mpumalanga Proprietary Limited and Mafube Coal Mining Proprietary Limited, as well as other respondents. Following legal advice, Exxaro delivered its notice of intention to oppose the certification application. Exxaro served and filed its Answering Affidavit (together with annexures and supporting affidavits) timeously on 6 December 2024. The Deputy Judge President has assigned 25 November 2025 to 5 December 2025 for the certification hearing.
The timing and occurrence of any possible outflows of the contingent liabilities above are uncertain.
| |
Group | |
|
At 31 December |
2024 Rm |
2023 Rm |
| Share of contingent liabilities of equity-accounted investments | 1 697 | 1 427 |
|---|---|---|
| Group | ||
At 31 December |
2024 Rm |
2023 Rm |
| Back-to-back guarantees | 134 | 134 |
|---|---|---|
| Other1 | 100 | 54 |
| Total contingent assets | 234 | 188 |
| 1 | Relates to performance guarantees issued to Exxaro in terms of various capital project agreements. |
The timing and occurrence of any possible inflows of the contingent assets are uncertain.
IR