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Notes to the annual financial statements
for the year ended 31 December 2008

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1. General information 2. Summary of significant accounting policies 3. Critical accounting judgements and estimates 4. Segment information - Group 5. Basic and diluted earnings and dividend per share 6. Property and equipment 7. Management of financial risks 8. Investments 9. Financial assets 10. Employee benefit obligations 11. Insurance risk management 12. Insurance liabilities and reinsurance assets 13. Intangible assets 14. Current taxation asset and current taxation liability 15. Cash and cash equivalents 16. Share capital 17. Share premium 18. Revaluation reserves (non-distributable reserves) 19. Share-based payment reserve 20. Deferred taxation 21. Accounts payable and accrued expenses 22. Provisions 23. Deferred reinsurance commission 24. Investment income 25. Net fair value losses on assets held at fair value through income 26. Net realised gains 27. Administrative and other operating expenses 28. Income tax expense 29. Cash generated from operations 30. Taxation paid 31. Related-party transactions 32. Directors' emoluments 33. Post balance sheet events 34. Contingency

		Group		Company
		2008	2007	2008	2007
		R’000	R’000	R’000	R’000
22.	Provisions At beginning of the year	22,837	16,737	22,837	16,737
	Charged to income statement
	– Additional provisions	3,622	6,100	3,600	6,100
	Utilised during the year	(10,000)	–	(10,000)	–
	At end of the year	16,459	22,837	16,437	22,837
	Provisions comprise:
	Employee benefits – leave pay provision	16,459	22,837	16,437	22,837