Company       Group
2020 2019   (R’million) Notes 2020 2019
0,6 225,9   Cash operating profit A 3 005,7 3 401,5
(4,3) 315,4   Working capital changes B (52,5) 90,7
(3,7) 541,3   Cash generated from operations   2 953,2 3 492,2
7,5 56,7   Finance income and income from investments received   27,4 45,8
(2,6)   Finance costs paid   (116,0) (67,0)
892,1 1 323,2   Dividends received from associate companies and subsidiaries   105,5 282,4
(20,9) (32,1)   Taxation paid C (620,3) (852,0)
875,0 1 886,5   Cash available from operations   2 349,8 2 901,4
(823,8) (2 522,4)   Dividends paid D (740,6) (2 284,5)
51,2 (635,9)   Net cash inflow/(outflow) from operating activities   1 609,2 616,9
      Purchase of property, plant and equipment E (937,1) (1 103,5)
      Loans advanced   (20,0)
      Proceeds on disposal of shares in held for sale investment   9,9  
      Proceeds on disposal of intangible assets   0,3
      Proceeds from disposal of property, plant, equipment and intangible assets   49,8 2,4
      Cash on disposal of division (refer note 33)   100,0
57,7 (181,4)   Proceeds/(advances) in loans to subsidiaries, associates and other  
(0,7) (1,5)   Acquisition of investments  
      Movement in trademark   2,3
      Cash on disposal of subsidiary (refer note 33)   307,7
  581,5   Proceeds on sale of associate investment   757,9
57,0 398,6   Net cash (outflow)/inflow from investing activities   (797,1) (33,2)
108,2 (237,3)   Net cash inflow/(outflow) before financing activities   812,1 583,7
      Repayment of lease liabilities   (136,6)
      Black Managers Trust (BMT) shares exercised   3,9 15,5
      Shares exercised relating to equity-settled scheme   (9,1) (33,0)
      Long-term borrowings repaid   (2,7)
      Short-term borrowings repaid   (104,0) (79,8)
      Net cash outflow from financing activities   (245,8) (100,0)
108,2 (237,3)   Net increase/(decrease) in cash and cash equivalents   566,3 483,7
      Effect of exchange rate changes on cash and cash equivalents   51,5 8,8
67,4 304,7   Cash and cash equivalents at the beginning of the year F 1 161,7 669,2
175,6 67,4   Cash and cash equivalents at end of the year G 1 779,5 1 161,7