Notes to the consolidated financial statements Note 25

    2017 
R’000 		   2016 
R’000 		  
25. BORROWINGS        
  Loans secured by mortgage bonds over fixed property (refer to note 13) 54 651     78 436    
   Loans secured by lien over certain property, plant and equipment in terms of financial leases and suspensive sale agreements (refer to note 13) 441 679     284 365    
   Unsecured borrowings  7 561 133     6 825 353    
   Borrowings  8 057 463     7 188 154    
   Less: Short-term portion of borrowings  (2 809 822)    (4 845 484)   
   Long-term portion of borrowings  5 247 641     2 342 670    
   Schedule of repayment of borrowings             
   Year to June 2017  –     4 845 484    
   Year to June 2018  2 809 822     1 425 966    
   Year to June 2019  4 015 364     747 223    
   Year to June 2020  719 285     66 940    
   Year to June 2021  131 475     14 183    
   Year to June 2022  300 261     88 358    
   Thereafter  81 256     –    
      8 057 463     7 188 154    
   Total borrowings comprise             
   Foreign subsidiaries borrowings  7 422 844     6 181 866    
   South African subsidiary borrowings  634 619     1 006 288    
      8 057 463     7 188 154    

      %     %    
   Effective weighted average rate of interest on             
   South African borrowings excluding overdrafts  8,5     8,5    
   Foreign borrowings excluding overdrafts  2,2     2,0   
  Terms and debt repayment schedule

Terms and conditions of outstanding loans were:
          2017            
    Currency Nominal
interest
rate
%		   Financial
Year of
maturity		   R’000     2016
R’000		  
  Borrowings of South African subsidiaries                    
  Unsecured loans ZAR 8,5   2018   634 619     1 006 288  
  Borrowings of foreign subsidiaries           7 422 844     6 181 866  
  Loans secured by mortgage bonds over fixed property GBP 2,2 – 2,7   2020 – 2022   28 726     42 014  
    EUR 1,6   2021 – 2030   17 803     23 554  
    CZK 1,9   2020   8 122     12 868  
  Loans secured by lien over certain property, plant and equipment in terms of financial leases and suspensive sale agreements GBP 2,6 – 4,5   2018 – 2020   2 492     4 270  
    PLN 2,2   2023   67 306     41 973  
    EUR 0,0 – 4,8   2018 – 2031   365 202     232 773  
    BRL 2,5 – 19,8   2018 – 2020   6 679     5 349  
  Unsecured loans GBP 0,0 – 9,6   2018 – 2023   1 015 358     535 563  
    EUR 0,0 – 9,8   2018 – 2024   3 117 127     2 739 544  
    HKD 1,2 – 3,6   2018 – 2020   1 673 253     1 415 240  
    SGD 1,5 – 2,5   2018 – 2020   638 123     656 758  
    CZK 1,5 – 5,0   2018 – 2019   238 228     233 866  
    PLN 2,4   2020   35 405     49 408  
    CLP 4,3 – 8,6   2018   66 813     71 138  
    AED 5,0   2018   46 733     52 621  
    TRY 13,7 – 16,1   2018   55 679     11 626  
    USD 2,5   2018   27 619     50 576  
    Other 0,0 – 5,2   2018 – 2023   12 176     2 725  
  Total interest-bearing borrowings           8 057 463     7 188 154  
 

The expected maturity dates are not expected to differ from the contractual maturity dates.

Refer to note 33 for further disclosure.

Notes to the consolidated financial statements Note 25