NOTES TO THE ANNUAL FINANCIAL STATEMENTS  
for the year ended 31 December 2005

         GROUP   COMPANY  
             2005          2004              2005          2004  
            Restated         Restated  
        Rm   Rm    Rm   Rm  

4.

INTERESTS IN SUBSIDIARIES

                 
  Investments in subsidiaries       419,7   398,0  
  Shares at cost             501,2   501,2  
  Provisions against investments       (81,5)   (103,2)  
  Net loans to subsidiaries       553,5   427,1  
  Net loans to subsidiaries at cost       774,4   709,6  
  Provisions against loans       (220,9)   (282,5)  
                     
  Interests in subsidiaries       973,2   825,1  
The details of the subsidiaries are noted in Annexure A. The company has deferred its right to claim repayments of loans owing to it by a number of subsidiary companies in favour of creditors for as long as the net liabilities of the subsidiaries exceed their net assets.