14. CASH UTILISED BY OPERATIONS
Notes 2026 
R’000
 
2025 
R’000 
Reconciliation of operating profit to cash utilised by operations:
Operating profit 658 976  367 141 
ADJUSTMENTS FOR:
Dividends received 10 (62 242) (109 911)
Movement in ECL 11 (613 670) (272 241)
Loss on disposal of subsidiary 11 9 700  –
CHANGES IN WORKING CAPITAL:
Other receivables (65) (21)
Trade and other payables (139) (647)
(7 440) (15 679)