Notes to the annual financial statements

20.	long-term loans
		2010 R million	2009 R million
	Interest-bearing loans
	Secured long-term loans with effective interest rates of between 9.37% and 10%
	(2009: 9.37% and 13%) per annum repayable over a period of between four to ten years	188	204
	These liabilities are secured by assets with a book value of R62 million (2009: R56 million).
	Net liabilities resulting from various capitalised finance leases and instalment
	sale agreements payable in monthly, quarterly and annual instalments at varying
	interest rates per annum amount to	3	4
	These liabilities are secured by plant, machinery and equipment with a book value of
	R2 million (2009: R4 million).
	Various unsecured loans with varying terms and interest rates	5	3
		196	211
	Instalments payable within one year transferred to short-term interest-bearing loans	(21)	(20)
		175	191
	Payable – two to five years	173	191
	Payable thereafter	2	–
		175	191

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20.