NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS l NOTE 40

40. Pensions and other retirement obligations

The Group has made provision for pension and provident schemes covering substantially all employees. All eligible employees are members of defined contribution schemes administered by third parties. The assets of the schemes are held in administered trust funds separated from the Group’s assets. Scheme assets primarily consist of listed shares, bonds and cash. The South African funds are governed by the Pension Funds Act of 1956.


NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS l NOTE 40