Contingent assets/liabilities

The company has guaranteed loans and facilities of subsidiaries and joint ventures amounting to R6 422 946 000 (2011: R5 101 000 000) of which
R3 104 728 000 (2011: R2 372 000 000) had been utilised at year-end.

The company has guaranteed charter hire payments and other guarantees of subsidiaries amounting to R1 524 356 000 (2011: R1 501 250 000). The charter hire payments are due by the subsidiaries in varying amounts from years 2012 to 2019.

On disposal of an interest in an entity, the acquirer has agreed to compensate the group if certain targets are met. At reporting date, the achievability of these targets was undetermined.