2017 R’000				2016 R’000
31	CONTINGENT LIABILITIES
	Amount* guaranteed by holding company to joint venture entity, in addition to the R450 million in restricted cash payable for the acquisition of the Dwarsrivier Chrome Mine (Dwarsrivier) (refer note 35.1)				—			55 313
	Guarantees issued				307 362			210 762
	– guarantees issued by holding company to bankers to secure short-term export facility#				180 000			180 000
	– cash-covered guarantees issued by bankers to the Department of Mineral Resources for rehabilitation required on the group’s mines (refer note 9)				71 261			26 760
	– performance guarantees issued to third parties by subsidiary companies				26 101			4 002
	– financial guarantee issued to third-party subsidiary company				30 000			—
					307 362			266 075
	*In terms of the agreement with ARM to acquire its 50% of Dwarsrivier, Assore agreed to refund Assmang for Dwarsrivier’s capital expenditure and working capital requirements, effective from 1 July 2014, decreased by the profits after taxation (increased for losses after taxation) recorded by Dwarsrivier until the necessary conditions precedent were met in order for the transaction to be completed. The transaction was completed on 29 July 2016 (refer note 35.1).
	#The facility is primarily utilised for and on behalf of Assmang in which the group holds a 50% interest and which in turn has provided a back-to-back guarantee against any claims made by bankers in terms of this facility. The facility was unused at year-end.