| Notes to company financial statements l Note 6 |
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2016
R’000 |
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| 6 |
RESTRICTED CASH |
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On 25 June 2015, the company acquired ARM’s 50% share of Dwarsrivier Chrome Mine (Dwarsrivier), held by Assmang. The completion of the transaction was subject to certain conditions precedent (CPs), which at year-end had not all been fulfilled.
Pursuant to the agreement concerned, an amount of R450 million was placed in an escrow account. |
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The transaction was completed on 29 July 2016 (refer ) |
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Cash including interest received held in escrow at year-end |
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– |
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479 522 |
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| Notes to company financial statements l Note 6 |
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