v3.26.1
Financial instruments and risk management - Maturities (Details)
R in Millions, $ in Millions
Dec. 31, 2025
ZAR (R)
Dec. 31, 2025
USD ($)
Dec. 31, 2024
ZAR (R)
Dec. 06, 2024
ZAR (R)
Aug. 16, 2024
ZAR (R)
Dec. 31, 2023
ZAR (R)
Oct. 25, 2019
ZAR (R)
(Loss)/gain on financial instruments              
Other payables R 3,681   R 3,545     R 5,422  
Trade and other payables 10,706   10,374     11,678  
Total 74,436   75,877     77,524  
R6.5 billion RCF              
(Loss)/gain on financial instruments              
Loan       R 6,500 R 6,500    
US$ Convertible bond              
(Loss)/gain on financial instruments              
Loan | $   $ 500          
Keliber loan facilities              
(Loss)/gain on financial instruments              
Loan 500            
R5.5 billion RCF              
(Loss)/gain on financial instruments              
Loan             R 5,500
Within one year              
(Loss)/gain on financial instruments              
Trade and other payables 10,706   10,374     11,678  
Total 25,844   14,283     28,523  
Between one and two years              
(Loss)/gain on financial instruments              
Trade and other payables 0   0     0  
Total 2,276   14,649     1,134  
Between two and three years              
(Loss)/gain on financial instruments              
Trade and other payables 0   0     0  
Total 13,960   4,927     13,693  
Between three and five years              
(Loss)/gain on financial instruments              
Trade and other payables 0   0     0  
Total 14,842   23,496     1,681  
After five years              
(Loss)/gain on financial instruments              
Trade and other payables 0   0     0  
Total 17,514   18,522     32,493  
- Capital              
(Loss)/gain on financial instruments              
Other payables 4,982   6,758     12,757  
- Capital | R6.5 billion RCF              
(Loss)/gain on financial instruments              
Non-bank borrowings 2,500   3,000        
- Capital | US$ Convertible bond              
(Loss)/gain on financial instruments              
Non-bank borrowings 8,285   9,380     9,285  
- Capital | 2026 and 2029 Notes              
(Loss)/gain on financial instruments              
Non-bank borrowings 19,884   22,512     22,284  
- Capital | Burnstone Debt              
(Loss)/gain on financial instruments              
Non-bank borrowings 2,707   146     145  
- Capital | Keliber loan facilities              
(Loss)/gain on financial instruments              
Non-bank borrowings 9,720   5,858        
- Capital | Other borrowings              
(Loss)/gain on financial instruments              
Non-bank borrowings 97   438     40  
- Capital | Franco-Nevada liability              
(Loss)/gain on financial instruments              
Non-bank borrowings 2   4     3  
- Capital | R5.5 billion RCF              
(Loss)/gain on financial instruments              
Non-bank borrowings           4,000  
- Capital | Stillwater Convertible Debentures              
(Loss)/gain on financial instruments              
Non-bank borrowings           4  
- Capital | Within one year              
(Loss)/gain on financial instruments              
Other payables 2,205   1,644     2,203  
- Capital | Within one year | R6.5 billion RCF              
(Loss)/gain on financial instruments              
Non-bank borrowings 0   0        
- Capital | Within one year | US$ Convertible bond              
(Loss)/gain on financial instruments              
Non-bank borrowings 0   0     9,285  
- Capital | Within one year | 2026 and 2029 Notes              
(Loss)/gain on financial instruments              
Non-bank borrowings 11,185   0     0  
- Capital | Within one year | Burnstone Debt              
(Loss)/gain on financial instruments              
Non-bank borrowings 0   0     0  
- Capital | Within one year | Keliber loan facilities              
(Loss)/gain on financial instruments              
Non-bank borrowings 0   0        
- Capital | Within one year | Other borrowings              
(Loss)/gain on financial instruments              
Non-bank borrowings 12   331     11  
- Capital | Within one year | Franco-Nevada liability              
(Loss)/gain on financial instruments              
Non-bank borrowings 2   4     3  
- Capital | Within one year | R5.5 billion RCF              
(Loss)/gain on financial instruments              
Non-bank borrowings           4,000  
- Capital | Within one year | Stillwater Convertible Debentures              
(Loss)/gain on financial instruments              
Non-bank borrowings           4  
- Capital | Between one and two years              
(Loss)/gain on financial instruments              
Other payables 224   94     188  
- Capital | Between one and two years | R6.5 billion RCF              
(Loss)/gain on financial instruments              
Non-bank borrowings 0   0        
- Capital | Between one and two years | US$ Convertible bond              
(Loss)/gain on financial instruments              
Non-bank borrowings 0   0     0  
- Capital | Between one and two years | 2026 and 2029 Notes              
(Loss)/gain on financial instruments              
Non-bank borrowings 0   12,663     0  
- Capital | Between one and two years | Burnstone Debt              
(Loss)/gain on financial instruments              
Non-bank borrowings 0   0     0  
- Capital | Between one and two years | Keliber loan facilities              
(Loss)/gain on financial instruments              
Non-bank borrowings 700   0        
- Capital | Between one and two years | Other borrowings              
(Loss)/gain on financial instruments              
Non-bank borrowings 12   12     5  
- Capital | Between one and two years | Franco-Nevada liability              
(Loss)/gain on financial instruments              
Non-bank borrowings 0   0     0  
- Capital | Between one and two years | R5.5 billion RCF              
