| |
Rm |
2017 |
|
| |
Non-current |
|
|
|
|
| |
Interest bearing borrowings (Note 18.1) |
24 071 |
|
27 613 |
|
| |
Current |
|
|
|
|
| |
Interest bearing borrowings (Note 18.1) |
7 784 |
|
3 326 |
|
| |
Non-interest bearing borrowings (Note 18.2) |
436 |
|
436 |
|
| |
|
8 220 |
|
3 762 |
|
| |
|
|
|
| |
Vodafone Investments Luxembourg s.a.r.l. |
27 862 |
|
26 856 |
|
| |
During the current year, the Group modified two of the existing loan facilities received
from Vodafone Investments Luxembourg s.a.r.l. On 3 May 2017, R8 000 million and
R4 000 million loan facilities were revised from variable interest rate loans to fixed interest
rate loans. The loan facilities bear interest at fixed rates of 8.70% and 8.99% and are
repayable on 26 November 2019 and 26 July 2021 respectively. Additionally, an existing
fixed rate facility of R3 000 million was re-financed with a floating rate facility of
R3 000 million at a rate of 3 month Jibar plus 1.50% with a repayment date of 24 May 2022.
The Group also re-financed a R1 530 million facility on 24 November 2017 and increased
the facility with an additional R1 000 million draw down. This R2 530 million loan bears
interest at 3 month JIBAR plus 1.50% and is repayable on 24 November 2024. |
|
|
|
|
| |
The loans with a combined nominal value of R27 606 million are unsecured, bear interest
payable quarterly between JIBAR plus 1.15% and 1.57% and a fixed interest rate of between
8.64% and 8.99%, have repayment terms between three and seven years and are ultimately
repayable between 15 July 2018 and 24 November 2024. |
|
|
|
|
| |
Dark Fibre Africa (Pty) Limited, Link Africa (Pty) Limited And Metrofibre Networx (Pty) Limited |
1 634 |
|
1 595 |
|
| |
The Group leases access transmission links under finance leases. These leases bear interest
at a fixed interest rate of 7.53% and lease payments are made monthly over a lease term
of 15 years per link. The finance lease liability is secured by the lessor’s title to the leased
assets (Note 9). |
|
|
|
|
| |
The Standard Bank of South Africa Limited |
889 |
|
1 005 |
|
| |
These loans with nominal values of US$35 million and US$40 million were raised in favour
of Vodacom Congo (RDC) SA to finance capital expenditure and working capital
requirements and to repay short-term borrowings. The loans bear interest payable quarterly
at three-month LIBOR plus 2.45% and LIBOR plus approximately 2.98% respectively, have
a five-year term and are ultimately repayable on 2 October 2019 and 12 December 2019
respectively. The Group has issued guarantees for these borrowings (Note 25.6). |
|
|
|
|
| |
Mirambo Limited |
1 |
|
3 |
|
| |
The unsecured loan with a nominal value of US$18 million was provided to Vodacom Tanzania Public Limited Company. In the prior years, the nominal value of the loan was converted to
equity. The remaining portion of the loan bears interest at LIBOR plus 5.0%. The total
outstanding amount of loan and accrued interest shall be repaid on approval by shareholders
holding at least 60% of voting rights of the Group. |
|
|
|
|
| |
Congolese Wireless Network s.a.r.l. |
767 |
|
837 |
|
| |
The loan with a nominal value of US$37 million, forms part of the capital structure of Vodacom
Congo (RDC) SA, bears interest at 4.0% per annum and is repayable at the discretion of the
shareholders and simultaneously in proportion to their shareholding. |
|
|
|
|
| |
Bank borrowings classified as financing activities |
644 |
|
606 |
|
| |
Other loans |
58 |
|
37 |
|
| |
|
31 855 |
|
30 939 |
|