ANNUAL FINANCIAL STATEMENTS 2023

For the year ended 30 September 2023

18 LOANS
 
  GROUP   COMPANY
(R’million) 2023 2022   2023 2022 
Restated#
Loans to empowerment entities          
Dipuno* 47,2 43,4      
Other** 7,1 7,0   1,0 1,1
  54,3 50,4   1,0 1,1

* This relates to the long-term portion of the loan to Dipuno. During the current year, no additional amount (2022: R19,0 million) was advanced as a loan to Dipuno. A day-one fair value loss of R9,4 million and an impairment of R6,5 million were recognised in the prior year
** Included in other is a loan of R6,0 million (2022: R5,9 million) provided as part of the Tiger Brands Enterprise Development programme
# Refer to note 36 for details on restatements