v3.26.3
Trade and Other Receivables
 12 Months Ended
Jun. 30, 2026
Subclassifications of assets, liabilities and equities [abstract]  
Trade and Other Receivables Trade and other receivables
SA Rand
Figures in million
2026
2025
Trade receivables – metals at amortised cost1
2 766
2 344
Trade receivables – copper concentrate at FVTPL2 (a)
735
—
Other trade receivables
393
312
Loss allowance
(221)
(171)
Trade receivables – net
3 673
2 485
Interest and other receivables
220
231
Employee receivables
22
17
Prepayments
893
450
Value added tax and general sales tax
1 127
737
Income and mining taxes
62
82
Total trade and other receivables
5 997
4 002
1The increase is primarily due to higher average prices received and the timing of receipts.
2The increase is due to the acquisition of CSA mine. Refer to note 13 for further information.
(a)Copper concentrate sales from the CSA mine are provisionally priced, with the selling price subject to final adjustments based
on the LME prices for the quotational period specified in the offtake agreement. Subsequent to initial recognition, the
provisionally priced receivable is measured at fair value through profit or loss, with changes in fair value recognised as
provisional pricing adjustments within revenue. Fair value is estimated by reference to forward market prices on the LME for
copper. Refer to note 4 for further information.
The movement in the loss allowance for trade and other receivables during the year was as follows (refer to note 37 for details):
SA Rand
Figures in million
2026
2025
Balance at beginning of year
171
212
Increase in loss allowance recognised during the year
124
40
Reversal of loss allowance during the year
(74)
(80)
Balance at end of year
221
171
The movement relates to various individually immaterial debtors.
The loss allowance for trade and other receivables stratified according to the ageing profile at the reporting date is as follows:
SA Rand
Figures in million
Gross
Loss
allowance
30 June 2026
Not past due1
3 554
2
Past due by 1 to 30 days
56
—
Past due by 31 to 60 days
33
4
Past due by 61 to 90 days
14
2
Past due by more than 90 days
44
38
Past due by more than 361 days
193
175
Total
3 894
221
30 June 2025
Not past due1
2 383
—
Past due by 1 to 30 days
57
—
Past due by 31 to 60 days
14
—
Past due by 61 to 90 days
5
—
Past due by more than 90 days
33
28
Past due by more than 361 days
164
143
Total
2 656
171
1The gross amount includes the full trade receivables (metals) balance, which has no attributable loss allowance.
There were no renegotiations of the terms of any receivables during 2026 and 2025. As at 30 June 2026 and 30 June 2025, there
was no collateral pledged or held for any of the receivables.