NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS l NOTE 16

      2014
R’000
    2013
R’000
 
16. BORROWINGS      
  Interest-bearing borrowings   2 653     1 980  
  Non-interest-bearing borrowings   12 437     12 017  
      15 090     13 997  
  Less: Amounts included in current portion of borrowings   (15 090)     (13 997)  
           
  The Group did not default on any loans or breach any terms of the underlying agreements during the period. Borrowings are unsecured and have no fixed terms of repayment. Interest-bearing borrowings bear interest at prime + 2%.  

NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS l NOTE 16