(Loss)/gain on financial instruments              
Non-bank borrowings           0  
- Capital | Between one and two years | Stillwater Convertible Debentures              
(Loss)/gain on financial instruments              
Non-bank borrowings           0  
- Capital | Between two and three years              
(Loss)/gain on financial instruments              
Other payables 111   175     277  
- Capital | Between two and three years | R6.5 billion RCF              
(Loss)/gain on financial instruments              
Non-bank borrowings 2,500   3,000        
- Capital | Between two and three years | US$ Convertible bond              
(Loss)/gain on financial instruments              
Non-bank borrowings 8,285   0     0  
- Capital | Between two and three years | 2026 and 2029 Notes              
(Loss)/gain on financial instruments              
Non-bank borrowings 0   0     12,535  
- Capital | Between two and three years | Burnstone Debt              
(Loss)/gain on financial instruments              
Non-bank borrowings 0   0     0  
- Capital | Between two and three years | Keliber loan facilities              
(Loss)/gain on financial instruments              
Non-bank borrowings 1,868   422        
- Capital | Between two and three years | Other borrowings              
(Loss)/gain on financial instruments              
Non-bank borrowings 12   13     5  
- Capital | Between two and three years | Franco-Nevada liability              
(Loss)/gain on financial instruments              
Non-bank borrowings 0   0     0  
- Capital | Between two and three years | R5.5 billion RCF              
(Loss)/gain on financial instruments              
Non-bank borrowings           0  
- Capital | Between two and three years | Stillwater Convertible Debentures              
(Loss)/gain on financial instruments              
Non-bank borrowings           0  
- Capital | Between three and five years              
(Loss)/gain on financial instruments              
Other payables 212   245     477  
- Capital | Between three and five years | R6.5 billion RCF              
(Loss)/gain on financial instruments              
Non-bank borrowings 0   0        
- Capital | Between three and five years | US$ Convertible bond              
(Loss)/gain on financial instruments              
Non-bank borrowings 0   9,380     0  
- Capital | Between three and five years | 2026 and 2029 Notes              
(Loss)/gain on financial instruments              
Non-bank borrowings 8,699   9,849     0  
- Capital | Between three and five years | Burnstone Debt              
(Loss)/gain on financial instruments              
Non-bank borrowings 129   0     145  
- Capital | Between three and five years | Keliber loan facilities              
(Loss)/gain on financial instruments              
Non-bank borrowings 4,167   2,314        
- Capital | Between three and five years | Other borrowings              
(Loss)/gain on financial instruments              
Non-bank borrowings 26   28     10  
- Capital | Between three and five years | Franco-Nevada liability              
(Loss)/gain on financial instruments              
Non-bank borrowings 0   0     0  
- Capital | Between three and five years | R5.5 billion RCF              
(Loss)/gain on financial instruments              
Non-bank borrowings           0  
- Capital | Between three and five years | Stillwater Convertible Debentures              
(Loss)/gain on financial instruments              
Non-bank borrowings           0  
- Capital | After five years              
(Loss)/gain on financial instruments              
Other payables 2,230   4,600     9,612  
- Capital | After five years | R6.5 billion RCF              
(Loss)/gain on financial instruments              
Non-bank borrowings 0   0        
- Capital | After five years | US$ Convertible bond              
(Loss)/gain on financial instruments              
Non-bank borrowings 0   0     0  
- Capital | After five years | 2026 and 2029 Notes              
(Loss)/gain on financial instruments              
Non-bank borrowings 0   0     9,749  
- Capital | After five years | Burnstone Debt              
(Loss)/gain on financial instruments              
Non-bank borrowings 2,578   146     0  
- Capital | After five years | Keliber loan facilities              
(Loss)/gain on financial instruments              
Non-bank borrowings 2,985   3,122        
- Capital | After five years | Other borrowings              
(Loss)/gain on financial instruments              
Non-bank borrowings 35   54     9  
- Capital | After five years | Franco-Nevada liability              
(Loss)/gain on financial instruments              
Non-bank borrowings 0   0     0  
- Capital | After five years | R5.5 billion RCF              
(Loss)/gain on financial instruments              
Non-bank borrowings           0  
- Capital | After five years | Stillwater Convertible Debentures              
(Loss)/gain on financial instruments              
Non-bank borrowings           0  
- Interest              
(Loss)/gain on financial instruments              
Non-bank borrowings 15,553   17,407     17,328  
- Interest | Within one year              
(Loss)/gain on financial instruments              
Non-bank borrowings 1,734   1,930     1,339  
- Interest | Between one and two years              
(Loss)/gain on financial instruments              
Non-bank borrowings 1,340   1,880     941  
- Interest | Between two and three years              
(Loss)/gain on financial instruments              
Non-bank borrowings 1,184   1,317     876  
- Interest | Between three and five years              
(Loss)/gain on financial instruments              
Non-bank borrowings 1,609   1,680     1,049  
- Interest | After five years              
(Loss)/gain on financial instruments              
Non-bank borrowings R 9,686   R 10,600     R 13,123