2018
R'000
      2017
R’000
 
19 OVERDRAFTS                
  Owing at end of year     584 472       579 719  
  Foreign subsidiary, Minerais U.S. LLC, maintains a US dollar denominated overdraft facility with a South African bank which provides it with the ability to borrow up to an aggregate of US$97,5 million (2017: US$97,5 million) to finance inventory and trade receivables all of which are insured against default. The facility is available on demand and has no expiry date. Interest on the facility accrues at a variable rate of 0,75% above LIBOR which at year-end was 1,93% (2017: 0,42%). The overdraft is guaranteed by the holding company.