NOTES TO THE ANNUAL FINANCIAL STATEMENTS – NOTE 16

    2015
R’000
      2014
R’000
 
16. BORROWINGS            
  Interest-bearing borrowings       2 653  
  Non-interest-bearing borrowings 16 087       12 437  
    16 087       15 090  
  Less: Amounts included in current portion of borrowings (16 087)       (15 090)  
           
  The Group did not default on any loans or breach any terms of the underlying agreements during the period. Borrowings are unsecured and are repayable on demand. Interest-bearing borrowings in the prior year bore interest at prime plus 2%. Included in borrowings is R4.7 million owing to related parties, which is interest free (refer to note 29).            

NOTES TO THE ANNUAL FINANCIAL STATEMENTS – NOTE 16