Summarised consolidated statement of cash flows
for the year ended 30 September 2016

Notes 2016  
R million  
2015  
R million  
Cash generated from operations before working capital changes 2 264.0   2 395.1  
Working capital changes 561.3   (668.6)
Cash generated from operations 2 825.3   1 726.5  
Net interest paid (521.4) (376.4)
Income from investments –   7.4  
Retirement benefits, contributions and settlements (161.0) (364.9)
Tax paid (201.3) (151.6)
Replacement capital expenditure (475.7) (1 352.6)
Cash flows from operations 1 465.9   (511.6)
Dividends paid (575.5) (946.2)
Net cash generated from/(utilised in) operating activities 890.4   (1 457.8)
Expansion capital expenditure (951.7) (771.0)
Proceeds on disposal of businesses 6 1 982.7  
Proceeds from sale and leaseback transaction 1 701.1   –  
Other investing activities 142.0   124.7  
Net cash generated/(utilised) before financing activities 1 781.8   (121.4)
Net cash raised from/(repaid in) financing activities 2 380.7   (1 413.8)
Net increase/(decrease) in cash and cash equivalents 4 162.5   (1 535.2)
Net overdraft at beginning of year 8 (2 084.9) (681.0)
Cash acquired on consolidation of Zimbabwe associates 44.1  
Translation of cash in foreign subsidiaries (235.6) 87.2  
Cash and cash equivalents/(net overdraft) at end of year 8 1 842.0   (2 084.9)