NOTES TO THE ANNUAL FINANCIAL STATEMENTS | NOTE 24

    2015
Rm
  2014
Rm
 
24. FOREIGN CURRENCY TRANSLATION RESERVE        
The foreign currency translation reserve arises as a result of the company’s interest in GOZ. The initial investment was made at a rate of R6.46:AUD1. The closing exchange rate at 30 June 2015 was R9.40:AUD1 (FY14: R9.96:AUD1). 1 072   1 506  
The translation reserve comprises all foreign currency differences arising from the translation of the financial statements of foreign operation