| 2018 R'000 |
2017 R’000 |
||||||||
|---|---|---|---|---|---|---|---|---|---|
| 3 | INVESTMENT IN FOREIGN LISTED ASSOCIATE | ||||||||
| 81 316 667 (2017: 70 833 334) shares in IronRidge Resources Limited (IronRidge) – at cost Balance at beginning of year | 121 953 | 121 953 | |||||||
| Acquired during the year | 63 584 | — | |||||||
| Balance at end of year | 185 537 | 121 953 | |||||||
| The investment represents a 28,91% (2017: 29,64%) interest in the ordinary share capital of IronRidge, which is listed on the Alternative Investment Market (AIM) of the London Stock Exchange. | |||||||||
| IronRidge is registered in Australia and is a junior exploration company, with a portfolio of gold, bauxite, titanium and iron ore prospects in Africa and Australia. | |||||||||