In August 2022, The Prepaid Company renegotiated a further extension of its Investec facility to 30 September 2023. The Investec facility available to The Prepaid Company at
year-end is required to reduce by R120 million to R1.005 billion as at 30 September 2022. At 31 May 2022 the Investec facility is disclosed as current borrowings, as the extension to 30 September 2023, was only granted in August 2022.
Refer to Cell C note for details in this regard.